Oracle 1Z0-1055-23 Q&A - in .pdf

  • 1Z0-1055-23 pdf
  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
  • Updated: Oct 09, 2026
  • Q & A: 143 Questions and Answers
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  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
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  • Updated: Oct 09, 2026
  • Q & A: 143 Questions and Answers
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Oracle 1Z0-1055-23 Q&A - Testing Engine

  • 1Z0-1055-23 Testing Engine
  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
  • Updated: Oct 09, 2026
  • Q & A: 143 Questions and Answers
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Oracle 1Z0-1055-23 Exam Syllabus Topics:

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

                                  Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

                                  Question #1

                                  Which three attributes are captured during the scanning of invoice images?

                                  • A. Terms Date
                                  • B. PO Number
                                  • C. Invoice Number
                                  • D. Invoice Date
                                  • E. Payment Method
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,B,C  🗳️

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

                                  Question #2

                                  An invoice for $200 USD and a credit memo for $225 USD are due for payment and the "Apply credits up to zero amount" option is enabled for the payment process request. Which statement is correct?

                                  • A. The payment process request pays only $200 USD alone.
                                  • B. The payment process request doesn't select the invoice or credit memo for payment because the credit reduces the payment to - $25 USD, which is below zero.
                                  • C. The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
                                  • D. The payment process request applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

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

                                  Question #3

                                  You need to submit a 1099 report; your State format has changed slightly since last year. How should you submit your 1099s for the State in the current year?

                                  • A. Generate a 1096 form and submit it instead.
                                  • B. Manually enter the 1099s for the State and submit.
                                  • C. Run and submit your 1099s because it will automatically reflect any changes.
                                  • D. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  Question #4

                                  Which reporting tool is used to report on real-time data?

                                  • A. Oracle Financial Reporting Studio
                                  • B. Smart View
                                  • C. Oracle Transactional Business Intelligence (OTBI)
                                  • D. Essbase Cube
                                  • E. Oracle Business Intelligence Publisher
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  Question #5

                                  You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements.

                                  • A. For period end accruals, accounting is created at material receipt or at delivery to a final destination.
                                  • B. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.
                                  • C. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.
                                  • D. For period end accruals, the invoice accounting debits the expense account and credits the liability account.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C,D  🗳️

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