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

  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
  • Updated: Sep 28, 2026
  • Q & A: 143 Questions and Answers

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Oracle 1Z0-1055-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Tax and Accounting Integration- Tax configuration and calculation
  • 1. Tax rules in Payables
    - Subledger accounting integration
    • 1. Accounting entries for invoices and payments
      Topic 2: Reporting and Period Close- Period close activities
      • 1. Reconciliation and period close process
        - Payables reporting
        • 1. Standard Payables reports
          Topic 3: Supplier Management- Supplier setup and maintenance
          • 1. Supplier validation rules
            • 2. Supplier and supplier site configuration
              Topic 4: Payments Processing- Payment processing and execution
              • 1. Payment methods and formats
                • 2. Payment runs and settlements
                  Topic 5: Invoice Processing- Invoice creation and validation
                  • 1. Manual and automated invoice entry
                    • 2. Invoice validation and approval workflow
                      Topic 6: Payables Setup and Configuration- Payables application configuration
                      • 1. Payables options configuration
                        • 2. Ledger and accounting setup for Payables

                          Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

                          Question #1

                          Which method can you use to route payment approval rules?

                          • A. Serial and FYI (For Your Information)
                          • B. Sequential
                          • C. Parallel
                          • D. Both Parallel and Sequential
                          • E. Approval Groups
                          Reveal Solution  Discussion  0

                          Correct Answer: D  🗳️

                          Question #2

                          You created a payment and before it is cashed by the supplier you mistakenly submitted a request to stop payment. Later you canceled the request to stop payment. What is the resulting payment status?

                          • A. Voided
                          • B. Negotiable
                          • C. Canceled
                          • D. Available
                          • E. Cleared
                          • F. Stop initiated
                          Reveal Solution  Discussion  0

                          Correct Answer: B  🗳️

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

                          Question #3

                          You need 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. SingleTypeParticipantInParallelModeRuleSet
                          • B. FyiTypeParticipantInParallelModeRuleSet
                          • C. InvoiceApprovalRuleSet
                          • D. ParallelTypeParticipantInParallelModeRuleSet
                          Reveal Solution  Discussion  0

                          Correct Answer: D  🗳️

                          Question #4

                          During an expense audit the auditor marks an expense item that is missing a receipt to be Short Paid. They choose to complete the audit and warn the user.
                          Given that the Expense Report Audit Approval is set to After Manager Approval, what two are valid results of the auditor action?

                          • A. The approved part of the expense report is eligible for expense reimbursement.
                          • B. New expense report containing disallowed expense items is immediately created.
                          • C. Approved part of the expense report is not eligible for expense reimbursement.
                          • D. New expense report containing disallowed expense items is not created until manager approves the short payment.
                          Reveal Solution  Discussion  0

                          Correct Answer: B,C  🗳️

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

                          Question #5

                          What is the difference between subject areas that append the word "Real Time" and those that do not?

                          • A. The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.
                          • B. The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.
                          • C. There is no difference.
                          • D. The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.
                          Reveal Solution  Discussion  0

                          Correct Answer: D  🗳️

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

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