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Oracle 1z0-1055-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2020 Implementation Essentials |
| Exam Number: | 1Z0-1055-20 |
| Real Exam Qty: | 55 |
| Passing Score: | 60% |
| Exam Duration: | 90 minutes |
| Certificate Validity Period: | Version-specific, no fixed expiration |
| Related Certifications: | Oracle Financials Cloud 2020 Implementation Professional |
| Exam Price: | USD 245 |
| Exam Format: | Multiple Choice, Scenario-Based Questions |
| Available Languages: | Japanese, English |
| Recommended Training: | Oracle Financials Cloud: Implementing Payables |
| Exam Registration: | Pearson VUE Oracle University Registration |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or onsite at Pearson VUE testing centers |
| Pre Condition: | No formal prerequisites; hands-on implementation experience recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-payables-2020-implementation-essentials/pexam_1Z0-1055-20 |
Oracle 1z0-1055-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Overview and Setup | 20% | - Manage Supplier Information - Configure Business Units and Payables Options - Describe Functional Setup Manager |
| Payments Configuration and Processing | 25% | - Explain Payment Security and Approvals - Setup Payments for Payables - Configure Payment Formats - Execute Payment Process Requests |
| Reporting and Period Close | 15% | - Perform Payables to Ledger Reconciliation - Use BIP and OTBI Reports - Integrated Imaging and Document Capture - Explain Period Close Process |
| Invoicing and Accounting | 25% | - Create and Account for Invoices - Configure Subledger Accounting - Process Income Tax and Withholding Tax |
| Expense Management | 15% | - Manage Corporate Cards - Process Expense Reimbursements - Enter and Approve Expense Reports |
Oracle 1z0-1055-20 Exam: Everything You Wanted to Ask
The 1z0-1055-20 exam is the official Oracle exam for Oracle Financials Cloud: Payables 2020 Implementation Essentials. Passing it earns you the Oracle Financials Cloud: Payables 2020 Certified Implementation Professional credential, which sits at the Professional level. It is also connected to Oracle Financials Cloud 2020 Implementation Professional, so what you learn carries over if you plan to pursue those paths as well. Employers treat the certification as verified proof of skill, which is why structured preparation with 2Pass4sure's practice questions pays off.
The 1z0-1055-20 exam contains 55 questions, and the time limit is 90 minutes. Translate that into a pacing plan before exam day: know roughly how long you can afford per item, flag anything that stalls you, and circle back at the end instead of burning minutes. Two or three full timed sessions in 2Pass4sure's test engine will teach you that rhythm far better than untimed reading ever will.
The passing score for the 1z0-1055-20 exam is 60%, and the official registration fee is USD 245. Remember that a failed attempt means paying that fee again in full for a retake, so treat self-assessment as part of the budget: run 2Pass4sure's practice questions under timed conditions and only book your seat once your scores sit comfortably above the passing bar.
No formal prerequisites; hands-on implementation experience recommended Eligibility details can change, so before you register, confirm the current requirements on the official exam page: https://education.oracle.com/oracle-financials-cloud-payables-2020-implementation-essentials/pexam_1Z0-1055-20.
You can book the 1z0-1055-20 exam through the official registration channels below:
Exam delivery method: Online proctored or onsite at Pearson VUE testing centers.
Oracle points candidates to the following official training options:
Once the coursework has built your foundation, the fastest way to turn theory into exam readiness is drilling with 2Pass4sure's 114 practice questions for the Oracle Financials Cloud: Payables 2020 Implementation Essentials exam.
Yes. 2Pass4sure offers a free PDF demo of the Oracle Financials Cloud: Payables 2020 Implementation Essentials practice questions on the samples page, so you can judge the format and quality yourself before paying anything. Every purchase also includes 365 days of free updates, and after the product expires you can extend the update service at a 50% discount from within your member zone.
If you take the corresponding exam within 60 days of purchase and do not pass, 2Pass4sure backs you with a 100% money-back guarantee. To claim it, submit a scanned copy of your exam enrollment slip together with your official Score Report PDF within 2 days of the exam, and the refund is processed within 7 days. The guarantee does not apply to attempts made within the first 3 days after purchase, to products downloaded without actually sitting the exam, or to free materials and expired orders, and the candidate name must match the payer's name. If you would rather have study material than money, you can instead exchange for two additional exam products of equal value, free of charge, while keeping the update service on your original purchase. Delivery itself is instant: your download is available right after payment and a copy reaches your mailbox within one minute — if nothing arrives within 2 hours, contact customer service. You may install the product on as many computers as you need.
The official Oracle Financials Cloud: Payables 2020 Implementation Essentials blueprint is organized into 5 domains. The leading areas are:
- Expense Management — 15% of the exam
- Overview and Setup — 20% of the exam
- Reporting and Period Close — 15% of the exam
For the complete domain-by-domain breakdown with every subtopic, see the Exam Topics outline above.
Oracle Financials Cloud: Payables 2020 Implementation Essentials Sample Questions:
Question 1
An invoice for $200 USD and a credit memo for $225 USD are due for payment and the "Apply credits up to zero amount" option is enabled for the payment process request. Which statement is correct?
A. The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
B. The payment process request pays only $200 USD alone.
C. The payment process request doesn't select the invoice or credit memo for payment because the credit reduces the payment to - $25 USD, which is below zero.
D. The payment process request applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.
Question 2
Select three reasons why you cannot close your Payables period. (Choose three.)
A. unapplied prepayments
B. unaccounted invoices and payments
C. open intercompany transactions
D. suppliers on payment holds
E. bills payable requiring maturity
Question 3
An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing.
What are the two possible reasons for this? (Choose two.)
A. The invoice has not been accounted.
B. The invoice needs re-validation.
C. The pay-through date is in a future period.
D. The invoice requires approval.
E. The pay-through date is in a closed Payables period.
Question 4
Which three are attributes that are recognized by Invoice Imaging? (Choose three.)
A. Terms Date
B. PO Number
C. Payment Method
D. Invoice Number
E. Invoice Date
Question 5
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 use a data access set to associate the business unit to the role.
B. Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set Assignments page.
C. Assign the Expense Auditor job role to each auditor and use segment value security rules to secure access to the business units.
D. 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.
Solutions:
| Question 1 Answer: D | Question 2 Answer: B,C,E | Question 3 Answer: B,D | Question 4 Answer: B,D,E | Question 5 Answer: D |
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