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Oracle 1Z0-1055 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1055 |
| Exam Format: | Scenario-based Questions, Multiple Response, Proctored Exam (Online or Test Center), Multiple Choice |
| Certificate Validity Period: | Oracle certification policies may vary; typically does not expire or is tied to product version lifecycle |
| Related Certifications: | Oracle ERP Cloud Implementation Specialist Oracle Financials Cloud: General Ledger 2019 Implementation Essentials |
| Exam Price: | USD 245 |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Real Exam Qty: | 55 - 75 |
| Passing Score: | Approximately 60% - 65% |
| Recommended Training: | Oracle University Training Oracle Financials Cloud Learning Path |
| Exam Registration: | Oracle Certification Portal Pearson VUE Oracle Exams |
| 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 1Z0-1055 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Payables Setup and Configuration | - Ledger and accounting setup integration - Payables application configuration |
| Topic 2: Suppliers and Supplier Management | - Supplier sites and payment terms - Supplier creation and maintenance |
| Topic 3: Tax and Accounting Integration | - Tax configuration in Payables - Accounting entries and subledger integration |
| Topic 4: Payments Processing | - Payment execution and reconciliation - Payment methods and formats |
| Topic 5: Invoice Management | - Invoice creation and validation - Invoice matching and approvals |
| Topic 6: Reporting and Troubleshooting | - Payables reporting tools - Common issues and resolution |
Questions and Answers About Oracle Financials Cloud: Payables 2019 Implementation Essentials
Oracle Financials Cloud: Payables 2019 Implementation Essentials is an official Oracle exam, listed under exam code 1Z0-1055. A passing result earns you the Oracle Financials Cloud: Payables 2019 Implementation Essentials certification at the Professional level. It also ties into Oracle Financials Cloud: General Ledger 2019 Implementation Essentials, Oracle ERP Cloud Implementation Specialist, extending its value across your certification roadmap. Employers read this credential as verified competence, which is why it keeps appearing in job requirements.
Expect 55 - 75 questions inside 120 minutes on the Oracle Financials Cloud: Payables 2019 Implementation Essentials exam. That pace punishes hesitation, so rehearse it: the ActualPDF software engine simulates the real exam scene, reminds you of the questions you got wrong, and pushes you to re-practice them until the clock stops being your enemy.
Passing Oracle Financials Cloud: Payables 2019 Implementation Essentials requires Approximately 60% - 65%, and the official registration fee is USD 245. Retakes charge the full USD 245 again, which is why experienced candidates treat preparation as the cheaper exam fee. Verify your readiness with repeated ActualPDF practice scores above the requirement before you commit to a date.
Recommended familiarity with Oracle Financials Cloud and basic accounting principles; prior ERP Cloud experience is beneficial
Requirements evolve, so confirm the current conditions before registering on the official exam page.
Registration for Oracle Financials Cloud: Payables 2019 Implementation Essentials goes through the official channels listed here.
When you schedule, note that the exam is delivered Online proctored exam or Pearson VUE test center.
Oracle recommends the following training for Oracle Financials Cloud: Payables 2019 Implementation Essentials candidates.
Follow any course with the 113 practice questions in the ActualPDF 1Z0-1055 package; the software engine will even remind you which mistakes need another round.
Yes. ActualPDF provides a free download demo of the Oracle Financials Cloud: Payables 2019 Implementation Essentials material, so you can check the content before choosing a version. After purchase, a one-year warranty covers you: the latest version is sent to you as it releases, free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your purchase is covered by a 100% money-back guarantee with clear conditions. Take the Oracle Financials Cloud: Payables 2019 Implementation Essentials exam within 60 days of purchase; if you fail, provide your unqualified result by submitting a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and the full refund is processed within 7 days. The exam must match your product, candidate and payer names must match, and attempts within 3 days of purchase, unused downloads, free materials, and expired orders are not covered. Alternatively, exchange for two other exam products of equal value, free, or wait for updates while keeping your original product's update service.
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The Oracle Financials Cloud: Payables 2019 Implementation Essentials syllabus spans 6 domains, led by Invoice Management, Tax and Accounting Integration, and Payables Setup and Configuration. The complete topic list is published above; candidates who study the map first rarely get lost later.
Oracle Financials Cloud: Payables 2019 Implementation Essentials Sample Questions:
Question 1
You need to have an invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.
Select two methods to achieve this. (Choose two.)
A. Define a distribution set and assign it to the supplier.
B. Configure Subledger Accounting rules to allocate costs.
C. Define a distribution set and assign it manually to the invoice.
D. Choose the 'All Lines' option from the Allocate menu in the invoice line area.
Question 2
Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?
A. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
B. Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
C. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
D. Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.
Question 3
How will system evaluate the tolerances for expense reports?
A. System will calculate error tolerance as Policy Rate * (1+Warning Tolerance+ Error Tolerance/100).
B. System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency precision.
C. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency precision.
D. System will use absolute amount tolerance setup to do validations.
E. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100).
Question 4
When creating a check payment, from where is the payment document defaulted?
A. Supplier
B. Bank
C. Legal Entity
D. Business Unit
E. Bank Account
Question 5
You have created your first implementation project. You have assigned the Application Implementation Consultant role to your user. However, you are unable to create and add roles to users in Oracle Identity Management (OIM).
This issue is caused because you did not assign the ________.
A. IT Security Manager role to your user
B. Line Manager role to your user
C. Application Implementation Manager role to your user
D. Superuser role to your user
Solutions:
| Question 1 Answer: B,C | Question 2 Answer: C | Question 3 Answer: A | Question 4 Answer: E | Question 5 Answer: C |
