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

  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
  • Updated: Sep 09, 2026
  • Q&As: 143 Questions and Answers

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Oracle 1Z0-1055-23 Exam Syllabus Topics:

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

                          Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

                          Question #1

                          You purchased a computer from Company A for 2000 USD. Company B ships you the computer with freight charges of 100 USD. You would like the cost of the computer to include those freight charges.
                          How can you achieve this?

                          • A. Choose to Match to Receipt Charges.
                          • B. Enter the Invoice manually and add the freight line.
                          • C. Choose Match to Receipt.
                          • D. Choose to Match in full to the Purchase Order.
                          • E. Choose to Match to Invoice Lines.
                          Answer: A
                          Question #2

                          You need to create a payment for a supplier before the next payment run. The invoice you wish to pay is not available for selection in the Create Payment page.
                          Which two are possible reasons for this?

                          • A. The invoice is not validated.
                          • B. The payment supplier site is different to the supplier site on the invoice.
                          • C. The invoice is not yet due.
                          • D. The invoice is not accounted.
                          • E. The payment method for the invoice is Electronic.
                          Answer: B,C
                          Question #3

                          You have an invoice for a three-month lease and wish to recognize the expense monthly for the duration of the lease.
                          What must be entered on the invoice in order to do this?

                          • A. You must provide a start date, an end date, and the accrual account for the prepaid expenses in the invoice lines or distributions.
                          • B. You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.
                          • C. You must provide a start date and an end date for the prepaid expenses in the invoice lines or distributions.
                          • D. You must provide a start date and the accrual account for the prepaid expenses in the invoice lines or distributions.
                          Answer: B
                          Question #4

                          A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross currency rate type the default?

                          • A. Manage Invoice Options and Manage common options for Payables and Procurement
                          • B. Manage Payment Options and Manage common options for Payables and Procurement
                          • C. Manage common options for Payables and Procurement and Manage Procurement agents
                          • D. Manage Invoice Options and Manage Procurement agents
                          • E. Manage Payable Options and Manage Invoice Options
                          Answer: E

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                          Question #5

                          A Bill Payable document was paid but has not yet matured.
                          What is the status of the payment?

                          • A. Negotiable
                          • B. Issued
                          • C. In Transit
                          • D. Cleared
                          Answer: B

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