Before you decide on any Oracle Financials Cloud: Payables 2019 Implementation Essentials product in 2026, take the free demo first. On Pass4suresVCE it shows you the real question style and each format's interface, so 113 sample practice questions help you judge the fit before spending anything.
Oracle 1Z1-1055 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1055 |
| Real Exam Qty: | 55 - 75 |
| Passing Score: | Approximately 60% - 65% |
| Exam Duration: | 120 minutes |
| Related Certifications: | Oracle Financials Cloud: General Ledger 2019 Implementation Essentials Oracle ERP Cloud Implementation Specialist |
| Exam Price: | USD 245 |
| Certificate Validity Period: | Oracle certification policies may vary; typically does not expire or is tied to product version lifecycle |
| Exam Format: | Scenario-based Questions, Proctored Exam (Online or Test Center), Multiple Response, Multiple Choice |
| Available Languages: | English |
| Recommended Training: | Oracle University Training Oracle Financials Cloud Learning Path |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Portal |
| Sample Questions: |  |
| Exam Way: | Online proctored exam or Pearson VUE test center |
| Pre Condition: | Recommended familiarity with Oracle Financials Cloud and basic accounting principles; prior ERP Cloud experience is beneficial |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z1-1055 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Tax and Accounting Integration | - Tax configuration in Payables - Accounting entries and subledger integration |
| Topic 2: Suppliers and Supplier Management | - Supplier creation and maintenance - Supplier sites and payment terms |
| Topic 3: Invoice Management | - Invoice creation and validation - Invoice matching and approvals |
| Topic 4: Payables Setup and Configuration | - Payables application configuration - Ledger and accounting setup integration |
| Topic 5: Payments Processing | - Payment execution and reconciliation - Payment methods and formats |
| Topic 6: Reporting and Troubleshooting | - Common issues and resolution - Payables reporting tools |
1Z1-1055 Exam Questions and Answers
The Oracle Financials Cloud: Payables 2019 Implementation Essentials content is the same across all three formats: a printable PDF, a software engine, and an online engine. The free demo lets you try each interface before buying, so you can pick the one that matches how you study rather than guessing.
The package contains 113 practice questions for the 1Z1-1055 exam, all verified by our IT experts. A free demo is available so you can review the style before you buy.
- Payments Processing ()
- Suppliers and Supplier Management ()
- Payables Setup and Configuration ()
Use the weights above to divide your study time where it matters most.
The engine presents Oracle Financials Cloud: Payables 2019 Implementation Essentials questions in random order, so each session feels like a fresh test rather than a memorized list. After every simulated exam you receive a score, and your errors are clearly marked, which makes it easy to see your weak and strong areas and build a focused study plan.
The real 1Z1-1055 exam gives you 120 minutes minutes for 55 - 75 questions. The engine lets you rehearse under the same kind of time pressure, so pacing decisions become automatic.
Oracle Certification Portal: register for 1Z1-1055
Pearson VUE Oracle Exams: register for 1Z1-1055
Oracle University Training: Visit official page
Oracle Financials Cloud Learning Path: Visit official page
To pass 1Z1-1055 you need Approximately 60% - 65%, and the official fee is USD 245. Setting the target score early makes it easier to measure your progress in practice tests.
Recommended familiarity with Oracle Financials Cloud and basic accounting principles; prior ERP Cloud experience is beneficial
Oracle Financials Cloud: Payables 2019 Implementation Essentials Sample Questions:
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 Payment Options and Manage common options for Payables and Procurement
- B. Manage common options for Payables and Procurement and Manage Procurement agents
- C. Manage Invoice Options and Manage common options for Payables and Procurement
- D. Manage Payable Options and Manage Invoice Options
- E. Manage Invoice Options and Manage Procurement agents
Correct Answer: D 🗳️
Explanation: Only visible for Pass4suresVCE members. You can sign-up / login (it's free).
Your customer has an electronic payment format program in use and wants all the documents to use the pay group "Domestic". What should you do to achieve this?
- A. Define a user validation at the formatprogram to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Format Program Code", condition "Equal to String" and value - as desired.
- B. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Document pay group", condition "Required" and value - not applicable.
- C. Modify your template to hard code the value "Domestic" for the pay group position.
- D. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", and value "Domestic".
Correct Answer: D 🗳️
Explanation: Only visible for Pass4suresVCE members. You can sign-up / login (it's free).
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Which actions will accomplish this? (Choose two.)
- A. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
- B. Create a Payment Process Request template that includes the Disbursement Bank Account.
- C. Define the Disbursement Bank Account to the Payment Method in payment default rules.
- D. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
- E. Define the Disbursement Bank Account to every supplier.
Correct Answer: B,D 🗳️
Explanation: Only visible for Pass4suresVCE members. You can sign-up / login (it's free).
Your customer has requested a modification to the payment file to meet the acceptable bank standards. The changes were based on a format of a seeded payment process profile which is already in use. The only changes made are to the field positions. What two steps can make these changes work?
- A. Oracle Data Integrator or Golden Gate can be used to map the fields as required.
- B. Create a newpayment process profile and a new format program.
- C. Create a new template to make changes as requested by the bank.
- D. No change in the template is needed as we can achieve this using user-defined validations to move the positions as required.
- E. Copy and modify the existing template to alter the positions as requested by the bank.
- F. Keep the payment process profile and leave the format programs unchanged.
Correct Answer: C,E 🗳️
You are voiding a payment and have selected Cancel as the Invoice Action. After performing the void, you notice the invoice is not cancelled but has an Invoice Cancel hold on it.
What is reason for this?
- A. The invoice date is not in the current open period.
- B. The invoice accounting date is not in the current open period.
- C. The invoice is already on hold.
- D. The invoice has been partially paid by another payment.
Correct Answer: D 🗳️
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