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Oracle 1Z0-1055-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Suppliers and Supplier Sites15%- Define supplier classifications
- Create and maintain suppliers
- Create and manage supplier sites
Topic 2: Payments20%- Process payment files and reports
- Define payment terms and payment formats
- Process manual and automatic payments
- Set up payment documents
Topic 3: Accounting and Reporting25%- Create accounting for invoices and payments
- Generate Payables reports
- Review journal entries and account analysis
- Configure accounting and chart of accounts
Topic 4: Payables Options and Security15%- Define Payables Options
- Implement security
- Define validation and tax controls
Topic 5: Invoices25%- Create one-time suppliers
- Process invoice approvals
- Create and validate invoices
- Define matching options
- Create and manage invoices
- Enter imported invoices

Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

Your client company has two business units and requires the Payables Specialist to process invoice transactions for both business units.
What setup is required to achieve this?

  • A. a Dedicated and Self-Service Service Provider Model
  • B. a Dedicated Service Provider model
  • C. a Self-Service Service Provider Model
  • D. Business Unit Security
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

You want your expense auditors to audit only expenses reports for specific business units. How do you do this?

  • A. Create your own audit extension rules that correspond to the business unit.
  • B. Create a custom duty role and assign the data roles to each auditor.
  • C. Assign the auditors' specific data roles for the corresponding business units.
  • D. Make auditors the managersof the corresponding business unit to route expense reports properly.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

Which data is visible to a Payables user in the Payables to General Ledger Reconciliation report?

  • A. Data for all business units and one balancing segment in the ledger
  • B. Data for authorized business units and GL data for all balancing segments in the ledger (unless restricted)
  • C. Data for authorized business units only; no GL data is visible
  • D. Data for all business units and all balancing segments in the ledger
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

You have an invoice with a payment term that has the following settings:
* Day of Month = 15
* Cut off Day = 11
* Months Ahead = 0
* Terms Date on Invoice = January 12th
What will the resulting due date for the invoice installment be?

  • A. March 15th
  • B. April 15th
  • C. January 15th
  • D. February 15th
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

You are voiding a payment and have selected Cancel as the Invoice Action. After performing the void, you notice the invoice is not cancelled but has an Invoice Cancel hold on it.
What is reason for this?

  • A. The invoice accounting date is not in the current open period.
  • B. The invoice is already on hold.
  • C. The invoice date is not in the current open period.
  • D. The invoice has been partially paid by another payment.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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