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

  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
  • Last Updated: Sep 09, 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:

SectionObjectives
Topic 1: Supplier Management- Supplier setup and maintenance
  • 1. Supplier and supplier site configuration
    • 2. Supplier validation rules
      Topic 2: Tax and Accounting Integration- Subledger accounting integration
      • 1. Accounting entries for invoices and payments
        - Tax configuration and calculation
        • 1. Tax rules in Payables
          Topic 3: Payables Setup and Configuration- Payables application configuration
          • 1. Ledger and accounting setup for Payables
            • 2. Payables options configuration
              Topic 4: Invoice Processing- Invoice creation and validation
              • 1. Invoice validation and approval workflow
                • 2. Manual and automated invoice entry
                  Topic 5: Payments Processing- Payment processing and execution
                  • 1. Payment methods and formats
                    • 2. Payment runs and settlements
                      Topic 6: Reporting and Period Close- Payables reporting
                      • 1. Standard Payables reports
                        - Period close activities
                        • 1. Reconciliation and period close process

                          Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

                          Question #1

                          Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?

                          • A. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
                          • B. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
                          • C. 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.
                          • D. 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.
                          Answer: B
                          Question #2

                          You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?

                          • A. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.
                          • B. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.
                          • C. Enter and post a manual journal entry directly into the general ledger.
                          • D. Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger's Manage Journals page and post the associated invoice journal entry.
                          Answer: D
                          Question #3

                          You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?

                          • A. Needs Revalidation
                          • B. Validated
                          • C. Not Validated
                          • D. Imported
                          • E. Not Required
                          Answer: C

                          Explanation: Only visible for BraindumpsIT members. You can sign-up / login (it's free).

                          Question #4

                          When reviewing installments, what setup is required to override the supplier site on an invoice?

                          • A. Allow the remit-to supplier override for third-party payments at Manage Payment options.
                          • B. Allow payee to override for third-party payments while Manage Invoice options.
                          • C. Allow the remit-to supplier override for third-party payments at Manage Invoice options.
                          • D. Allow the remit-to supplier address override for third-party payments at Manage Invoice options.
                          Answer: D

                          Explanation: Only visible for BraindumpsIT members. You can sign-up / login (it's free).

                          Question #5

                          Which three are attributes that are recognized by Invoice Imaging? (Choose three.)

                          • A. Invoice Number
                          • B. Terms Date
                          • C. Payment Method
                          • D. Invoice Date
                          • E. PO Number
                          Answer: A,D,E

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