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To prepare for the exam, candidates are encouraged to review the exam topics and study materials provided by Oracle. They may also seek out additional resources, such as online courses, study guides, and practice exams. It is recommended that candidates have practical experience working with Oracle Financials Cloud: Payables 2020 in order to gain a deeper understanding of the concepts covered on the exam.

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Oracle 1z0-1055-20 certification exam is designed for professionals who want to become certified in Oracle Financials Cloud: Payables 2020 Implementation Essentials. Oracle Financials Cloud: Payables 2020 Implementation Essentials certification is specifically designed to evaluate the skills and knowledge of individuals who are responsible for implementing and configuring the Oracle Payables Cloud solution. 1z0-1055-20 exam covers a range of topics, including setup and configuration, invoice processing, payments, and reporting.

Reference: https://education.oracle.com/oracle-financials-cloud-payables-2020-implementation-essentials/pexam_1Z0-1055-20

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Oracle 1z0-1055-20 Exam Syllabus Topics:

SectionObjectives
Topic 1: Accounting and Reporting- Payables accounting integration
  • 1. Subledger accounting rules
    • 2. Period close and reconciliation
      Topic 2: Supplier Management- Supplier setup and maintenance
      • 1. Supplier creation and sites
        • 2. Supplier classifications and controls
          Topic 3: Invoice Processing- Invoice entry and validation
          • 1. Manual and automated invoice creation
            • 2. Invoice validation and approval workflows
              Topic 4: Payables Configuration- Common setup and application configuration
              • 1. Configure accounting options
                • 2. Manage Payables options
                  Topic 5: Payments Processing- Payment setup and execution
                  • 1. Payment methods and formats
                    • 2. Payment processing and reconciliation
                      Topic 6: Controls and Automation- Automation and compliance features
                      • 1. Invoice matching and controls
                        • 2. Approval workflows

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