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Oracle 1Z0-1055-23 Exam Braindumps - in .pdf Free Demo

  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
  • Last Updated: Aug 22, 2026
  • Q & A: 143 Questions and Answers
  • Convenient, easy to study. Printable Oracle 1Z0-1055-23 PDF Format. It is an electronic file format regardless of the operating system platform. 100% Money Back Guarantee.
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  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
  • Last Updated: Aug 22, 2026
  • Q & A: 143 Questions and Answers
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Oracle 1Z0-1055-23 Exam Syllabus Topics:

SectionWeightObjectives
Reporting, Integration, and Maintenance20%- Reporting and Analytics
  • 1. Use Business Intelligence and reporting tools
    • 2. Run standard payables reports and create custom reports
      - Integration and Maintenance
      • 1. Integrate with other Oracle Cloud modules
        • 2. Perform period-end close and maintenance activities
          Payments and Disbursements25%- Reconciliation and Accounting
          • 1. Reconcile payables to general ledger
            • 2. Account for payments, discounts, and foreign currency transactions
              - Payment Processing
              • 1. Create, approve, and issue payments
                • 2. Manage payment batches and bank accounts
                  Invoice Processing and Management25%- Prepayments and Expense Invoices
                  • 1. Apply and account for prepayments
                    • 2. Process employee expense reports and invoices
                      - Invoice Entry and Validation
                      • 1. Validate invoices, resolve holds, and perform matching
                        • 2. Enter standard invoices, credit memos, and debit memos
                          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

                                  Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

                                  1. Which attributes on the payables invoice can be used during approval rule creation?

                                  A) cost center segment and supplier only
                                  B) company and cost center segment only
                                  C) supplier only
                                  D) company segment, cost center segment, supplier, and Attribute 1 on the invoice line


                                  2. Which two invoice types can have a status of Incomplete?

                                  A) Supplier Portal Invoices which are rejected and resubmitted for approval
                                  B) Scanned Invoices which are rejected during import
                                  C) Supplier Portal Invoices which are saved but not yet submitted
                                  D) Prepayment Invoices which are fully paid but not applied against any invoice
                                  E) Scanned Invoices with incomplete or missing information


                                  3. There are four key reports in Cash Management.
                                  What is the correct match for each report and its description?
                                  Report
                                  1. Cash to General Ledger Reconciliation Report
                                  2. Bank Statement Report
                                  3. Cash in Transit Report
                                  4. Bank Statement Analysis Report
                                  Description
                                  1. Lists all transactions for a specific bank account, that have been remitted to the bank but have not been cleared.
                                  2. Displays the bank statements that are used to analyze balances and transaction details.
                                  3. Displays balance and transaction information for specific bank statements.
                                  4. Lists bank statement transactions that are accounted in GL but are not reconciled in Cash Management.

                                  A) 1 = H, 2 = G, 3 = E, 4 = F
                                  B) 1 = E, 2 = G, 3 = H, 4 = F
                                  C) 1 = H, 2 = E, 3 = G, 4 = F
                                  D) 1 = H, 2 = F, 3 = E, 4 = G


                                  4. Your client company has two business units and requires the Payables Specialist to process invoice transactions for both business units.
                                  What setup is required to achieve this?

                                  A) a Dedicated Service Provider model
                                  B) Business Unit Security
                                  C) a Self-Service Service Provider Model
                                  D) a Dedicated and Self-Service Service Provider Model


                                  5. You need to submit a 1099 report; your State format has changed slightly since last year. How should you submit your 1099s for the State in the current year?

                                  A) Generate a 1096 form and submit it instead.
                                  B) Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.
                                  C) Manually enter the 1099s for the State and submit.
                                  D) Run and submit your 1099s because it will automatically reflect any changes.


                                  Solutions:

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

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