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Oracle 1Z0-1055-21 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud Payables 2021 Implementation Essentials |
| Exam Number: | 1Z0-1055-21 |
| Exam Price: | USD 245 |
| Exam Format: | Multiple Choice, Multiple Response |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle Financials Cloud ERP Implementation Oracle Cloud Financials Implementation |
| Available Languages: | English |
| Recommended Training: | Oracle University Financials Cloud Payables Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored exam via Oracle certification platform |
| Pre Condition: | Recommended knowledge of Oracle Financials Cloud and accounting principles; prior implementation experience is beneficial. |
| Official Syllabus URL: | https://education.oracle.com/ |
Oracle 1Z0-1055-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Period Close and Reporting | - Payables close processes
|
| Topic 2: Payables Setup and Configuration | - Common setup for Payables
|
| Topic 3: Suppliers and Supplier Management | - Supplier setup and maintenance
|
| Topic 4: Integration and Automation | - Payables integration
|
| Topic 5: Tax and Withholding | - Tax configuration in Payables
|
| Topic 6: Invoice Management | - Invoice processing
|
| Topic 7: Payments | - Payment processing
|
Oracle 1Z0-1055-21 Exam — Questions and Answers
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The Oracle Financials Cloud: Payables 2021 Implementation Essentials blueprint spans 7 domains — among them Payments, Suppliers and Supplier Management, Invoice Management. Weightings are the vendor's way of saying where points concentrate, so budget your time accordingly. The full outline above details every subtopic.
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Recommended knowledge of Oracle Financials Cloud and accounting principles; prior implementation experience is beneficial. Since vendors revise eligibility rules, confirm the current requirements on the official exam page (official 1Z0-1055-21 exam page) before registering.
Registration goes through the vendor's official channels:
The exam runs Online proctored exam via Oracle certification platform, so choose the arrangement that suits you when booking.
The Oracle Financials Cloud: Payables 2021 Implementation Essentials is Oracle's official exam for the Oracle Financials Cloud Payables 2021 Implementation Essentials certification, at the Professional level. It tests real professional knowledge and experience — that's why it's considered difficult, and why the credential means something. It also connects to related credentials like Oracle Financials Cloud ERP Implementation, Oracle Cloud Financials Implementation.
Oracle Financials Cloud: Payables 2021 Implementation Essentials Sample Questions:
Which two statements are true about processing corporate card expenses? (Choose two.)
- A. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
- B. Card transactions will be paid directly from Expenses Cloud.
- C. You can process payment for credit card using Electronic funds transfer, check, or wire.
- D. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.
- E. Usage policy for expense category tolerances does not apply to credit card expenses.
Correct Answer: A,E 🗳️
Explanation: Only visible for DumpsTorrent members. You can sign-up / login (it's free).
You have an invoice with a payment term that has the following settings:
* Day of Month = 15
* Cut off Day = 11
* Months Ahead = 0
* Terms Date on Invoice = January 12th
What will the resulting due date for the invoice installment be?
- A. February 15th
- B. March 15th
- C. January 15th
- D. April 15th
Correct Answer: A 🗳️
Identify two ways the invoice imaging solution works in the Cloud. (Choose two.)
- A. Customers cannot use invoice imaging in the Cloud.
- B. Customers ask their suppliers to scan and email the invoice.
- C. Customers scan and store the invoice images on-premise and attach them during invoice entry.
- D. Customers ask suppliers to send electronic invoices.
- E. Customers scan the invoice on-premise and email the images.
Correct Answer: B,E 🗳️
You have invoices with distributions across primary balancing segments that represent different companies.
What feature should you use if you want the system to automatically balance your invoice's liability amount across the same balancing segments on the invoice distributions?
- A. Intercompany Balancing
- B. Suspense Accounts
- C. Payables' Allow Reconciliation Accounting
- D. Subledger Accounting's Account Rules
- E. Payable's Automatic Offset
Correct Answer: E 🗳️
Explanation: Only visible for DumpsTorrent members. You can sign-up / login (it's free).
What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?
- A. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.
- B. The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.
- C. The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.
- D. The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.
Correct Answer: B 🗳️
Explanation: Only visible for DumpsTorrent members. You can sign-up / login (it's free).
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