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1Z1-1055 PDF Practice Q&A's
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- Total Questions: 113
- Updated on: Sep 08, 2026
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Earning the Oracle Financials Cloud: Payables 2019 Implementation Essentials credential signals skills that employers recognize worldwide, which is exactly why the 1Z1-1055 exam is worth preparing for properly. Fast2test builds its 113 practice questions around the official outline, so your effort goes into topics that actually get tested.
Oracle 1Z1-1055 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1055 |
| Passing Score: | Oracle does not publish an exact fixed pass score (typically around 60-65%+ for Oracle Cloud exams based on community reports) |
| Exam Format: | Scenario-Based Questions, Multiple Choice, Hands-On / Practical-oriented Items (possible in Cloud exams) |
| Real Exam Qty: | Approx. 54–60 (based on Oracle Cloud practices) |
| Exam Price: | Approximately USD 245 (exam fee charged by Oracle via Pearson VUE; may vary by location/currency) |
| Exam Duration: | 90 minutes |
| Certificate Validity Period: | Certification does not expire but may be superseded by newer Oracle Cloud exam versions |
| Related Certifications: | Oracle Financials Cloud: Receivables 2019 Implementation Essentials Oracle Financials Cloud: General Ledger Cloud 2019 Implementation Essentials |
| Available Languages: | English |
| Sample Questions: | Oracle 1Z1-1055 Sample Questions |
| Exam Way: | Delivered online or onsite via Oracle's authorized testing partner (Pearson VUE) |
| Pre Condition: | No formal prerequisites; practical experience with Oracle Financials Cloud recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-payables-2019-implementation-essentials/pexam_1Z0-1055 |
Oracle 1Z1-1055 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Payables Invoices | - Create and account for invoices - Manage supplier information - Explain invoice imaging and recognition solutions |
| Reporting and Period Close | - Explain Oracle Transactional Business Intelligence (OTBI) - Use the Payables to Ledger reconciliation report - Use Business Intelligence Publisher reports |
| Configure Payables and Payments | - Set up payment and invoice configurations - Manage subledger accounting - Configure business units |
| Expenses | - Audit expenses - Manage expense reports and approvals - Handle corporate card programs |
| Payments | - Explain bank reconciliations - Configure payment options and formats - Create and process payments |
Everything You Want to Know About the Oracle Financials Cloud: Payables 2019 Implementation Essentials (1Z1-1055) Exam
The 1Z1-1055 exam, officially titled Oracle Financials Cloud: Payables 2019 Implementation Essentials, is the Oracle exam you pass to earn the Oracle Financials Cloud certification, a credential at the Implementation / Specialist level. Passing it confirms the skills defined in the official exam outline, and it is associated with related credentials such as Oracle Financials Cloud: Receivables 2019 Implementation Essentials, Oracle Financials Cloud: General Ledger Cloud 2019 Implementation Essentials.
The 1Z1-1055 exam includes Approx. 54–60 (based on Oracle Cloud practices) questions and gives you 90 minutes to finish them. That is a tight pace per question, so get used to reading each stem once, flagging anything uncertain, and moving on rather than getting stuck. Running timed practice tests in the Fast2test desktop or online test engine is the most reliable way to build that rhythm before exam day.
The passing score for the 1Z1-1055 exam is Oracle does not publish an exact fixed pass score (typically around 60-65%+ for Oracle Cloud exams based on community reports), and the official registration fee is Approximately USD 245 (exam fee charged by Oracle via Pearson VUE; may vary by location/currency) . Keep in mind that a failed attempt means paying Approximately USD 245 (exam fee charged by Oracle via Pearson VUE; may vary by location/currency) again in full to retake it, so book your slot only when your scores on Fast2test practice tests sit consistently above the passing line.
Oracle lists the following prerequisites or eligibility notes for the 1Z1-1055 exam: No formal prerequisites; practical experience with Oracle Financials Cloud recommended. Requirements can change over time, so confirm the details on the official exam page at Oracle's official site before you register.
Yes. Fast2test offers a free PDF demo of the 1Z1-1055 material, so you can check the question style and answer quality before purchasing. Every purchase also includes 365 days of free updates, and if your product expires you can extend the update service at a 50% discount from your member zone.
Your purchase is protected by a 100% Money Back Guarantee with clear conditions: if you take the corresponding 1Z1-1055 exam within 60 days of purchase and do not pass, you can apply for a full refund. The candidate name must match the payer name, and you need to submit a scanned exam enrollment slip together with the official Score Report PDF within 2 days of taking the exam; claims are processed within 7 days. Sitting the exam within 3 days of purchase, downloading without taking the exam, free materials, and expired orders are not covered. If you would rather not take a refund, you can exchange your order for two free exam products of equal value and keep the update service on your original purchase.
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The 1Z1-1055 exam blueprint is divided into 5 domains, starting with Payments; Reporting and Period Close; Configure Payables and Payments. For the complete domain-by-domain breakdown, see the Exam Topics section above — it lists every topic the current outline covers.
Oracle Financials Cloud: Payables 2019 Implementation Essentials Sample Questions:
During your business trip to the UK, you took a taxi ride and paid for it by using your personal Visa credit card. While entering your expenses, you get a warning that a different conversion rate was applied to the taxi expense by Visa that the one used by your company.
How do you handle this situation?
- A. Do not enter the taxi expense and call your Finance Department so that they can make changes in the conversion rate settings and you do not violate the allowable limit.
- B. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to get a revised statement.
- C. Use the corporate-defined conversion rate even if it means you will not be reimbursed fully.
- D. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.
Correct Answer: D 🗳️
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).
What is the result of voiding a payment?
- A. A bills payable payment was created but is not yet matured.
- B. The payment is no longer valid.
- C. A stop payment request has been initiated to the bank.
- D. The payment is reconciled to the bank statement.
Correct Answer: B 🗳️
Which three are subject area subfolders that report Payables reconciliation differences to General Ledger? (Choose three.)
- A. Reconciliation Payment Details
- B. Reconciliation Invoice Hold Details
- C. Reconciliation Invoice Request Details
- D. Reconciliation Invoice Details
- E. Reconciliation Prepayment Application Details
Correct Answer: A,D,E 🗳️
A Bill Payable document was paid but has not yet matured.
What is the status of the payment?
- A. Issued
- B. In Transit
- C. Negotiable
- D. Cleared
Correct Answer: A 🗳️
Which three are invoice types that can be entered using the Supplier Portal? (Choose three.)
- A. Invoices that are created from the Evaluated Receipt Settlement (ERS) process
- B. Purchase order matched invoices
- C. B2B XML invoices
- D. Invoices that are automatically created when the supplier creates an ASN for drop shipments
- E. Non purchase order matched invoices
Correct Answer: A,B,C 🗳️
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