Accuracy you can check before you pay. TestValid publishes a free demo of the 1Z1-1055 materials so you can verify the quality of the Oracle Financials Cloud: Payables 2019 Implementation Essentials bank yourself — download, review, decide, all on your own schedule in 2026.
Oracle 1Z1-1055 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1055 |
| Exam Price: | USD 245 |
| Passing Score: | 61% - 66% |
| Exam Duration: | 105 - 120 |
| Exam Format: | Multiple Select, Multiple Choice |
| Available Languages: | English, Japanese |
| Real Exam Qty: | 68 - 70 |
| Certificate Validity Period: | Version-specific, no fixed expiration |
| Related Certifications: | Oracle Financials Cloud: Receivables 2019 Implementation Essentials Oracle Financials Cloud: General Ledger 2019 Implementation Essentials Oracle Financials Cloud: Expenses 2019 Implementation Essentials |
| Recommended Training: | Oracle Financials Cloud: Payables Implementation Training |
| Exam Registration: | Pearson VUE Registration Oracle University Exam Page |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite at Pearson VUE authorized test centers |
| Pre Condition: | No mandatory prerequisites; hands-on 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 | Weight | Objectives |
|---|---|---|
| Payments Configuration and Processing | 25% | - Manage Bank Accounts and Payment Systems - Account for Payments - Create and Process Payments - Manage Payment Approvals and Security - Setup Payment Methods and Formats |
| Expense Management | 15% | - Process Expense Reimbursements - Enter and Audit Expense Reports - Manage Expense Approvals - Configure Expense Policies - Integrate Expenses with Payables |
| Invoice Processing | 25% | - Manage Invoice Matching - Process Withholding and Income Tax - Create and Enter Invoices - Perform Invoice Validation - Apply Holds and Releases |
| Payables Setups | 20% | - Manage Supplier Master Data - Configure Payables System Options - Manage Reference Data Sets - Define Subledger Accounting - Configure Business Units |
| Reporting, Reconciliation and Period Close | 15% | - Explain Integrated Imaging Solutions - Manage Period Close Process - Use Payables Standard Reports - Use BI Publisher and OTBI Reporting - Perform Payables to Ledger Reconciliation |
Practical Answers for Oracle Financials Cloud: Payables 2019 Implementation Essentials Candidates
At present, the 1Z1-1055 exam requires a passing score of 61% - 66% and costs USD 245 to register. Oracle controls both figures, so confirm them on the official site before you book.
The latest exam information lists 68 - 70 questions for the 1Z1-1055 exam, to be completed in 105 - 120 minutes. Rehearsing under these conditions in the online engine is the closest thing to sitting the real test.
The Oracle Financials Cloud: Payables 2019 Implementation Essentials blueprint is organized into these principal domains:
- Reporting, Reconciliation and Period Close (15%)
- Payables Setups (20%)
- Expense Management (15%)
Additional domains follow in the full official outline, and our bank spans them all.
Oracle recommends these official training options:
If formal classes fit your budget and calendar they add structure; otherwise, disciplined self-practice with a current bank covers the same ground.
A team of professional IT experts and certified trainers who focus on this exam field — and who keep the 1Z1-1055 bank under constant updating so every candidate prepares smoothly. Every answer is expert-verified, and you can check the accuracy yourself with a free demo before buying. The online test engine deserves special mention: it simulates the actual test environment, supports Windows, Mac, Android, and iOS, carries no installation limits, and lets you practice without limits of time or location — a smooth preparation process for office workers who cannot attend classes.
Upon successful payment, our system automatically sends the product to your mailbox — typically within about a minute — with an instant download link on screen. If nothing arrives within two hours, check your spam folder and contact support. Once purchased, updates are free for 365 days: whenever a new version is released, the updated 1Z1-1055 bank is sent to your email immediately. A 50% renewal discount applies after the period ends.
Oracle specifies the following prerequisites for the Oracle Financials Cloud: Payables 2019 Implementation Essentials: No mandatory prerequisites; hands-on experience with Oracle Financials Cloud recommended.
Verify the details on the official certification page before registering.
Documented and honored. If you fail the corresponding exam within 60 days of purchase, send a scanned copy of your enrollment slip and your official Score Report PDF within two days of the exam date; verified claims are refunded in full within seven days. Exclusions: exams taken within three days of purchase, candidate names that differ from the payer, and free or expired products. If you have another exam in mind, you can instead exchange your product for two others of equal value at no charge.
Registration runs through the official channels below:
Choose a test center or online appointment, and book early to keep your preparation timeline comfortable.
Oracle Financials Cloud: Payables 2019 Implementation Essentials Sample Questions:
What is the difference between subject areas that append the word "Real Time" and those that do not?
- A. The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.
- B. The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.
- C. The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.
- D. There is no difference.
Correct Answer: A 🗳️
Explanation: Only visible for TestValid members. You can sign-up / login (it's free).
Which two statements are true related to configuration package? (Choose two.)
- A. You can export and import the approval rules from the approval management engine.
- B. You can export and import selected business units.
- C. You can export and import the custom roles from Oracle Identity Manager.
- D. You can export and import the allocation rules from the allocation manager.
- E. You can export and import selected business object services.
Correct Answer: C,E 🗳️
You are using the Payable's Deferred Expense feature (also known as Multiperiod Accounting). You have entered an invoice for a three-month lease that is entered on Jan 10th. The total expense is $12,000 and it covers the rental period from Jan 1st to Mar 31st.
Assuming that the rental expenses are split evenly per month and a monthly accounting calendar is used, what would the accounting entry be?
- A. On Jan 10th, Debit Prepaid Expense for 12,000 and Credit Liability 12,000
- B. On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Jan 10th, Debit Rental Expense for 12,000 and Credit Cash for 12,000
- C. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000 and thenOn Jan 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Feb 28th, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000
- D. On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000On Feb 28th, Debit Rental Expense for 4,000 and Credit Prepared Expense for 4,000
Correct Answer: C 🗳️
A Bill Payable document was paid but has not yet matured.
What is the status of the payment?
- A. Cleared
- B. In Transit
- C. Issued
- D. Negotiable
Correct Answer: C 🗳️
A company has a requirement to pay small suppliers outside of Payables, but it does not want to manually record each payment.
Which solution should you implement?
- A. Create payments by using Electronic Funds Transfer (EFT) for those suppliers but do not send the electronic file to the bank.
- B. Create payments by using the Check Payment method for those suppliers and then destroy those checks.
- C. Create a payment by using a wire payment method for those suppliers.
- D. Create payments by using a clearing payment method for thosesuppliers because this payment method does not generate a file.
Correct Answer: C 🗳️
Explanation: Only visible for TestValid members. You can sign-up / login (it's free).
1053 Customer Reviews
