Free Oracle 1z0-1055-20 Practice Test & Real Exam Questions

Exam Code/Number: 1z0-1055-20
Exam Name/Title: Oracle Financials Cloud: Payables 2020 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud

Exam Questions: 114
Updated On: Aug 05, 2026

Question #1

Which three are attributes that are recognized by Invoice Imaging? (Choose three.)

A. PO Number

B. Payment Method

C. Invoice Number

D. Invoice Date

E. Terms Date

Discussion 0

Correct Answer: A,C,D Vote an answer

Question #2

The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action. (Choose two.)

A. The expense report status remains Pending Payables Approval.

B. The employee must resubmit the expense report.

C. The audit can be completed before the requested information is received from the employee.

D. The expense report is routed back to the approvers.

Discussion 0

Correct Answer: A,D Vote an answer

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Question #3

While entering an expense report for your corporate card transactions, you notice that the conversion rate defined in the Manage Conversion Rates and Policies page is not used.
What is the reason?

A. You did not specify a default expense template.

B. You did not define conversion rates for your business unit.

C. Only cash transactions use those settings.

D. You did not define conversion rates in the General Ledger Cloud.

Discussion 0

Correct Answer: C Vote an answer

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Question #4

Your customer has an electronic payment format program in use and wants all the documents to use the pay group "Domestic". What should you do to achieve this?

A. Modify your template to hard code the value "Domestic" for the pay group position.

B. Define a user validation at the format program to include: Field "Document pay group", condition
"Equal to String", value "Domestic", and Field "Document pay group", condition "Required" and value
- not applicable.

C. Define a user validation at the format program to include: Field "Document pay group", condition
"Equal to String", and value "Domestic".

D. Define a user validation at the formatprogram to include: Field "Document pay group", condition
"Equal to String", value "Domestic", and Field "Format Program Code", condition "Equal to String" and value - as desired.

Discussion 0

Correct Answer: C Vote an answer

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Question #5

In what order should the import process be run when importing suppliers?

A. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts

B. any order

C. Supplier, Supplier Address, Supplier Site, Supplier Site Assignments

D. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment

Discussion 0

Correct Answer: D Vote an answer

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Question #6

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 to Receipt Charges.

B. Choose Match to Receipt.

C. Choose to Match in full to the Purchase Order.

D. Choose to Match to Invoice Lines.

E. Enter the Invoice manually and add the freight line.

Discussion 0

Correct Answer: A Vote an answer

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