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: Aug 16, 2026
  • Q & A: 143 Questions and Answers
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  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
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Oracle 1Z0-1055-23 Exam Syllabus Topics:

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

                                  Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

                                  1. There are four key reports in Cash Management.
                                  What is the correct match for each report and its description?
                                  Report
                                  1. Cash to General Ledger Reconciliation Report
                                  2. Bank Statement Report
                                  3. Cash in Transit Report
                                  4. Bank Statement Analysis Report
                                  Description
                                  1. Lists all transactions for a specific bank account, that have been remitted to the bank but have not been cleared.
                                  2. Displays the bank statements that are used to analyze balances and transaction details.
                                  3. Displays balance and transaction information for specific bank statements.
                                  4. Lists bank statement transactions that are accounted in GL but are not reconciled in Cash Management.

                                  A) 1 = H, 2 = F, 3 = E, 4 = G
                                  B) 1 = E, 2 = G, 3 = H, 4 = F
                                  C) 1 = H, 2 = G, 3 = E, 4 = F
                                  D) 1 = H, 2 = E, 3 = G, 4 = F


                                  2. An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you chose the "Apply Credits Up to Zero Amount" option when submitting a Payment Process Request?

                                  A) Both the invoice and the credit memo are included in the Payment Process Request.
                                  B) Neither the invoice nor the credit memo is included in the Payment Process Request.
                                  C) Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.
                                  D) Both the invoice and the credit memo are fully paid.


                                  3. You want to route invoices to three different approvers at the same time and only one approver needs to approve the invoice. Which approval ruleset should you use?

                                  A) InvoiceApproversSingleParticipantInParallelMode
                                  B) Invoice Approvers
                                  C) InvoiceApproversParallelParticipantInParallelMode
                                  D) InvoiceApproversFYIParticipantInParallelMode


                                  4. What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?

                                  A) The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.
                                  B) The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.
                                  C) The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.
                                  D) The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.


                                  5. Which three are attributes that are recognized by Invoice Imaging? (Choose three.)

                                  A) PO Number
                                  B) Terms Date
                                  C) Invoice Number
                                  D) Invoice Date
                                  E) Payment Method


                                  Solutions:

                                  Question # 1
                                  Answer: C
                                  Question # 2
                                  Answer: A,B
                                  Question # 3
                                  Answer: C
                                  Question # 4
                                  Answer: D
                                  Question # 5
                                  Answer: A,C,D

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