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

1Z0-1055-23

Exam Code: 1Z0-1055-23

Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional

Updated: Sep 11, 2026

Q & A: 143 Questions and Answers

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Oracle 1Z0-1055-23 Exam Syllabus Topics:

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

                          Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

                          Question #1

                          Which invoice types can be included in the Create Payment flow?

                          A. Standard, Debit Memo and Customer Refund
                          B. Standard, Credit Memo, and Invoice Request
                          C. Standard, Credit Memo and Customer Refund
                          D. Standard, Credit Memo and Debit Memo


                          Question #2

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

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


                          Question #3

                          You have an invoice with a payment term that has the following settings:
                          * Day of Month = 15
                          * Cut off Day = 11
                          * Months Ahead = 0
                          * Terms Date on Invoice = January 12th
                          What will the resulting due date for the invoice installment be?

                          A. February 15th
                          B. January 15th
                          C. March 15th
                          D. April 15th


                          Question #4

                          Which three types of payments can you make if you have access to Disbursement Process Management Duty? (Choose three.)

                          A. Reimbursement of employee expense reports
                          B. Supplier payments
                          C. Customer refunds
                          D. Ad hoc payments
                          E. Employee advances


                          Question #5

                          What is the recommendation when setting up Reconciliation Rule Sets?

                          A. One to One rules should be sequenced below rules of other types.
                          B. One to One rules should be sequenced above rules of other types.
                          C. Many to Many rules should always be used first in the sequence.
                          D. Many to Many rules should always be used last in the sequence.


                          Solutions:

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

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