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

1Z0-1055-23 real exams

Exam Code: 1Z0-1055-23

Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional

Updated: Sep 12, 2026

Q & A: 143 Questions and Answers

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Oracle 1Z0-1055-23 Exam Syllabus Topics:

SectionWeightObjectives
Invoice Processing and Management25%- Invoice Entry and Validation
  • 1. Validate invoices, resolve holds, and perform matching
    • 2. Enter standard invoices, credit memos, and debit memos
      - Prepayments and Expense Invoices
      • 1. Process employee expense reports and invoices
        • 2. Apply and account for prepayments
          Reporting, Integration, and Maintenance20%- Reporting and Analytics
          • 1. Run standard payables reports and create custom reports
            • 2. Use Business Intelligence and reporting tools
              - Integration and Maintenance
              • 1. Perform period-end close and maintenance activities
                • 2. Integrate with other Oracle Cloud modules
                  Payments and Disbursements25%- Payment Processing
                  • 1. Manage payment batches and bank accounts
                    • 2. Create, approve, and issue payments
                      - Reconciliation and Accounting
                      • 1. Reconcile payables to general ledger
                        • 2. Account for payments, discounts, and foreign currency transactions
                          Payables Configuration and Setup30%- Configure Payables System Options
                          • 1. Set up payment terms, payment methods, and payment formats
                            • 2. Define tax configurations and withholding tax rules
                              - Configure Enterprise Structures
                              • 1. Define supplier master data and supplier sites
                                • 2. Set up business units, legal entities, and ledgers

                                  Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

                                  Question #1

                                  You want to customize the Payables Invoice Register template to only display invoices when the Supplier name is Company A. Supplier name is a group that repeats on every page.
                                  Which is the correct way to customize the template?

                                  • A. Insert the syntax <?if:VENDOR_NAME= 'COMPANY A'?> before the Supplier field on the template. Then, enter the <?end if?> tag after the invoices table.
                                  • B. Hard code Supplier Name "Company A" in the report template and only invoices for that supplier will be displayed.
                                  • C. Insert the syntax <?if:condition?> before the Supplier field and then enter the closing tag </<?if:condition?>.
                                  • D. Insert the syntax <?if:'COMPANY A'?> before the Supplier field and then enter the closing tag </<?if:COMPANY A?> after the invoices table.
                                  Answer: D

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

                                  Question #2

                                  A Payables user creates a manual invoice and a Withholding Tax Classification Code defaults on the invoice line when the invoice is saved.
                                  Where does this Withholding Tax Classification Code default from?

                                  • A. From the Party Tax Profile of the Third Party Site
                                  • B. From the Site Assignments of the Supplier Site
                                  • C. From the Income Tax region of the Supplier
                                  • D. From the Manage Tax Reporting and Withholding Tax Options
                                  Answer: B

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

                                  Question #3

                                  Which two statements are true about processing corporate card expenses?

                                  • A. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.
                                  • B. Card transactions will be paid directly from Expenses Cloud.
                                  • C. You can process payment for credit card using Electronic funds transfer, check, or wire.
                                  • D. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
                                  • E. Usage policy for expense category tolerances does not apply to credit card expenses.
                                  Answer: D,E

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

                                  Question #4

                                  You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit amount exceeds the invoice amount. If you enable the option to apply credits up to zero amount payment, then how will the invoice and credit memo be paid?

                                  • A. Both the invoice and the credit memo are selected and the Payment Process Request requires attention.
                                  • B. Both the invoice and the credit memo are paid and a refund of $25 USD is created.
                                  • C. Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.
                                  • D. Both the invoice and credit memo are included in the payment process request for a payment amount of $0 USD. The credit memo is partially paid with a remaining credit of $25 USD.
                                  Answer: D

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

                                  Question #5

                                  You need to create a recurring expense for one of your regular expenses.
                                  Which three are frequencies that you can choose for these types of expenses? (Choose three.)

                                  • A. Monthly
                                  • B. Annually
                                  • C. Biweekly
                                  • D. Bimonthly
                                  • E. Weekly
                                  Answer: A,D,E

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