Oracle 1z0-1055-20 : Oracle Financials Cloud: Payables 2020 Implementation Essentials

Pass 1z0-1055-20 Exam Cram

Exam Code: 1z0-1055-20

Exam Name: Oracle Financials Cloud: Payables 2020 Implementation Essentials

Updated: Nov 05, 2026

Q & A: 114 Questions and Answers

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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
Exam Format:Multiple Choice, Scenario-Based Questions
Passing Score:60%
Exam Price:USD 245
Related Certifications:Oracle Financials Cloud 2020 Implementation Professional
Available Languages:English, Japanese
Certificate Validity Period:Version-specific, no fixed expiration
Exam Duration:90 minutes
Recommended Training:Oracle Financials Cloud: Implementing Payables
Exam Registration:Pearson VUE
Oracle University Registration
Sample Questions:Free Download Pass 1z0-1055-20 Exam Cram
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:
SectionWeightObjectives
Topic 1: Payments Configuration and Processing25%- Execute Payment Process Requests
- Explain Payment Security and Approvals
- Setup Payments for Payables
- Configure Payment Formats
Topic 2: Reporting and Period Close15%- Explain Period Close Process
- Perform Payables to Ledger Reconciliation
- Integrated Imaging and Document Capture
- Use BIP and OTBI Reports
Topic 3: Overview and Setup20%- Manage Supplier Information
- Describe Functional Setup Manager
- Configure Business Units and Payables Options
Topic 4: Expense Management15%- Enter and Approve Expense Reports
- Manage Corporate Cards
- Process Expense Reimbursements
Topic 5: Invoicing and Accounting25%- Process Income Tax and Withholding Tax
- Configure Subledger Accounting
- Create and Account for Invoices

Answers for 1z0-1055-20 Candidates

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1z0-1055-20 requires 60% to pass, and the official exam fee is USD 245. Knowing both numbers early helps you plan your exam date and budget together.

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The 1z0-1055-20 exam contains 55 questions within 90 minutes minutes. Rehearsing under the same time limit on the Pass4cram engine builds the pacing habits you will need.

  • Payments Configuration and Processing (25%)
  • Invoicing and Accounting (25%)
  • Reporting and Period Close (15%)

Allocate your study hours in proportion to each topic's weight.

The package includes 114 practice questions for the 1z0-1055-20 exam, all with verified answers and available in three formats.

No formal prerequisites; hands-on implementation experience recommended

Oracle Financials Cloud: Payables 2020 Implementation Essentials Sample Questions:
Question #1

You have created an approval rule as follows:
Rule 1: If the invoice amount > $1000, route it to User 1.
Rule 2: If the invoice amount < $1000, auto approve it.
Now, the user creates an invoice for $1000 and routes it for approval. What will happen?

  • A. Invoice will not be processed.
  • B. The system will issue an error message after the approval has been initiated.
  • C. Invoice will be auto-approved.
  • D. Invoice will be sent to User 1 for approval.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

Which dashboard or workarea displays the Scanned Invoices region for invoices processed through the Payables Integrated Imaging solution?

  • A. Manage Invoices page
  • B. C-level executives
  • C. Payables Dashboard only
  • D. Invoices Workarea only
  • E. Payables Dashboard and Invoices Workarea
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?

  • A. information about a business object with values that are dates, Ids or text
  • B. data that provides a measure of something
  • C. data that is metric and can be added up or aggregated
  • D. values that are organized into parent-child relationships
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #4

Which three are attributes that are recognized by Invoice Imaging? (Choose three.)

  • A. Invoice Date
  • B. Invoice Number
  • C. Payment Method
  • D. PO Number
  • E. Terms Date
Reveal Solution  Discussion  0

Correct Answer: A,B,D  🗳️

Question #5

Select three reasons why you cannot close your Payables period. (Choose three.)

  • A. suppliers on payment holds
  • B. unaccounted invoices and payments
  • C. unapplied prepayments
  • D. open intercompany transactions
  • E. bills payable requiring maturity
Reveal Solution  Discussion  0

Correct Answer: B,D,E  🗳️

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