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| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2023 Implementation Professional |
| Exam Number: | 1Z0-1055-23 |
| Related Certifications: | Oracle Financials Cloud Certifications Oracle ERP Cloud Financials Certifications |
| Exam Format: | Scenario-based questions, Multiple Choice |
| Exam Duration: | 90 minutes |
| Available Languages: | English |
| Recommended Training: | Oracle University Financials Cloud Payables Training |
| Exam Registration: | Oracle Certification Registration Pearson VUE Oracle Exams |
| Sample Questions: | Oracle 1Z0-1055-23 Sample Questions |
| Exam Way: | Online proctored exam via Pearson VUE or authorized testing center |
| Pre Condition: | No formal prerequisite required; recommended experience with Oracle Financials Cloud Payables implementation and configuration. |
| Official Syllabus URL: | https://education.oracle.com/oracle-certification-exams |
| Section | Objectives |
|---|---|
| Topic 1: Payables Setup and Configuration | - Payables application configuration
|
| Topic 2: Payments Processing | - Payment processing and execution
|
| Topic 3: Reporting and Period Close | - Period close activities
|
| Topic 4: Invoice Processing | - Invoice creation and validation
|
| Topic 5: Tax and Accounting Integration | - Subledger accounting integration
|
| Topic 6: Supplier Management | - Supplier setup and maintenance
|
Question 1
In what order should the import process be run when importing suppliers?
A. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
B. Supplier, Supplier Address, Supplier Site, Supplier Site Assignments
C. any order
D. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
Question 2
Your client wants the subledger journal entry description to be transferred to general ledger.
Which two could be used to enable this?
A. Set the General Ledger Journal Entry Summarization option to Summarize by general ledger period
B. Set the General Ledger Journal Entry Summarization option to Group by general ledger date
C. Set the General Ledger Journal Entry Summarization option to Summarize by general ledger date
D. Set the General Ledger Journal Entry Summarization option to Group by general ledger period
Question 3
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 the user logs out and logs back in.
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 you can query the user using Oracle Identity Manager (OIM) and the roles are assigned.
Question 4
Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation.
A. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.
B. Allow bank accounts to be accessed by all roles and users because the default value to secure a bank account by users and roles is No.
C. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
D. Business units must be granted access to the bank account.
E. Do not assign bank accounts to business units.
Question 5
You have successfully processed the expense reports for reimbursement and have transferred the information to Payables. What is the next step before you can pay them?
A. Validate the invoice in Payables.
B. Create Accounting for the invoice in Payables.
C. Create a payment process request in Payments.
D. Transfer the data to General Ledger.
Solutions:
| Question 1 Answer: B | Question 2 Answer: A,C | Question 3 Answer: B | Question 4 Answer: C,D | Question 5 Answer: A |
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