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Oracle 1Z0-1055-21 Actual Tests : Oracle Financials Cloud: Payables 2021 Implementation Essentials

About Best Oracle 1Z0-1055-21 Exam Practice Material

The Oracle Financials Cloud: Payables 2021 Implementation Essentials exam has a reputation for tripping up even experienced professionals. Actual4test built its 1Z0-1055-21 practice test around 142 expert-verified questions so you can walk in knowing what to expect.

Oracle 1Z0-1055-21 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud Payables 2021 Implementation Essentials
Exam Number:1Z0-1055-21
Related Certifications:Oracle Cloud Financials Implementation
Oracle Financials Cloud ERP Implementation
Available Languages:English
Exam Format:Multiple Response, Multiple Choice
Exam Price:USD 245
Exam Duration:90 minutes
Recommended Training:Oracle University Financials Cloud Payables Training
Exam Registration:Oracle Certification Registration
Sample Questions:Oracle 1Z0-1055-21 Sample Questions
Exam Way:Online proctored exam via Oracle certification platform
Pre Condition:Recommended knowledge of Oracle Financials Cloud and accounting principles; prior implementation experience is beneficial.
Official Syllabus URL:https://education.oracle.com/

Oracle 1Z0-1055-21 Exam Syllabus Topics:

SectionObjectives
Suppliers and Supplier Management- Supplier setup and maintenance
  • 1. Supplier classification and controls
    • 2. Supplier profiles and sites
      Tax and Withholding- Tax configuration in Payables
      • 1. Withholding tax setup
        • 2. Tax rules and calculation
          Invoice Management- Invoice processing
          • 1. Invoice creation and validation
            • 2. Expense and recurring invoices
              • 3. Invoice matching and approvals
                Payables Setup and Configuration- Common setup for Payables
                • 1. Payables system options and configuration
                  • 2. Accounting configuration for Payables
                    Payments- Payment processing
                    • 1. Payment creation and scheduling
                      • 2. Payment reconciliation
                        • 3. Payment formats and methods
                          Integration and Automation- Payables integration
                          • 1. Integration with General Ledger
                            • 2. Workflow and approvals automation
                              Period Close and Reporting- Payables close processes
                              • 1. Period close activities
                                • 2. Invoice and payment reconciliation

                                  Oracle Financials Cloud: Payables 2021 Implementation Essentials: Your Questions, Answered

                                  The 1Z0-1055-21 exam (Oracle Financials Cloud: Payables 2021 Implementation Essentials) is the official Oracle exam that leads to the Oracle Financials Cloud Payables 2021 Implementation Essentials certification, a credential at the Professional level. Related certifications include Oracle Financials Cloud ERP Implementation, Oracle Cloud Financials Implementation. Actual4test provides 142 practice questions to help you prepare for it with confidence.

                                  Recommended knowledge of Oracle Financials Cloud and accounting principles; prior implementation experience is beneficial. Requirements can change over time, so always double-check the latest eligibility rules before you register on the official Oracle exam page.

                                  You can book your exam through the official registration channels:

                                  The exam is delivered in the following way: Online proctored exam via Oracle certification platform.

                                  Oracle recommends the following training options for this exam:

                                  Official courses build the foundation, and the 142 1Z0-1055-21 practice questions from Actual4test help you turn that knowledge into exam-day performance.

                                  Yes. Actual4test offers a free 1Z0-1055-21 PDF demo so you can check the quality of the practice questions before purchasing. After you buy, your product comes with 365 days of free updates, and if it expires you can renew the update service at a 50% discount from your member zone.

                                  Your purchase is protected by our 100% Money Back Guarantee. If you take the corresponding 1Z0-1055-21 exam within 60 days of purchase and do not pass, send us a scan of your enrollment slip and the official Score Report PDF within two days of the exam, and the full refund will be processed within seven days. The candidate name must match the payer name; exams taken within three days of purchase, free materials, and expired orders are not eligible. If you would rather not refund, you can exchange your product for two free products of equal value and keep the update service on your original purchase. Delivery itself is instant: your material is available for download and is emailed to you within one minute of payment. If nothing arrives within two hours, contact our support team. There is no limit on how many computers you may install it on.

                                  The 1Z0-1055-21 syllabus is organized into 7 exam domains. Among the first three are Tax and Withholding, Invoice Management, Suppliers and Supplier Management. For the complete breakdown of topics and subtopics, see the Exam Topics section above.

                                  Oracle Financials Cloud: Payables 2021 Implementation Essentials Sample Questions:

                                  Question 1

                                  What is the recommendation when setting up Reconciliation Rule Sets?

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


                                  Question 2

                                  What two job roles are required to access information within Functional Setup Manager? (Choose two.)

                                  A. IT Security Manager
                                  B. Any Functional User
                                  C. Application Implementation Consultant
                                  D. Functional Setup Manager Superuser
                                  E. Application Implementation Manager


                                  Question 3

                                  Identify three scenarios where you are not allowed to cancel an invoice. (Choose three.)

                                  A. The invoice is fully or partially paid.
                                  B. The invoice was adjusted by a credit or a debit memo.
                                  C. An accounting entry has been created for the invoice.
                                  D. The invoice is validated.
                                  E. Prepayments were applied to the invoice.


                                  Question 4

                                  In the implementation project, there is 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? (Choose two.)

                                  A. The original Source
                                  B. The Output types
                                  C. The Data Model
                                  D. The Style-Template
                                  E. The layout-template


                                  Question 5

                                  Which two statements are true related to configuration package? (Choose two.)

                                  A. You can export and import the allocation rules from the allocation manager.
                                  B. You can export and import the custom roles from Oracle Identity Manager.
                                  C. You can export and import the approval rules from the approval management engine.
                                  D. You can export and import selected business units.
                                  E. You can export and import selected business object services.


                                  Solutions:

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

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