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Oracle 1Z0-1055-23 Exam Syllabus Topics:

SectionWeightObjectives
Payables Configuration and Setup30%- Configure Enterprise Structures
  • 1. Set up business units, legal entities, and ledgers
    • 2. Define supplier master data and supplier sites
      - Configure Payables System Options
      • 1. Define tax configurations and withholding tax rules
        • 2. Set up payment terms, payment methods, and payment formats
          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
                  Invoice Processing and Management25%- Invoice Entry and Validation
                  • 1. Enter standard invoices, credit memos, and debit memos
                    • 2. Validate invoices, resolve holds, and perform matching
                      - Prepayments and Expense Invoices
                      • 1. Apply and account for prepayments
                        • 2. Process employee expense reports and invoices
                          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. Integrate with other Oracle Cloud modules
                                • 2. Perform period-end close and maintenance activities

                                  Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

                                  1. You purchased a computer from Company A for 2000 USD. Company B ships you the computer with freight charges of 100 USD. You would like the cost of the computer to include those freight charges.
                                  How can you achieve this?

                                  A) Enter the Invoice manually and add the freight line.
                                  B) Choose Match to Receipt.
                                  C) Choose to Match to Receipt Charges.
                                  D) Choose to Match in full to the Purchase Order.
                                  E) Choose to Match to Invoice Lines.


                                  2. You have assigned additional roles to an existing user. However, the new roles are not appearing for the user in their Navigator menu. What should you check?

                                  A) Make sure you can query the user using Oracle Identity Manager (OIM) and the roles are assigned.
                                  B) Make sure you can query the user from the Manage Users page and verify the roles assigned.
                                  C) Make sure you ran the Retrieve Latest LDAP Changes program.
                                  D) Make sure the user logs out and logs back in.


                                  3. What two job roles are required to access information within Functional Setup Manager?

                                  A) Application Implementation Consultant
                                  B) Any Functional User
                                  C) IT Security Manager
                                  D) Functional Setup Manager Superuser
                                  E) Application Implementation Manager


                                  4. Which three attributes are captured during the scanning of invoice images?

                                  A) PO Number
                                  B) Invoice Date
                                  C) Terms Date
                                  D) Payment Method
                                  E) Invoice Number


                                  5. In what order should the import process be run when importing suppliers?

                                  A) any order
                                  B) Supplier, Supplier Address, Supplier Site, Supplier Site Assignments
                                  C) Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
                                  D) Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts


                                  Solutions:

                                  Question # 1
                                  Answer: C
                                  Question # 2
                                  Answer: B
                                  Question # 3
                                  Answer: D,E
                                  Question # 4
                                  Answer: A,C,E
                                  Question # 5
                                  Answer: B

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