Oracle 1Z0-1055-23 : Oracle Financials Cloud: Payables 2023 Implementation Professional

1Z0-1055-23 real exams

Exam Code: 1Z0-1055-23

Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional

Updated: Sep 12, 2026

Q & A: 143 Questions and Answers

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Oracle 1Z0-1055-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Payables Configuration and Setup30%- Configure Enterprise Structures
  • 1. Define supplier master data and supplier sites
    • 2. Set up business units, legal entities, and ledgers
      - Configure Payables System Options
      • 1. Define tax configurations and withholding tax rules
        • 2. Set up payment terms, payment methods, and payment formats
          Topic 2: Payments and Disbursements25%- Payment Processing
          • 1. Create, approve, and issue payments
            • 2. Manage payment batches and bank accounts
              - Reconciliation and Accounting
              • 1. Account for payments, discounts, and foreign currency transactions
                • 2. Reconcile payables to general ledger
                  Topic 3: Reporting, Integration, and Maintenance20%- Reporting and Analytics
                  • 1. Use Business Intelligence and reporting tools
                    • 2. Run standard payables reports and create custom reports
                      - Integration and Maintenance
                      • 1. Perform period-end close and maintenance activities
                        • 2. Integrate with other Oracle Cloud modules
                          Topic 4: Invoice Processing and Management25%- Invoice Entry and Validation
                          • 1. Validate invoices, resolve holds, and perform matching
                            • 2. Enter standard invoices, credit memos, and debit memos
                              - Prepayments and Expense Invoices
                              • 1. Apply and account for prepayments
                                • 2. Process employee expense reports and invoices

                                  Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

                                  Question #1

                                  Which two statements about the submission of invoices by suppliers using Supplier Portal are true?

                                  • A. A supplier can validate the invoice after submitting it.
                                  • B. A supplier can submit a single invoice against multiple purchase orders, provided the currency and organization for all the invoice items are the same as those on the purchase orders.
                                  • C. A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.
                                  • D. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.
                                  • E. A supplier can make changes to the invoice after submitting it.
                                  Answer: A,B,E

                                  Explanation: Only visible for PassTorrent members. You can sign-up / login (it's free).

                                  Question #2

                                  Which two tools can you use to build layouts for BI Publisher reports?

                                  • A. Template Builder for Word
                                  • B. BI Answers
                                  • C. Layout Editor
                                  • D. BI Composer
                                  • E. Report Developer
                                  Answer: B,E

                                  Explanation: Only visible for PassTorrent members. You can sign-up / login (it's free).

                                  Question #3

                                  You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?

                                  • A. Run the create accounting program.
                                  • B. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.
                                  • C. Remove the documents or payments causing the error and resume the payment process.
                                  • D. Run the invoice validation program.
                                  • E. Terminate the payment process request.
                                  Answer: C,E

                                  Explanation: Only visible for PassTorrent members. You can sign-up / login (it's free).

                                  Question #4

                                  An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing.
                                  What are the two possible reasons for this?

                                  • A. The invoice needs re-validation.
                                  • B. The invoice has not been accounted.
                                  • C. The pay-through date is in a closed Payables period.
                                  • D. The pay-through date is in a future period.
                                  • E. The invoice requires approval.
                                  Answer: A,E
                                  Question #5

                                  Identify two ways the invoice imaging solution works in the Cloud.

                                  • A. Customers ask their suppliers to scan and email the invoice.
                                  • B. Customers scan the invoice on-premise and email the images.
                                  • C. Customers ask suppliers to send electronic invoices.
                                  • D. Customers scan and store the invoice images on-premise and attach them during invoice entry.
                                  • E. Customers cannot use invoice imaging in the Cloud.
                                  Answer: B,E

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