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Oracle 1Z0-1055-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Accounting and Reporting | 25% | - Create accounting for invoices and payments - Configure accounting and chart of accounts - Generate Payables reports - Review journal entries and account analysis |
| Payables Options and Security | 15% | - Define validation and tax controls - Define Payables Options - Implement security |
| Invoices | 25% | - Process invoice approvals - Create and manage invoices - Define matching options - Create one-time suppliers - Create and validate invoices - Enter imported invoices |
| Suppliers and Supplier Sites | 15% | - Create and manage supplier sites - Create and maintain suppliers - Define supplier classifications |
| Payments | 20% | - Process manual and automatic payments - Process payment files and reports - Define payment terms and payment formats - Set up payment documents |
Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:
1. 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 has been partially paid by another payment.
C) The invoice is already on hold.
D) The invoice date is not in the current open period.
2. You have created an approval rule as follows:
Rule 1: If the invoice amount > $1000, route it to User 1.
Rule 2: If the invoice amount < $1000, auto approve it.
Now, the user creates an invoice for $1000 and routes it for approval. What will happen?
A) Invoice will not be processed.
B) The system will issue an error message after the approval has been initiated.
C) Invoice will be auto-approved.
D) Invoice will be sent to User 1 for approval.
3. Which component is not included in the security architecture for credit card data and bank account data encryption?
A) Supplier master encryption key
B) Oracle Wallet
C) Payments subkeys
D) Sensitive data encryption and storage
E) Payments master encryption key
4. You have invoices with distributions across primary balancing segments that represent different companies.
What feature should you use if you want the system to automatically balance your invoice's liability amount across the same balancing segments on the invoice distributions?
A) Subledger Accounting's Account Rules
B) Payables' Allow Reconciliation Accounting
C) Payable's Automatic Offset
D) Intercompany Balancing
E) Suspense Accounts
5. Which attributes on the payables invoice can be used during approval rule creation?
A) company segment, cost center segment, supplier, and Attribute 1 on the invoice line
B) supplier only
C) company and cost center segment only
D) cost center segment and supplier only
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: A |
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