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

1Z0-1055-23 real exams

Exam Code: 1Z0-1055-23

Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional

Updated: Jul 20, 2026

Q & A: 143 Questions and Answers

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Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

1. A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated.
Which two statements are true?

A) The status of the payment file is Terminated.
B) The status of each payment in the payment file is Cancelled and the related documents are available for future selection.
C) The status of the payment file is Cancelled.
D) The status of each payment in the payment file is Terminated.
E) The invoices are placed on payment hold.


2. You have invoices with distributions across primary balancing segments that represent different companies.
What feature should you use if you want the system to automatically balance your invoice's liability amount across the same balancing segments on the invoice distributions?

A) Subledger Accounting's Account Rules
B) Payables' Allow Reconciliation Accounting
C) Suspense Accounts
D) Intercompany Balancing
E) Payable's Automatic Offset


3. Your customer matches their invoices to a purchase order and have noticed that the payment terms are defaulting from the order. For some suppliers, they would like to use the payment terms from the supplier site.
How can the customer achieve this?

A) Enter the payment terms at the supplier site level so they default onto the invoice.
B) Enter the payment terms at the Supplier level so they default onto the invoice.
C) Enter the payment terms in the Manage Payment Options page so they default onto the invoice.
D) Manually override the payment terms that have defaulted from the purchase order for those suppliers.
E) Enter the payment terms in the Manage Invoice Options page so they default onto the invoice.


4. What is the recommendation when setting up Reconciliation Rule Sets?

A) One to One rules should be sequenced below rules of other types.
B) Many to Many rules should always be used first in the sequence.
C) One to One rules should be sequenced above rules of other types.
D) Many to Many rules should always be used last in the sequence.


5. Which component is not included in the security architecture for credit card data and bank account data encryption?

A) Payments master encryption key
B) Oracle Wallet
C) Sensitive data encryption and storage
D) Payments subkeys
E) Supplier master encryption key


Solutions:

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

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