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  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
  • Updated: Jul 29, 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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Oracle 1Z0-1055-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Reporting, Integration, and Maintenance20%- Integration and Maintenance
  • 1. Integrate with other Oracle Cloud modules
    • 2. Perform period-end close and maintenance activities
      - Reporting and Analytics
      • 1. Run standard payables reports and create custom reports
        • 2. Use Business Intelligence and reporting tools
          Topic 2: Payables Configuration and Setup30%- Configure Payables System Options
          • 1. Define tax configurations and withholding tax rules
            • 2. Set up payment terms, payment methods, and payment formats
              - Configure Enterprise Structures
              • 1. Define supplier master data and supplier sites
                • 2. Set up business units, legal entities, and ledgers
                  Topic 3: Invoice Processing and Management25%- Prepayments and Expense Invoices
                  • 1. Process employee expense reports and invoices
                    • 2. Apply and account for prepayments
                      - Invoice Entry and Validation
                      • 1. Validate invoices, resolve holds, and perform matching
                        • 2. Enter standard invoices, credit memos, and debit memos
                          Topic 4: Payments and Disbursements25%- Payment Processing
                          • 1. Manage payment batches and bank accounts
                            • 2. Create, approve, and issue payments
                              - Reconciliation and Accounting
                              • 1. Reconcile payables to general ledger
                                • 2. Account for payments, discounts, and foreign currency transactions

                                  Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

                                  1. When working with reference data sets in Payables, what reference data sharing method can you use for Payables Payment Terms?

                                  A) Assignment to multiple sets; no common values allowed
                                  B) Assignment to one set only; no common values allowed
                                  C) Assignment to multiple sets with common values allowed
                                  D) Assignment to one set only with common values


                                  2. 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 Invoice Lines.
                                  B) Choose Match to Receipt.
                                  C) Choose to Match to Receipt Charges.
                                  D) Choose to Match in full to the Purchase Order.
                                  E) Enter the Invoice manually and add the freight line.


                                  3. The Government has introduced a new reduced tax recovery rate for certain services. You need to amend the configuration for your current tax regime to reflect this change.
                                  Which three setups will you need to complete? (Choose three.)

                                  A) Setup a new tax
                                  B) Setup Determining Factor and Condition Sets
                                  C) Setup a new recovery rate
                                  D) Setup a new status
                                  E) Setup a new tax rate
                                  F) Setup a new tax rule


                                  4. Your client wants the subledger journal entry description to be transferred to general ledger.
                                  Which two could be used to enable this?

                                  A) Set the General Ledger Journal Entry Summarization option to Group by general ledger period
                                  B) Set the General Ledger Journal Entry Summarization option to Group by general ledger date
                                  C) Set the General Ledger Journal Entry Summarization option to Summarize by general ledger date
                                  D) Set the General Ledger Journal Entry Summarization option to Summarize by general ledger period


                                  5. If you accidentally paid an invoice using Create Payment flow, can you undo the operation?

                                  A) no
                                  B) yes, by canceling the payment process from the process monitor
                                  C) Cancel the invoice and create a new one.
                                  D) yes, by creating a credit memo to offset the payment
                                  E) yes, by voiding the payment created


                                  Solutions:

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

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