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 03, 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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  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
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Oracle 1Z0-1055-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Payables Options and Security15%- Define Payables Options
- Implement security
- Define validation and tax controls
Topic 2: Invoices25%- Define matching options
- Enter imported invoices
- Process invoice approvals
- Create one-time suppliers
- Create and manage invoices
- Create and validate invoices
Topic 3: Payments20%- Process payment files and reports
- Define payment terms and payment formats
- Set up payment documents
- Process manual and automatic payments
Topic 4: Accounting and Reporting25%- Review journal entries and account analysis
- Generate Payables reports
- Configure accounting and chart of accounts
- Create accounting for invoices and payments
Topic 5: Suppliers and Supplier Sites15%- Create and maintain suppliers
- Create and manage supplier sites
- Define supplier classifications

Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

Question #1

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. Run the invoice validation program.
  • D. Terminate the payment process request.
  • E. Remove the documents or payments causing the error and resume the payment process.
Reveal Solution  Discussion  0

Correct Answer: D,E  🗳️

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Question #2

Which job role has full access to perform all Functional Setup Manager related activities?

  • A. Functional Setup Manager Superuser
  • B. IT Security Manager
  • C. Application Implementation Consultant
  • D. Any Functional User
  • E. Application System Administrator
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

What does the Place of Supply rule value "Bill to Party" imply in an Oracle Payables Invoice?

  • A. Location assigned to the Supplier Party Site for the transactions
  • B. Location assigned to the Legal Entity Reporting Unit for the transactions
  • C. Location assigned to the Legal Entity for the transactions
  • D. Location assigned to the Business Unit for the transactions
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

What are the two advantages of using a spreadsheet for correcting invoice import errors?

  • A. ability to correct errors within the spreadsheet and send invoice corrections for approval
  • B. identification of errors with clear error messages at the invoice header level only
  • C. ability to correct errors and re-import invoices directly from a spreadsheet
  • D. identification of errors with clear error messages at the invoice header and line levels
  • E. ability to enter a high volume of invoices via a spreadsheet
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

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Question #5

You have two business units, Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?

  • A. Assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles to each Expense Auditor.
  • B. Assign the Expense Auditor job roles to each auditor.
  • C. Use segment valuesecurity rules to secure access to business units.
  • D. Assign the Expense Auditor as the owner of each business unit.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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