Oracle Financials Cloud: Payables 2024 Implementation Professional : 1Z0-1055-24

  • Exam Code: 1Z0-1055-24
  • Exam Name: Oracle Financials Cloud: Payables 2024 Implementation Professional
  • Updated: Nov 07, 2026     Q & A: 56 Questions and Answers

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About Oracle 1Z0-1055-24 Exam

Two battles, one plan: master the content, then perform under pressure. PracticeTorrent's 1Z0-1055-24 question bank handles the mastery with expert-verified answers and continuous updates in 2026 — and familiarity handles the pressure.

Oracle 1Z0-1055-24 Exam Syllabus Topics:

SectionObjectives
Payables Setup and Configuration- Financials Cloud Payables Overview
  • 1. Key roles and security setup
    • 2. Business processes in Payables
      - Supplier Configuration
      • 1. Supplier sites and controls
        • 2. Supplier creation and management
          Accounting and Reporting- Reporting and reconciliation
          • 1. Reconciliation with General Ledger
            • 2. Payables reports
              - Subledger accounting
              • 1. Journal creation and transfer to GL
                • 2. Accounting distributions
                  Payments- Payment controls and security
                  • 1. Payment approvals and limits
                    • 2. Bank integration setup
                      - Payment processing
                      • 1. Payment methods and formats
                        • 2. Payment batches and execution
                          Tax and Compliance- Tax configuration
                          • 1. Tax rules for invoices
                            • 2. Withholding tax setup
                              Invoice Management- Invoice entry and processing
                              • 1. Invoice validation rules
                                • 2. Standard and recurring invoices
                                  - Invoice matching and approvals
                                  • 1. Two-way and three-way matching
                                    • 2. Approval workflow configuration

                                      Everything a Oracle Financials Cloud: Payables 2024 Implementation Professional Candidate Needs to Know

                                      The Oracle Financials Cloud: Payables 2024 Implementation Professional blueprint is structured around these main domains:

                                      • Invoice Management
                                      • Accounting and Reporting
                                      • Tax and Compliance

                                      Additional domains complete the official outline — our question bank spans the full set.

                                      According to the latest exam information, the 1Z0-1055-24 exam contains 55-70 questions with a 90 minutes-minute limit. Since performance on the day matters as much as preparation, timed practice under these exact conditions is time well spent.

                                      Oracle points candidates toward these official training options:

                                      Formal training builds the framework; consistent question practice fills it in.

                                      Upon successful payment, our system automatically emails 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; our after-sale staff is online 24 hours a day, 7 days a week. Updates are free for 365 days: our first-class experts watch the exam closely, compile every new key point and the latest question types into each new version, and send it to you automatically — even after you pass, you keep access to the field's newest information. A 50% renewal discount follows at the end of the period.

                                      Currently, the 1Z0-1055-24 exam's passing score is ~65% (Oracle scaled scoring may apply) and the registration fee is USD 245 (may vary by region/tax). Oracle owns both figures and may update them, so verify on the official site when you book.

                                      By treating preparation and performance as one campaign. The 1Z0-1055-24 bank is rebuilt around every exam change — new key points and the latest question types compiled by our first-class experts, with expert-verified answers across the Oracle Financials Cloud: Payables 2024 Implementation Professional objectives — so what you practice matches what you will face. Behind the content stands our service idea: customers' benefits first. Professionally trained after-sale staff answer 24/7, updates stay free for 365 days, and a written refund policy protects your investment throughout.

                                      Oracle specifies these prerequisites for the Oracle Financials Cloud: Payables 2024 Implementation Professional: No strict prerequisites required. Familiarity with Oracle Financials Cloud or ERP concepts is recommended..

                                      Verify the current requirements on the official certification page.

                                      Registration goes through the official channels listed here:

                                      Book a test center or online slot that fits your schedule — and leave yourself room to prepare calmly.

                                      Even a lost battle should not cost you twice. 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 receive a full refund within seven days. Exclusions: exams taken within three days of purchase, candidate names that differ from the payer, and free or expired products. Prefer to regroup? Exchange your product for two others of equal value at no charge.

                                      Oracle Financials Cloud: Payables 2024 Implementation Professional Sample Questions:

                                      Question #1

                                      You joined an OU Live Session for Oracle Financials centered on Expenses and learned about a new feature, Monthly and Lifetime Rate Limit Enforcement for Miscellaneous Policies. With this new feature, you can now enforce monthly and lifetime rate limits for miscellaneous expenses.
                                      Based on which four values did the instructor say you can configure the rate limits?

                                      • A. Currency
                                      • B. Location
                                      • C. Role
                                      • D. Expense Type
                                      • E. Enforce the same rate limit for all employees.
                                      • F. Employee Management Level
                                      • G. Exchange Rate Conversion
                                      • H. Gender
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B,C,E,G  🗳️

                                      Question #2

                                      In the implementation project you are leading, the customer has a requirement to add new transactional attributes to the Expense Approver Report workflow notification. Which two Business Intelligence catalog objects should you copy (or customize) and edit?

                                      • A. The Output types
                                      • B. The Original Source
                                      • C. The Data Model
                                      • D. The layout template
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C,D  🗳️

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

                                      Question #3

                                      Which two tools can you use to build layouts for BI Publisher reports?

                                      • A. Report Developer
                                      • B. Template Builder for Word
                                      • C. Layout Editor
                                      • D. BI Answers
                                      • E. BI Composer
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A,C  🗳️

                                      Question #4

                                      You have assisted your customer with the implementation of Oracle Intelligent document Recognition (IDR).
                                      They want to track the accuracy of the invoice line recognition for invoices processed by IDR. You introduce them to the invoice documents recognition rate report to obtain the invoice line recognition details.
                                      In which three formats is this report available?

                                      • A. Invoice Line Summary
                                      • B. Invoice Header summary
                                      • C. Invoice Line Details
                                      • D. Invoice Header Details
                                      • E. Invoice Header supplier summary
                                      • F. Invoice Summary Details
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A,D,E  🗳️

                                      Question #5

                                      During an internal audit of the expense reimbursement process, you observe a discrepancy where refunds from employees are being applied against positive payment requests. Your organization would like to keep them separate.
                                      How do you achieve this?

                                      • A. Set a specific pay group in disbursement options.
                                      • B. Set a specific pay group in the expense section of the employee record.
                                      • C. Set a specific pay group in Expense system options.
                                      • D. Set a specific pay group in payables invoice options.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

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