Oracle 1Z0-1055-23 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1Z0-1055-23
Exam Name/Title: Oracle Financials Cloud: Payables 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud

Exam Questions: 143
Updated On: Jul 27, 2026

Question #10

Which method can you use to route payment approval rules?

A. Sequential

B. Parallel

C. Serial and FYI (For Your Information)

D. Both Parallel and Sequential

E. Approval Groups

Discussion 0

Correct Answer: D Vote an answer

Question #11

A company has a requirement to pay small suppliers outside of Payables, but it does not want to manually record each payment.
Which solution should you implement?

A. Create a payment by using a wire payment method for those suppliers.

B. Create payments by using the Check Payment method for those suppliers and then destroy those checks.

C. Create payments by using Electronic Funds Transfer (EFT) for those suppliers but do not send the electronic file to the bank.

D. Create payments by using a clearing payment method for thosesuppliers because this payment method does not generate a file.

Discussion 0

Correct Answer: C Vote an answer

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

Question #12

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. Create a payment process request in Payments.

B. Transfer the data to General Ledger.

C. Create Accounting for the invoice in Payables.

D. Validate the invoice in Payables.

Discussion 0

Correct Answer: D Vote an answer

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

Question #13

What are the output formats supported for Electronic and Check format programs?

A. Electronic output format of DATA (csv), Check output format of Zipped PDFs

B. Electronic output format of eText, Check output format of rtf

C. Electronic output format of PDF, Check output format of PDF

D. Electronic output format of XML, Check output format of rtf

E. Electronic output format of Text, Check output format of Text

Discussion 0

Correct Answer: E Vote an answer

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

Question #14

The Government has introduced a new reduced tax recovery rate for certain services. You need to amend the configuration for your current tax regime to reflect this change.
Which three setups will you need to complete? (Choose three.)

A. Setup a new tax rule

B. Setup a new recovery rate

C. Setup a new status

D. Setup Determining Factor and Condition Sets

E. Setup a new tax rate

F. Setup a new tax

Discussion 0

Correct Answer: C,D,E Vote an answer

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

Question #15

Which component is not included in the security architecture for credit card data and bank account data encryption?

A. Supplier master encryption key

B. Sensitive data encryption and storage

C. Payments master encryption key

D. Oracle Wallet

E. Payments subkeys

Discussion 0

Correct Answer: A Vote an answer

Question #16

Your client company wants to ensure that the payments they are sending to their financial institution are valid and formatted correctly. They would like to identify any validation failures as early in the process as possible.
Where would you suggest the validations are set?

A. Disbursement Bank Account

B. Payment Method

C. Payment Format

D. Payment Terms

E. Supplier Site

Discussion 0

Correct Answer: E Vote an answer

Question #17

Which two statements about the submission of invoices by suppliers using Supplier Portal are true?

A. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.

B. A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.

C. A supplier can submit a single invoice against multiple purchase orders, provided the currency and organization for all the invoice items are the same as those on the purchase orders.

D. A supplier can validate the invoice after submitting it.

E. A supplier can make changes to the invoice after submitting it.

Discussion 0

Correct Answer: C,D,E Vote an answer

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

Question #18

Which three are valid reasons why you cannot close your Payables period? (Choose three.)

A. Unaccounted invoices and payments

B. Unapplied prepayments

C. Bills payable requiring maturity

D. Incomplete payment files

E. Suppliers on payment holds

Discussion 0

Correct Answer: A,B,D Vote an answer

Download Free Oracle 1Z0-1055-23 Demo

Simply submit your e-mail address below to get started with our free demo of your Oracle 1Z0-1055-23 exam.