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

1Z0-1055-23
  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
  • Updated: Sep 16, 2026
  • Q & A: 143 Questions and Answers
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Oracle 1Z0-1055-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Payments and Disbursements25%- Payment Processing
  • 1. Manage payment batches and bank accounts
    • 2. Create, approve, and issue payments
      - Reconciliation and Accounting
      • 1. Account for payments, discounts, and foreign currency transactions
        • 2. Reconcile payables to general ledger
          Topic 2: Payables Configuration and Setup30%- Configure Enterprise Structures
          • 1. Define supplier master data and supplier sites
            • 2. Set up business units, legal entities, and ledgers
              - Configure Payables System Options
              • 1. Define tax configurations and withholding tax rules
                • 2. Set up payment terms, payment methods, and payment formats
                  Topic 3: Reporting, Integration, and Maintenance20%- Reporting and Analytics
                  • 1. Use Business Intelligence and reporting tools
                    • 2. Run standard payables reports and create custom reports
                      - Integration and Maintenance
                      • 1. Perform period-end close and maintenance activities
                        • 2. Integrate with other Oracle Cloud modules
                          Topic 4: Invoice Processing and Management25%- Prepayments and Expense Invoices
                          • 1. Apply and account for prepayments
                            • 2. Process employee expense reports and invoices
                              - Invoice Entry and Validation
                              • 1. Validate invoices, resolve holds, and perform matching
                                • 2. Enter standard invoices, credit memos, and debit memos

                                  Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

                                  Question #1

                                  Your customer has implemented English as base language and French as a local language. The customer's bank needs the payment file to be sent to them in French. What is the relevant step to do this for preparing the payment template?

                                  • A. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.
                                  • B. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.
                                  • C. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with English locale.
                                  • D. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  Question #2

                                  What does the Place of Supply rule value "Bill to Party" imply in an Oracle Payables Invoice?

                                  • A. Location assigned to the Business Unit for the transactions
                                  • B. Location assigned to the Legal Entity for the transactions
                                  • C. Location assigned to the Legal Entity Reporting Unit for the transactions
                                  • D. Location assigned to the Supplier Party Site for the transactions
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

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

                                  Question #3

                                  In the implementation project, there is a requirement to add new transactional attributes to the Expense Approver Report workflow notification.
                                  Which two Business Intelligence catalog objects should you copy (or customize) and edit?

                                  • A. The layout-template
                                  • B. The original Source
                                  • C. The Style-Template
                                  • D. The Data Model
                                  • E. The Output types
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,C  🗳️

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

                                  Question #4

                                  Which three options are available to filter data when you submit the Prepare Payables to Ledger Reconciliation report? (Choose three.)

                                  • A. Balancing Segment Value
                                  • B. Ledger Set
                                  • C. Business Unit
                                  • D. Supplier
                                  • E. Natural Account
                                  • F. Legal Entity
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C,D,E  🗳️

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

                                  Question #5

                                  If you accidentally paid an invoice using Create Payment flow, can you undo the operation?

                                  • A. yes, by canceling the payment process from the process monitor
                                  • B. Cancel the invoice and create a new one.
                                  • C. yes, by voiding the payment created
                                  • D. no
                                  • E. yes, by creating a credit memo to offset the payment
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

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

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