The 1Z1-1055 exam fee is expensive enough once; a third sitting is a budget category nobody wants. TorrentExam built its Oracle Financials Cloud: Payables 2019 Implementation Essentials practice questions so your preparation costs less than a single retake.
Oracle 1Z1-1055 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1055 |
| Exam Duration: | 90 minutes |
| Certificate Validity Period: | Certification does not expire but may be superseded by newer Oracle Cloud exam versions |
| 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) |
| Related Certifications: | Oracle Financials Cloud: General Ledger Cloud 2019 Implementation Essentials Oracle Financials Cloud: Receivables 2019 Implementation Essentials |
| 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: | Hands-On / Practical-oriented Items (possible in Cloud exams), Scenario-Based Questions, Multiple Choice |
| Available Languages: | English |
| 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 |
|---|---|
| Topic 1: Payments | - Create and process payments - Explain bank reconciliations - Configure payment options and formats |
| Topic 2: Payables Invoices | - Create and account for invoices - Manage supplier information - Explain invoice imaging and recognition solutions |
| Topic 3: Configure Payables and Payments | - Set up payment and invoice configurations - Manage subledger accounting - Configure business units |
| Topic 4: Reporting and Period Close | - Explain Oracle Transactional Business Intelligence (OTBI) - Use the Payables to Ledger reconciliation report - Use Business Intelligence Publisher reports |
| Topic 5: Expenses | - Handle corporate card programs - Audit expenses - Manage expense reports and approvals |
1Z1-1055 Exam FAQ: Before You Book Your Seat
Oracle Financials Cloud: Payables 2019 Implementation Essentials is an official Oracle exam, listed under exam code 1Z1-1055. A passing result earns you the Oracle Financials Cloud certification at the Implementation / Specialist level. It also ties into Oracle Financials Cloud: Receivables 2019 Implementation Essentials, Oracle Financials Cloud: General Ledger Cloud 2019 Implementation Essentials, extending its value across your certification roadmap. Employers read this credential as verified competence, which is why it keeps appearing in job requirements.
Expect Approx. 54–60 (based on Oracle Cloud practices) questions inside 90 minutes on the Oracle Financials Cloud: Payables 2019 Implementation Essentials exam. That pace punishes hesitation, so rehearse it: the TorrentExam software engine simulates the real exam scene, reminds you of the questions you got wrong, and pushes you to re-practice them until the clock stops being your enemy.
Passing Oracle Financials Cloud: Payables 2019 Implementation Essentials requires 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) . Retakes charge the full Approximately USD 245 (exam fee charged by Oracle via Pearson VUE; may vary by location/currency) again, which is why experienced candidates treat preparation as the cheaper exam fee. Verify your readiness with repeated TorrentExam practice scores above the requirement before you commit to a date.
No formal prerequisites; practical experience with Oracle Financials Cloud recommended
Requirements evolve, so confirm the current conditions before registering on the official exam page.
Yes. TorrentExam provides a free download demo of the Oracle Financials Cloud: Payables 2019 Implementation Essentials material, so you can check the content before choosing a version. After purchase, a one-year warranty covers you: the latest version is sent to you as it releases, free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your purchase is covered by a 100% money-back guarantee with clear conditions. Take the Oracle Financials Cloud: Payables 2019 Implementation Essentials exam within 60 days of purchase; if you fail, provide your unqualified result by submitting a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and the full refund is processed within 7 days. The exam must match your product, candidate and payer names must match, and attempts within 3 days of purchase, unused downloads, free materials, and expired orders are not covered. Alternatively, exchange for two other exam products of equal value, free, or wait for updates while keeping your original product's update service.
Delivery is instant: files unlock for download at payment and are emailed within one minute. If nothing arrives within 2 hours, check spam and contact customer service, which works 7/24 and normally replies within two hours. Installation is unlimited across your computers.
The Oracle Financials Cloud: Payables 2019 Implementation Essentials syllabus spans 5 domains, led by Reporting and Period Close, Payables Invoices, and Configure Payables and Payments. The complete topic list is published above; candidates who study the map first rarely get lost later.
Oracle Financials Cloud: Payables 2019 Implementation Essentials Sample Questions:
Which three are supported image formats for the Integrated Imaging solution? (Choose three.)
- A. PNG
- B. JPEG
- C. XLS
- D. TIFF
- E. RTF
Correct Answer: A,B,D 🗳️
You applied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of prepayment, the applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate is 10%. When you set up taxes, you choose to Recalculate Taxes for the Applied Amount Handling option.
How will the resulting tax be calculated?
- A. The tax for the prepayment is recalculated to use the new invoice tax rate that is also used for the invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -500 USD (10% * -5000).
- B. The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -250 USD (5% * -5000).
- C. The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% * 10,000-5000).
- D. The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.
Correct Answer: A 🗳️
Explanation: Only visible for TorrentExam members. You can sign-up / login (it's free).
An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you chose the "Apply Credits Up to Zero Amount" option when submitting a Payment Process Request? (Choose two.)
- A. Both the invoice and the credit memo are fully paid.
- B. Both the invoice and the credit memo are included in the Payment Process Request.
- C. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.
- D. Neither the invoice nor the credit memo is included in the Payment Process Request.
Correct Answer: B,C 🗳️
Explanation: Only visible for TorrentExam members. You can sign-up / login (it's free).
Which job role has full access to perform all Functional Setup Manager related activities?
- A. IT Security Manager
- B. Application Implementation Consultant
- C. Application System Administrator
- D. Functional Setup Manager Superuser
- E. Any Functional User
Correct Answer: B 🗳️
In what order should the import process be run when importing suppliers?
- A. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment
- B. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts
- C. Supplier, Supplier Address, Supplier Site, Supplier Site Assignments
- D. any order
Correct Answer: A 🗳️
Explanation: Only visible for TorrentExam members. You can sign-up / login (it's free).
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