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Oracle 1Z0-1055-23 real answers - Oracle Financials Cloud: Payables 2023 Implementation Professional

1Z0-1055-23
  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
  • Updated: Jul 10, 2025
  • Q & A: 143 Questions and Answers
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Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

1. What are the two advantages of using a spreadsheet for correcting invoice import errors?

A) ability to enter a high volume of invoices via a spreadsheet
B) ability to correct errors within the spreadsheet and send invoice corrections for approval
C) identification of errors with clear error messages at the invoice header and line levels
D) ability to correct errors and re-import invoices directly from a spreadsheet
E) identification of errors with clear error messages at the invoice header level only


2. You purchased a computer from Company A for 2000 USD. Company B ships you the computer with freight charges of 100 USD. You would like the cost of the computer to include those freight charges.
How can you achieve this?

A) Choose to Match in full to the Purchase Order.
B) Choose Match to Receipt.
C) Enter the Invoice manually and add the freight line.
D) Choose to Match to Receipt Charges.
E) Choose to Match to Invoice Lines.


3. You have three procurement business units, four requisition business units and five sold-to business units. For which will the supplier registration flows be deployed?

A) one business unit per supplier
B) twelve business units per supplier
C) three procurement business units
D) five sold-to business units
E) four requisition business units


4. You have modified your tax setup and want to test the changes on actual Payables transactions. How do you validate before enabling for transaction?

A) Oracle Transactional Business Intelligence (OTBI)
B) by creating accounting in draft mode
C) by using Tax Simulator to test
D) by changing the tax status to test and then entering a payables invoice
E) by creating a payable invoice, and by validating and reviewing the tax application


5. You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit amount exceeds the invoice amount. If you enable the option to apply credits up to zero amount payment, then how will the invoice and credit memo be paid?

A) Both the invoice and credit memo are included in the payment process request for a payment amount of $0 USD. The credit memo is partially paid with a remaining credit of $25 USD.
B) Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.
C) Both the invoice and the credit memo are selected and the Payment Process Request requires attention.
D) Both the invoice and the credit memo are paid and a refund of $25 USD is created.


Solutions:

Question # 1
Answer: D,E
Question # 2
Answer: D
Question # 3
Answer: C
Question # 4
Answer: C
Question # 5
Answer: A

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