Oracle Financials Cloud: Payables 2018 Implementation Essentials : 1Z1-1005

1Z1-1005 real exams

Exam Code: 1Z1-1005

Exam Name: Oracle Financials Cloud: Payables 2018 Implementation Essentials

Updated: Nov 10, 2026

Q & A: 95 Questions and Answers

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Oracle 1Z1-1005 Exam Syllabus Topics:

SectionObjectives
Topic 1: Expenses Management- Expense Processing
  • 1. Expense Auditing
  • 2. Employee Reimbursements
  • 3. Expense Reports
  • 4. Receipt Management
  • 5. Corporate Card Transactions
Topic 2: Tax and Accounting- Financial Controls
  • 1. Accounting Entries
  • 2. Subledger Accounting
  • 3. Tax Configuration
  • 4. Withholding Tax
Topic 3: Supplier and Master Data Management- Supplier Setup
  • 1. Supplier Profiles
  • 2. Supplier Sites
  • 3. Payment Terms
  • 4. Bank Accounts
Topic 4: Reporting and Period Close- Payables Reporting
  • 1. Payables Analytics
  • 2. Payables Reports
  • 3. Period Close Process
  • 4. Payables to General Ledger Reconciliation
Topic 5: Enterprise Structure and Common Financial Setup- Enterprise Structure
  • 1. Reference Data Sets
  • 2. Business Units
  • 3. Ledgers
  • 4. Legal Entities
Topic 6: Payment Processing- Payments Configuration
  • 1. Payment Reconciliation
  • 2. Payment Approval
  • 3. Payment Methods
  • 4. Electronic Payments
  • 5. Disbursement Setup
  • 6. Payment Process Requests
Topic 7: Invoice Processing- Invoice Lifecycle
  • 1. Prepayments
  • 2. Approval Management
  • 3. Invoice Holds
  • 4. Invoice Matching
  • 5. Invoice Validation
  • 6. Invoice Entry and Import

The Oracle Financials Cloud: Payables 2018 Implementation Essentials Exam: Practical Answers

The 1Z1-1005 exam is the official assessment behind the Oracle Financials Cloud: Payables 2018 Implementation Essentials certification from Oracle. In an age where technology skills need to be verifiable, a respected credential makes yours visible — it tells the market your abilities have been measured, not merely claimed. Earning it takes real preparation, and that preparation is exactly what our materials support.

Both. The 1Z1-1005 test engine works offline once you have opened it online the first time — after that initial run, your connection is optional. The PDF edition goes further for paper learners: print all of the contents and annotate them into a personal workbook. Whichever of the three versions you prefer, the Oracle Financials Cloud: Payables 2018 Implementation Essentials content inside is the same daily-checked bank.

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Passing the 1Z1-1005 exam requires 65%, and registration costs USD 245. Focused preparation with verified answers is how you make that fee a one-time expense rather than a recurring one.

The official outline divides the 1Z1-1005 exam into weighted domains, including:

  • Payment Processing ()
  • Supplier and Master Data Management ()
  • Tax and Accounting ()

The Oracle Financials Cloud: Payables 2018 Implementation Essentials bank at PassTorrent is checked against these objectives every day, with new items added as the exam evolves.

The 1Z1-1005 exam contains 80 questions with 120 minutes minutes to complete them. Timed practice under the same limit — online or offline — turns pacing into a habit before exam day.

No mandatory prerequisite exam. Oracle recommends hands-on implementation experience with Oracle Financials Cloud Payables.

Oracle Financials Cloud: Payables 2018 Implementation Essentials Sample Questions:

Question #1

You need to submit a 1099 report; your State format has changed slightly since last year. How should you submit your 1099s for the State in the current year?

  • A. Manually enter the 1099s for the State and submit.
  • B. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.
  • C. Generate a 1096 form and submit it instead.
  • D. Run and submit your 1099s because it will automatically reflect any changes.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #2

You have an invoice for a three-month lease and wish to recognize the expense monthly for the duration of the lease.
What must be entered on the invoice in order to do this?

  • A. You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.
  • B. You must provide a start date and the accrual account for the prepaid expenses in the invoice lines or distributions.
  • C. You must provide a start date, an end date, and the accrual account for the prepaid expenses in the invoice lines or distributions.
  • D. You must provide a start date and an end date for the prepaid expenses in the invoice lines or distributions.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #3

Which component is not included in the security architecture for credit card data and bank account data encryption?

  • A. Payments subkeys
  • B. Payments master encryption key
  • C. Supplier master encryption key
  • D. Oracle Wallet
  • E. Sensitive data encryption and storage
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #4

Your company policy requires imaged receipts for expense reports.
Which two statements are true about the association of a receipt to an expense report? (Choose two.)

  • A. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
  • B. Employees are not reimbursed for expense report expenditures until missing or overdue imaged receipts are submitted.
  • C. Receipts are not required if the expense item falls within Per Diem Rates.
  • D. An expense report may require original, imaged, or both types of receipts.
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

Question #5

You need to route invoices to three different approvers at the same time, and only one approver needs to approve the invoice.
Which approval ruleset should you use?

  • A. ParallelTypeParticipantInParallelModeRuleSet
  • B. InvoiceApprovalRuleSet
  • C. FyiTypeParticipantInParallelModeRuleSet
  • D. SingleTypeParticipantInParallelModeRuleSet
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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