The first time you feel real exam pressure should not be on exam day. With the ActualCollection desktop and online test engines, the Oracle Financials Cloud: Payables 2020 Implementation Essentials testing environment, timing included, becomes familiar territory long before you sit for 1z0-1055-20.
Oracle 1z0-1055-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2020 Implementation Essentials |
| Exam Number: | 1Z0-1055-20 |
| Exam Format: | Multiple Choice, Scenario-Based Questions |
| Available Languages: | English, Japanese |
| Exam Price: | USD 245 |
| Certificate Validity Period: | Version-specific, no fixed expiration |
| Real Exam Qty: | 55 |
| Related Certifications: | Oracle Financials Cloud 2020 Implementation Professional |
| Passing Score: | 60% |
| Exam Duration: | 90 minutes |
| Recommended Training: | Oracle Financials Cloud: Implementing Payables |
| Exam Registration: | Oracle University Registration Pearson VUE |
| 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 |
|---|---|---|
| Expense Management | 15% | - Process Expense Reimbursements - Enter and Approve Expense Reports - Manage Corporate Cards |
| Payments Configuration and Processing | 25% | - Configure Payment Formats - Execute Payment Process Requests - Explain Payment Security and Approvals - Setup Payments for Payables |
| Overview and Setup | 20% | - Configure Business Units and Payables Options - Describe Functional Setup Manager - Manage Supplier Information |
| Reporting and Period Close | 15% | - Perform Payables to Ledger Reconciliation - Explain Period Close Process - Integrated Imaging and Document Capture - Use BIP and OTBI Reports |
| Invoicing and Accounting | 25% | - Create and Account for Invoices - Process Income Tax and Withholding Tax - Configure Subledger Accounting |
Oracle 1z0-1055-20 Certification Exam Q&A
Oracle Financials Cloud: Payables 2020 Implementation Essentials is an official Oracle exam, registered under the code 1z0-1055-20. A passing score earns you the Oracle Financials Cloud: Payables 2020 Certified Implementation Professional certification, positioned at the Professional level. The credential also connects to Oracle Financials Cloud 2020 Implementation Professional, so it can anchor a broader certification path. Because Oracle designs its exams around real job tasks, holding this certification signals practical skill rather than memorized theory.
Candidates face 55 questions inside a 90 minutes window on the Oracle Financials Cloud: Payables 2020 Implementation Essentials exam. That ratio leaves little slack, which is why pacing deserves as much practice as the content itself. Learn to budget your minutes, park stubborn questions instead of wrestling them, and rehearse under a real clock: a few timed runs in the ActualCollection test engine will make the official time limit feel routine rather than threatening.
The passing bar for Oracle Financials Cloud: Payables 2020 Implementation Essentials is set at 60%, and registering for the exam officially costs USD 245. There is no reduced price for a second try: fail, and you pay USD 245 in full again. That makes honest self-testing the cheapest insurance available, so hold off on booking until your ActualCollection practice scores sit clearly above the passing line, attempt after attempt.
No formal prerequisites; hands-on implementation experience recommended
Vendor policies are revised from time to time, so double-check the eligibility details before registering on the official exam page.
Sign-up for the Oracle Financials Cloud: Payables 2020 Implementation Essentials exam is handled through the official registration channels listed here.
One practical detail: the exam is delivered Online proctored or onsite at Pearson VUE testing centers, so plan your logistics accordingly.
Oracle recommends the following training resources for candidates working toward Oracle Financials Cloud: Payables 2020 Implementation Essentials.
Training gives you the theory, but repetition locks it in. Pair any course with the 114 practice questions in the ActualCollection 1z0-1055-20 package and you will know exactly how each topic shows up on exam day.
Absolutely. A free PDF demo of the Oracle Financials Cloud: Payables 2020 Implementation Essentials questions is available at ActualCollection, so you can inspect the quality and formatting before any money changes hands. Once you buy, updates are free for 365 days, and when that period runs out you can extend the update service at 50% off the regular price.
ActualCollection offers a 100% money-back guarantee with specific conditions. If you take the Oracle Financials Cloud: Payables 2020 Implementation Essentials exam within 60 days of purchase and fail, you may claim a full refund, provided the exam matches your product. Sitting the exam within 3 days of purchase disqualifies a claim, as do downloaded-but-unused products, free materials, and expired orders; the candidate name must also match the payer name. To file, submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and the claim is processed within 7 days. If you prefer, you can skip the refund and instead receive two other exam products of equal value at no charge while keeping the update service on your original purchase.
As for delivery: it is immediate. Your files become downloadable the moment payment completes and are also emailed to you within one minute. If nothing shows up within 2 hours, contact customer service. You may install the software on an unlimited number of computers.
Oracle Financials Cloud: Payables 2020 Implementation Essentials is divided into 5 official domains. Among the headline areas are Reporting and Period Close (15%), Payments Configuration and Processing (25%), and Overview and Setup (20%). Scroll up to the exam topics section for the full breakdown, and use it as a checklist: any line you cannot confidently explain deserves another round of practice.
Oracle Financials Cloud: Payables 2020 Implementation Essentials Sample Questions:
Question 1
What are the output formats supported for Electronic and Check format programs?
A. Electronic output format of eText, Check output format of rtf
B. Electronic output format of DATA (csv), Check output format of Zipped PDFs
C. Electronic output format of PDF, Check output format of PDF
D. Electronic output format of XML, Check output format of rtf
E. Electronic output format of Text, Check output format of Text
Question 2
Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation. (Choose two.)
A. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.
B. Business units must be granted access to the bank account.
C. Allow bank accounts to be accessed by all roles and users because the default value to secure a bank account by users and roles is No.
D. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
E. Do not assign bank accounts to business units.
Question 3
When reviewing installments, what setup is required to override the supplier site on an invoice?
A. Allow payee to override for third-party payments while Manage Invoice options.
B. Allow the remit-to supplier address override for third-party payments at Manage Invoice options.
C. Allow the remit-to supplier override for third-party payments at Manage Invoice options.
D. Allow the remit-to supplier override for third-party payments at Manage Payment options.
Question 4
What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?
A. Credit Memo
B. Standard invoice request
C. Standard Invoice
D. iSupplier Invoice
E. Supplier payment request
Question 5
Your company policy requires that receipts be attached to expense report items before reimbursement can be made.
Which two statements are true about the association of a receipt to an expense report? (Choose two.)
A. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
B. Expenses do not create payment requests for expense reports that have missing or overdue receipts.
C. An expense report may require original, imaged, or both types of receipts.
D. Receipts are not required if the expense item falls within Per Diem Rates.
Solutions:
| Question 1 Answer: A | Question 2 Answer: B,D | Question 3 Answer: B | Question 4 Answer: B | Question 5 Answer: B,C |
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