Oracle 1z0-1055-22 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1z0-1055-22
Exam Name/Title: Oracle Financials Cloud: Payables 2022 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud

Exam Questions: 142
Updated On: Aug 27, 2026

Question #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 is already on hold.

B. The invoice accounting date is not in the current open period.

C. The invoice date is not in the current open period.

D. The invoice has been partially paid by another payment.

Discussion 0

Correct Answer: D Vote an answer

Question #2

You have two business units: Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?

A. Assign the Expense Auditor job role to each auditor and associate the business unit to the role by using the Manage Data Access for Users page.

B. Assign the Expense Auditor job role to each auditor and use segment value security rules to secure access to the business units.

C. Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set Assignments page.

D. Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit to the role.

Discussion 0

Correct Answer: A Vote an answer

Question #3

Which three reports are generated by the export setup data process? (Choose three.)

A. Setup Data Report

B. Process Results Summary Report

C. Process Results Detail Listing Report

D. Exported Business Object Report

E. Process Results Report

Discussion 0

Correct Answer: A,B,E Vote an answer

Question #4

You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?

A. Run the invoice validation program.

B. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.

C. Remove the documents or payments causing the error and resume the payment process.

D. Terminate the payment process request.

E. Run the create accounting program.

Discussion 0

Correct Answer: B,C Vote an answer

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Question #5

Your company wants to generate intercompany transactions in USD but only if the amount involved is $3,000 USD or more. Which two intercompany system options are valid?

A. You cannot update the minimum transaction currency when intercompany currency is entered.

B. Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.

C. Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.

D. Set the intercompany system option minimum transaction amount to $2,999.99 USD.

E. Set the intercompany system option minimum transaction amount to $ 3,000 USD.

Discussion 0

Correct Answer: B,E Vote an answer

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Question #6

You have a high volume of invoices to enter that have similar lines and do not require extensive validation. What must you do if you want to group multiple invoices in a batch during spreadsheet entry?

A. Assign the same Invoice Header Identifier to multiple invoices you want to group.

B. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.

C. Enter a value in the Invoice Group field to group similar invoices into a batch.

D. Make sure the Invoice Number is the same.

E. Make sure all the invoice dates are the same.

Discussion 0

Correct Answer: B Vote an answer

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Question #7

The payment build program has completed but with errors.
When submitting the payment process request, which processing option is used to review the error messages from the Manage Payment Process Request Inquiry?

A. Enable debug for the payment format program.

B. Set the validation failure handling for documents to "show errors."

C. Set the validation failure handling for payments to "show errors."

D. Set the validation failure handling for payments to "stop process for review."

Discussion 0

Correct Answer: D Vote an answer

Question #8

Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose three.)

A. Pay Group Lookup Code

B. Statistical Amount

C. Accounting Date

D. Requester Name

E. Business Unit Name

Discussion 0

Correct Answer: A,C,E Vote an answer

Question #9

Which two statements are true about processing corporate card expenses? (Choose two.)

A. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.

B. You can process payment for credit card using Electronic funds transfer, check, or wire.

C. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.

D. Usage policy for expense category tolerances does not apply to credit card expenses.

E. Card transactions will be paid directly from Expenses Cloud.

Discussion 0

Correct Answer: C,D Vote an answer

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