Oracle Financials Cloud: Payables 2020 Implementation Essentials : 1z0-1055-20

  • Exam Code: 1z0-1055-20
  • Exam Name: Oracle Financials Cloud: Payables 2020 Implementation Essentials
  • Updated: Oct 15, 2026
  • Q & A: 114 Questions and Answers

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About Oracle 1z0-1055-20 Exam Questions

Plenty of professionals know the Oracle Financials Cloud: Payables 2020 Implementation Essentials certification would help their career, yet hold back because the 1z0-1055-20 exam has a reputation for difficulty. That hesitation is understandable — and it is exactly why BraindumpsPrep lets you download a free demo of the 114 practice questions for the 1z0-1055-20 exam before you decide anything.

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:Drag and Drop, Multiple Response, Multiple Choice, Scenario-based Questions
Related Certifications:Oracle Financials Cloud Payables Implementation Specialist
Real Exam Qty:55-60
Exam Price:USD 245
Available Languages:English
Exam Duration:90 minutes
Passing Score:~68%
Certificate Validity Period:18 months
Recommended Training:Oracle Financials Cloud Payables Training
Exam Registration:Oracle Certification Registration
Sample Questions:Free Download real 1z0-1055-20 actual tests
Exam Way:Online proctored or test center delivery depending on region
Pre Condition:No strict prerequisites, but familiarity with Oracle Financials Cloud Payables implementation is recommended.
Official Syllabus URL:https://education.oracle.com

Oracle 1z0-1055-20 Exam Syllabus Topics:

SectionObjectives
Topic 1: Accounting and Reporting- Payables accounting integration
  • 1. Period close and reconciliation
    • 2. Subledger accounting rules
      Topic 2: Supplier Management- Supplier setup and maintenance
      • 1. Supplier creation and sites
        • 2. Supplier classifications and controls
          Topic 3: Controls and Automation- Automation and compliance features
          • 1. Approval workflows
            • 2. Invoice matching and controls
              Topic 4: Payables Configuration- Common setup and application configuration
              • 1. Manage Payables options
                • 2. Configure accounting options
                  Topic 5: Invoice Processing- Invoice entry and validation
                  • 1. Invoice validation and approval workflows
                    • 2. Manual and automated invoice creation
                      Topic 6: Payments Processing- Payment setup and execution
                      • 1. Payment methods and formats
                        • 2. Payment processing and reconciliation

                          Your Questions About the Oracle Financials Cloud: Payables 2020 Implementation Essentials Exam, Answered

                          The 1z0-1055-20 exam is the required test for earning the Oracle Financials Cloud: Payables 2020 Implementation Essentials certification from Oracle. It assesses your command of the official exam objectives through scenario-based and knowledge questions, and the resulting credential is widely recognized by employers. Its reputation for difficulty is real but manageable — candidates who practice consistently with quality materials routinely walk in well prepared.

                          The official outline for the 1z0-1055-20 exam highlights these domains:

                          • Accounting and Reporting ()
                          • Payments Processing ()
                          • Supplier Management ()

                          Seeing the topics laid out this way often shrinks the exam's intimidation factor — each domain is a finite, learnable block, and the Oracle Financials Cloud: Payables 2020 Implementation Essentials practice questions at BraindumpsPrep follow the same structure.

                          No strict prerequisites, but familiarity with Oracle Financials Cloud Payables implementation is recommended.

                          The 1z0-1055-20 exam is demanding, but its difficulty is specific, not mysterious: unfamiliar question formats, time pressure, and a few heavily weighted domains. All three respond to the same remedy — repeated, timed exposure to exam-style questions. That is what the Oracle Financials Cloud: Payables 2020 Implementation Essentials practice materials at BraindumpsPrep provide, and the free demo lets you measure the real difficulty yourself before committing, which is usually the moment the fear starts shrinking.

                          The 1z0-1055-20 exam consists of 55-60 questions with a time allowance of 90 minutes minutes. Practicing full sets under a similar time cap is the most direct way to make sure pacing never costs you points on exam day.

                          Oracle offers these training resources for candidates:

                          Official courses explain the material; practice questions teach you how the exam asks about it. Most successful candidates use both.

                          Because seeing beats guessing. The free demo of the 1z0-1055-20 exam materials at BraindumpsPrep contains genuine samples from the full Oracle Financials Cloud: Payables 2020 Implementation Essentials question set — same format, same expert-verified answers — and downloading it costs nothing. If you are unsure whether the materials match your level or your study style, the demo answers that question with evidence rather than marketing, and every demo on the site is free of charge.

                          The passing score is ~68% and the exam fee is USD 245. Knowing both numbers early helps you plan: aim to be consistently above the passing mark in timed practice sessions before you spend the fee on a booking.

                          Registration is available through the following official channels:

                          Many candidates find that booking a date early converts vague anxiety into a focused countdown — a useful psychological trick while working through the Oracle Financials Cloud: Payables 2020 Implementation Essentials practice questions.

                          Oracle Financials Cloud: Payables 2020 Implementation Essentials Sample Questions:

                          Question #1

                          Which two statements about the submission of invoices by suppliers using Supplier Portal are true? (Choose two.)

                          • A. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.
                          • B. A supplier can make changes to the invoice after submitting it.
                          • C. A supplier can submit a single invoice against multiple purchase orders, provided the currency and organization for all the invoice items are the same as those on the purchase orders.
                          • D. A supplier can validate the invoice after submitting it.
                          • E. A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.
                          Reveal Solution  Discussion  0

                          Correct Answer: A,B,D  🗳️

                          Explanation: Only visible for BraindumpsPrep members. You can sign-up / login (it's free).

                          Question #2

                          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 a clearing payment method for thosesuppliers because this payment method does not generate a file.
                          • 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 Electronic Funds Transfer (EFT) for those suppliers but do not send the electronic file to the bank.
                          Reveal Solution  Discussion  0

                          Correct Answer: C  🗳️

                          Explanation: Only visible for BraindumpsPrep members. You can sign-up / login (it's free).

                          Question #3

                          Which three attributes are captured during the scanning of invoice images?

                          • A. Terms Date
                          • B. Invoice Number
                          • C. Invoice Date
                          • D. PO Number
                          • E. Payment Method
                          Reveal Solution  Discussion  0

                          Correct Answer: B,C,D  🗳️

                          Explanation: Only visible for BraindumpsPrep members. You can sign-up / login (it's free).

                          Question #4

                          Which three are valid reasons why you cannot close your Payables period? (Choose three.)

                          • A. Unaccounted invoices and payments
                          • B. Incomplete payment files
                          • C. Suppliers on payment holds
                          • D. Unapplied prepayments
                          • E. Bills payable requiring maturity
                          Reveal Solution  Discussion  0

                          Correct Answer: B,C,D  🗳️

                          Question #5

                          Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?

                          • A. Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
                          • B. Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.
                          • C. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
                          • D. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
                          Reveal Solution  Discussion  0

                          Correct Answer: C  🗳️

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