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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 |
| Related Certifications: | Oracle Financials Cloud: Receivables 2019 Implementation Essentials Oracle Financials Cloud: Expenses 2019 Implementation Essentials Oracle Financials Cloud: General Ledger 2019 Implementation Essentials |
| Exam Format: | Multiple Select, Multiple Choice |
| Real Exam Qty: | 68 - 70 |
| Certificate Validity Period: | Version-specific, no fixed expiration |
| Available Languages: | English, Japanese |
| Exam Price: | USD 245 |
| Exam Duration: | 105 - 120 |
| Passing Score: | 61% - 66% |
| Recommended Training: | Oracle Financials Cloud: Payables Implementation Training |
| Exam Registration: | Oracle University Exam Page Pearson VUE Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite at Pearson VUE authorized test centers |
| Pre Condition: | No mandatory prerequisites; hands-on experience with Oracle Financials Cloud recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-payables-2019-implementation-essentials/pexam_1Z0-1055 |
Oracle 1Z0-1055 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Reporting, Reconciliation and Period Close | 15% | - Use Payables Standard Reports - Explain Integrated Imaging Solutions - Use BI Publisher and OTBI Reporting - Manage Period Close Process - Perform Payables to Ledger Reconciliation |
| Payables Setups | 20% | - Manage Reference Data Sets - Configure Business Units - Manage Supplier Master Data - Define Subledger Accounting - Configure Payables System Options |
| Expense Management | 15% | - Process Expense Reimbursements - Integrate Expenses with Payables - Configure Expense Policies - Enter and Audit Expense Reports - Manage Expense Approvals |
| Payments Configuration and Processing | 25% | - Account for Payments - Create and Process Payments - Setup Payment Methods and Formats - Manage Bank Accounts and Payment Systems - Manage Payment Approvals and Security |
| Invoice Processing | 25% | - Apply Holds and Releases - Process Withholding and Income Tax - Perform Invoice Validation - Manage Invoice Matching - Create and Enter Invoices |
Answers to Your Oracle Financials Cloud: Payables 2019 Implementation Essentials Questions
No mandatory prerequisites; hands-on experience with Oracle Financials Cloud recommended Eligibility details like these are worth double-checking before you register — vendors revise them periodically, and the official exam page (official 1Z0-1055 exam page) always has the current version.
The official Oracle Financials Cloud: Payables 2019 Implementation Essentials outline has 5 domains — the biggest include Expense Management (15%), Invoice Processing (25%), Payments Configuration and Processing (25%). Those weightings are your study compass: the largest domains hide the most points. See the full outline above for every subtopic.
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The exam is offered Online proctored or onsite at Pearson VUE authorized test centers, so decide which arrangement suits you before picking a date.
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The pass mark is 61% - 66%, and the official fee is USD 245. That fee resets to full price on every retake, so the real money-saver is preparation — run the 113 practice questions from BraindumpsIT until passing becomes routine, then book your seat.
Are there official courses for the Oracle Financials Cloud: Payables 2019 Implementation Essentials?
The vendor recommends:
Classroom hours alone won't tell you if you're ready — the 1Z0-1055 practice questions from BraindumpsIT will. Use them after the coursework to convert knowledge into exam performance.
The Oracle Financials Cloud: Payables 2019 Implementation Essentials is Oracle's official exam for the Oracle Financials Cloud: Payables 2019 Certified Implementation Specialist certification, a Specialist-level credential. Candidates take it to validate real skill — and employers read it exactly that way. It also connects to related credentials such as Oracle Financials Cloud: General Ledger 2019 Implementation Essentials, Oracle Financials Cloud: Receivables 2019 Implementation Essentials, Oracle Financials Cloud: Expenses 2019 Implementation Essentials.
The exam gives you 105 - 120 for 68 - 70 questions. The candidates who struggle aren't usually short on knowledge — they're short on pacing. Fix that before test day: set a time budget per question, practice moving past hard items without stalling, and rehearse full timed sessions in the BraindumpsIT engine until the clock stops being a factor.
Oracle Financials Cloud: Payables 2019 Implementation Essentials Sample Questions:
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. Supplier Site
- C. Disbursement Bank Account
- D. Payment Method
- E. Payment Format
Correct Answer: D 🗳️
Identify two ways the invoice imaging solution works in the Cloud. (Choose two.)
- A. Customers ask their suppliers to scan and email the invoice.
- B. Customers scan and store the invoice images on-premise and attach them during invoice entry.
- C. Customers ask suppliers to send electronic invoices.
- D. Customers scan the invoice on-premise and email the images.
- E. Customers cannot use invoice imaging in the Cloud.
Correct Answer: A,D 🗳️
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 Invoice Options and Manage common options for Payables and Procurement
- C. Manage common options for Payables and Procurement and Manage Procurement agents
- D. Manage Payable Options and Manage Invoice Options
- E. Manage Invoice Options and Manage Procurement agents
Correct Answer: D 🗳️
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What are the two advantages of using a spreadsheet for correcting invoice import errors? (Choose two.)
- A. ability to correct errors within the spreadsheet and send invoice corrections for approval
- B. ability to correct errors and re-import invoices directly from a spreadsheet
- C. ability to enter a high volume of invoices via a spreadsheet
- D. identification of errors with clear error messages at the invoice header and line levels
- E. identification of errors with clear error messages at the invoice header level only
Correct Answer: B,C 🗳️
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You have invoices with distributions across primary balancing segments that represent different companies.
What feature should you use if you want the system to automatically balance your invoice's liability amount across the same balancing segments on the invoice distributions?
- A. Subledger Accounting's Account Rules
- B. Suspense Accounts
- C. Intercompany Balancing
- D. Payable's Automatic Offset
- E. Payables' Allow Reconciliation Accounting
Correct Answer: C 🗳️
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