Oracle 1Z0-1055-23 exam dumps - Oracle Financials Cloud: Payables 2023 Implementation Professional

  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
  • Updated: Sep 13, 2026     Q & A: 143 Questions and Answers

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1Z0-1055-23 exam dumps

Oracle 1Z0-1055-23 Exam Syllabus Topics:

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

                          Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

                          Question #1

                          A Bill Payable document was paid but has not yet matured.
                          What is the status of the payment?

                          • A. In Transit
                          • B. Issued
                          • C. Cleared
                          • D. Negotiable
                          Answer: B
                          Question #2

                          An installment for $2,000 USD is due for payment on July 31, 2018. The installment has two discounts: the first discount date is June 15, 2018 for $150 USD and the second discount date is June 30, 2018 for $50 USD.
                          You submit a Payment Process Request with the following criteria:
                          Payment Date = June 20, 2018
                          Pay Through Date = July 30, 2018
                          Date Basis = Due Date
                          What will be the resulting status of the installment and discount?

                          • A. The installment is selected and a discount of $50 USD is applied.
                          • B. The installment is selected and no discount is applied.
                          • C. The installment is selected and a discount of $150 USD is applied.
                          • D. The installment is not selected because the due date is after the Pay Through Date.
                          • E. The installment is not selected because the discount dates are before the Pay Through Date.
                          Answer: A
                          Question #3

                          What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?

                          • A. Standard Invoice
                          • B. Standard invoice request
                          • C. Supplier payment request
                          • D. iSupplier Invoice
                          • E. Credit Memo
                          Answer: C

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                          Question #4

                          A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
                          Which actions will accomplish this?

                          • A. Create a Payment Process Request template that includes the Disbursement Bank Account.
                          • B. Define the Disbursement Bank Account to the Payment Method in payment default rules.
                          • C. Define the Disbursement Bank Account to every supplier.
                          • D. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
                          • E. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.
                          Answer: A,D

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

                          Question #5

                          You applied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of prepayment, the applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate is 10%. When you set up taxes, you choose to Recalculate Taxes for the Applied Amount Handling option.
                          How will the resulting tax be calculated?

                          • A. The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% * 10,000-5000).
                          • B. The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.
                          • C. The tax for the prepayment is recalculated to use the new invoice tax rate that is also used for the invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -500 USD (10% * -5000).
                          • D. The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -250 USD (5% * -5000).
                          Answer: A

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