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Oracle 1Z1-1055 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1055 |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Passing Score: | Approximately 60% - 65% |
| Related Certifications: | Oracle Financials Cloud: General Ledger 2019 Implementation Essentials Oracle ERP Cloud Implementation Specialist |
| Real Exam Qty: | 55 - 75 |
| Exam Format: | Proctored Exam (Online or Test Center), Scenario-based Questions, Multiple Response, Multiple Choice |
| Exam Price: | USD 245 |
| Certificate Validity Period: | Oracle certification policies may vary; typically does not expire or is tied to product version lifecycle |
| Recommended Training: | Oracle Financials Cloud Learning Path Oracle University Training |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Portal |
| Sample Questions: | DOWNLOAD DEMO |
| 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 |
|---|---|
| Payments Processing | - Payment execution and reconciliation - Payment methods and formats |
| Tax and Accounting Integration | - Accounting entries and subledger integration - Tax configuration in Payables |
| Invoice Management | - Invoice creation and validation - Invoice matching and approvals |
| Reporting and Troubleshooting | - Common issues and resolution - Payables reporting tools |
| Suppliers and Supplier Management | - Supplier sites and payment terms - Supplier creation and maintenance |
| Payables Setup and Configuration | - Ledger and accounting setup integration - Payables application configuration |
1Z1-1055 (Oracle) Exam FAQ: Trusted Answers
Oracle Financials Cloud: Payables 2019 Implementation Essentials is an official Oracle certification exam, registered under the code 1Z1-1055. Passing it awards the Oracle Financials Cloud: Payables 2019 Implementation Essentials certification, a credential at the Professional level. It also connects to Oracle Financials Cloud: General Ledger 2019 Implementation Essentials, Oracle ERP Cloud Implementation Specialist. The exam is demanding by design, and that difficulty is precisely what makes the credential meaningful for career development.
The Oracle Financials Cloud: Payables 2019 Implementation Essentials exam presents 55 - 75 questions within 120 minutes. That is a brisk pace, and the candidates who handle it best are the ones who rehearsed it. Use the ActualPDF engine for full timed simulations, practice flagging and returning, and arrive on exam day with a pacing strategy already proven.
Passing Oracle Financials Cloud: Payables 2019 Implementation Essentials takes Approximately 60% - 65%, and official registration costs USD 245. Retakes bill the full USD 245 again, so preparation is the least expensive insurance available. Let your ActualPDF practice scores guide the timing: book when you clear the requirement consistently, not occasionally.
Recommended familiarity with Oracle Financials Cloud and basic accounting principles; prior ERP Cloud experience is beneficial
Policies get revised, so confirm the current requirements before you register on the official exam page.
Oracle Financials Cloud: Payables 2019 Implementation Essentials registration is handled through the official channels below.
For scheduling purposes: the exam is delivered Online proctored exam or Pearson VUE test center.
Yes, Oracle recommends the following training for Oracle Financials Cloud: Payables 2019 Implementation Essentials candidates.
Complement any training with the 113 practice questions in the ActualPDF 1Z1-1055 package, because repeated application is what turns course knowledge into a passing score.
Yes. ActualPDF offers a free demo of the Oracle Financials Cloud: Payables 2019 Implementation Essentials questions, so you can verify the quality personally before purchasing. Your purchase then includes a one-year service warranty: updates are free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your money is protected by a 100% money-back guarantee with defined conditions. Take the Oracle Financials Cloud: Payables 2019 Implementation Essentials exam within 60 days of purchase; if you fail, you may claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. You may instead wait for the update version or change to other exam material: exchange for two other exam products of equal value, free, with your original purchase keeping its update service.
Delivery is instant: files unlock for download at payment and are emailed within one minute. If nothing arrives within 2 hours, check spam and contact customer service, online 7/24 even on official holidays. Installation is unlimited across your computers.
Oracle Financials Cloud: Payables 2019 Implementation Essentials is organized into 6 official domains. The most heavily weighted are Tax and Accounting Integration, Payables Setup and Configuration, and Payments Processing. The full breakdown appears above on this page; study the weightings and your preparation priorities set themselves.
Oracle Financials Cloud: Payables 2019 Implementation Essentials Sample Questions:
Question 1
While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds? (Choose two.)
A. The employee's supervisor can manually release the hold.
B. Payables Manager can release payment holds in Payables.
C. The expense auditor can manually release the payment hold at his discretion.
D. Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.
E. The employee can manually release the hold.
Question 2
Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly?
A. Payables Trial Balance and General Ledger Trial Balance reports
B. Payables Aging reports with the General Ledger Trial Balance report
C. General Ledger Financial Statements and the Accounts Payable and Invoice Registers
D. Payables to Ledger Reconciliation report
Question 3
Your client company wants to ensure that the payments they are sending to their financial institution are valid and formatted correctly. They would like to identify any validation failures as early in the process as possible.
Where would you suggest the validations are set?
A. Payment Terms
B. Payment Method
C. Supplier Site
D. Payment Format
E. Disbursement Bank Account
Question 4
Which two statements are true when you are using the Intercompany Reconciliation Reports? (Choose two.)
A. The reconciliation period summary report will not show the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.
B. You can drill down on the links in the Period Summary report to view the balances by Intercompany Organization.
C. The reports will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
D. The reports will include Ledger balancing lines generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.
E. You must run the prepare Intercompany Reconciliation Reporting Information process.
Question 5
An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you chose the "Apply Credits Up to Zero Amount" option when submitting a Payment Process Request? (Choose two.)
A. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.
B. Neither the invoice nor the credit memo is included in the Payment Process Request.
C. Both the invoice and the credit memo are included in the Payment Process Request.
D. Both the invoice and the credit memo are fully paid.
Solutions:
| Question 1 Answer: C,D | Question 2 Answer: A | Question 3 Answer: B | Question 4 Answer: A | Question 5 Answer: A,C |
