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Exam Code: 1Z0-1055-23
Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
Updated: Jul 25, 2026
Q & A: 143 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Payments | 20% | - Set up payment documents - Define payment terms and payment formats - Process payment files and reports - Process manual and automatic payments |
| Payables Options and Security | 15% | - Implement security - Define Payables Options - Define validation and tax controls |
| Invoices | 25% | - Process invoice approvals - Create and manage invoices - Create one-time suppliers - Create and validate invoices - Enter imported invoices - Define matching options |
| Accounting and Reporting | 25% | - Create accounting for invoices and payments - Review journal entries and account analysis - Configure accounting and chart of accounts - Generate Payables reports |
| Suppliers and Supplier Sites | 15% | - Define supplier classifications - Create and maintain suppliers - Create and manage supplier sites |
1. A Payables supervisor wants to apply a prepayment to an invoice.
Which combination of invoice and payment currencies allow the application of a prepayment to an invoice?
A) Standard Invoice: Invoice Currency USD, Payment Currency GBPPrepayment: Invoice Currency USD, Payment Currency AUD
B) Standard Invoice: Invoice Currency CAD, Payment Currency GBPPrepayment: Invoice Currency USD, Payment Currency AUD
C) Standard Invoice: Invoice Currency USD, Payment Currency USDPrepayment: Invoice Currency CAD, Payment Currency CAD
D) Standard Invoice: Invoice Currency USD, Payment Currency CADPrepayment: Invoice Currency CAD, Payment Currency CAD
2. Which three are supported image formats for the Integrated Imaging solution? (Choose three.)
A) TIFF
B) XLS
C) JPEG
D) PNG
E) RTF
3. Select three reasons why you cannot close your Payables period. (Choose three.)
A) suppliers on payment holds
B) unaccounted invoices and payments
C) unapplied prepayments
D) open intercompany transactions
E) bills payable requiring maturity
4. Which two tools can you use to build layouts for BI Publisher reports?
A) Layout Editor
B) BI Composer
C) BI Answers
D) Template Builder for Word
E) Report Developer
5. What is the name of the Work Area that is used to access Functional Setup Manager?
A) Setup and Maintenance
B) Functional Work Area
C) Customize Setup and Maintenance
D) Customization Manager
E) Functional Setup Manager
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B,C,E | Question # 3 Answer: B,D,E | Question # 4 Answer: C,E | Question # 5 Answer: D |
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