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Oracle 1Z0-1055-23 Exam Syllabus Topics:

SectionWeightObjectives
Payments and Disbursements25%- Reconciliation and Accounting
  • 1. Reconcile payables to general ledger
    • 2. Account for payments, discounts, and foreign currency transactions
      - Payment Processing
      • 1. Create, approve, and issue payments
        • 2. Manage payment batches and bank accounts
          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. Enter standard invoices, credit memos, and debit memos
                • 2. Validate invoices, resolve holds, and perform matching
                  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
                          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. Integrate with other Oracle Cloud modules
                                • 2. Perform period-end close and maintenance activities

                                  Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

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

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

                                  Correct Answer: D,E,F  🗳️

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

                                  You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices?

                                  • A. Validated
                                  • B. Not Required
                                  • C. Imported
                                  • D. Not Validated
                                  • E. Needs Revalidation
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

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

                                  Which two tools can you use to build layouts for BI Publisher reports?

                                  • A. BI Composer
                                  • B. BI Answers
                                  • C. Report Developer
                                  • D. Template Builder for Word
                                  • E. Layout Editor
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B,C  🗳️

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

                                  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 the user logs out and logs back in.
                                  • C. Make sure you can query the user from the Manage Users page and verify the roles assigned.
                                  • D. Make sure you ran the Retrieve Latest LDAP Changes program.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

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

                                  After you submitted a Payment Process Request, you noticed errors. You want to void the payments. Identify two statements that indicate when it is not possible to void a payment.

                                  • A. A payment that has already cleared the bank.
                                  • B. A payment that has been accounted and posted to General Ledger.
                                  • C. A payment that pays a prepayment that has been applied to an invoice.
                                  • D. A payment for an invoice with an associated Withholding Tax invoice.
                                  • E. A payment with the status of Issued.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B,E  🗳️

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

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