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Oracle 1z0-1055-22 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2022 Implementation Professional |
| Exam Number: | 1Z0-1055-22 |
| Real Exam Qty: | 55 |
| Passing Score: | 63% |
| Available Languages: | English |
| Exam Price: | USD 245 |
| Exam Format: | Multiple Choice, Drag and Drop, Scenario-Based |
| Certificate Validity Period: | No fixed expiration; subject to Oracle Cloud recertification policy |
| Related Certifications: | Oracle Financials Cloud: Receivables 2022 Implementation Professional Oracle Financials Cloud: Expenses 2022 Implementation Professional Oracle Financials Cloud: General Ledger 2022 Implementation Professional |
| Exam Duration: | 90 minutes |
| Recommended Training: | Oracle Financials Cloud: Payables Implementation Training |
| Exam Registration: | Pearson VUE Registration Oracle Education |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended 6–12 months hands-on experience with Oracle Financials Cloud |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-payables-2022-implementation-professional/pexam_1Z0-1055-22 |
Oracle 1z0-1055-22 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Expenses | 15% | - Enter and Audit Expense Reports - Process Expense Reimbursements - Manage Corporate Cards - Set Up Expense Configuration |
| Topic 2: Suppliers | 15% | - Manage Supplier Sites and Contacts - Supplier Tax and Payment Setup - Create and Maintain Suppliers |
| Topic 3: Configure Payables and Payments | 20% | - Manage Business Units - Configure Payables Options - Set Up Payment Methods and Formats - Define Bank Accounts and Reconciliation |
| Topic 4: Payables Invoices | 20% | - Manage Invoice Approvals - Manage Invoice Matching and Validation - Create and Process Invoices - Use Integrated Imaging Solution |
| Topic 5: Payments | 15% | - Manage Payment Approvals - Handle Withholding and Transaction Taxes - Create and Process Payments |
| Topic 6: Accounting, Reporting and Period Close | 15% | - Generate OTBI and BIP Reports - Use Payables to Ledger Reconciliation Report - Manage Subledger Accounting - Execute Period Close Process |
1z0-1055-22 Exam FAQs: No-Nonsense Answers
The 1z0-1055-22 exam — officially the Oracle Financials Cloud: Payables 2022 Implementation Professional — is Oracle's certification exam for professionals who work with its technologies, and passing it awards the Oracle Financials Cloud: Payables 2022 Certified Implementation Professional certification at the Professional level. Vendor-issued credentials like this one remain among the clearest signals of skill a resume can carry. It also connects naturally to Oracle Financials Cloud: General Ledger 2022 Implementation Professional, Oracle Financials Cloud: Receivables 2022 Implementation Professional, Oracle Financials Cloud: Expenses 2022 Implementation Professional as a next step.
Yes — Lead1Pass offers a free PDF demo of the 1z0-1055-22 practice questions so you can inspect the question quality and verified answers before paying anything. Once you purchase, 365 days of free updates are included, and if the product expires, the update service renews at a 50% discount from your member zone.
Passing the 1z0-1055-22 exam requires 63%, and the official registration fee is USD 245. That fee buys a single attempt — a retake is charged at full price again. The smart sequence is to rehearse first: cycle through 142 practice questions at Lead1Pass under timed conditions until your scores clear the passing mark with margin, then book.
The Oracle Financials Cloud: Payables 2022 Implementation Professional blueprint comprises 6 domains, led by Configure Payables and Payments (20%), Expenses (15%), and Accounting, Reporting and Period Close (15%). The complete weighted syllabus is in the section above — accurate preparation starts with knowing exactly what the exam weights most.
Oracle recommends the following training for the Oracle Financials Cloud: Payables 2022 Implementation Professional:
Courses build understanding; carefully compiled practice builds accuracy under pressure. Combine either resource above with 142 practice questions from Lead1Pass and your preparation covers both.
No mandatory prerequisites; recommended 6–12 months hands-on experience with Oracle Financials Cloud
Vendor criteria evolve, so before you schedule anything, verify the latest requirements on the official Oracle exam page.
Registration for the Oracle Financials Cloud: Payables 2022 Implementation Professional runs through these official channels:
Worth noting when you book: the 1z0-1055-22 exam is delivered Online proctored or onsite at Pearson VUE test centers.
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Expect 55 questions inside 90 minutes on the 1z0-1055-22 exam. The clock is the quiet examiner: knowing the content is not enough if pacing fails you. Rehearse with the Lead1Pass Windows software or online engine in timed mode — the smooth, stable interface means nothing technical distracts you while you build your rhythm.
Oracle Financials Cloud: Payables 2022 Implementation Professional Sample Questions:
XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialist is unable to override the remit-to supplier name and address on the Invoice installments.
What is the reason for this?
- A. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Disbursement System Options page for the business unit.
- B. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Common Options for Payables and Procurement page for the business unit.
- C. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Invoice Options page for the business unit.
- D. The option 'Allow remit-to supplier override for third-party payments' is not checked in the Payment Options page for the business unit.
Correct Answer: C 🗳️
Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run? (Choose two.)
- A. For the Legal Jurisdiction, Legal function: "Generate intercompany invoice" should be assigned.
- B. Supplier site primary pay flag and customer account bill to primary flag should be enabled.
- C. Schedule create accounting for the intercompany process.
- D. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.
- E. Manual Approvals should be allowed for the transaction type.
- F. Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.
Correct Answer: B,F 🗳️
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You have an invoice for a three-month lease and wish to recognize the expense monthly for the duration of the lease.
What must be entered on the invoice in order to do this?
- A. You must provide a start date and the accrual account for the prepaid expenses in the invoice lines or distributions.
- B. You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.
- C. You must provide a start date and an end date for the prepaid expenses in the invoice lines or distributions.
- D. You must provide a start date, an end date, and the accrual account for the prepaid expenses in the invoice lines or distributions.
Correct Answer: B 🗳️
What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?
- A. data that is metric and can be added up or aggregated
- B. values that are organized into parent-child relationships
- C. information about a business object with values that are dates, Ids or text
- D. data that provides a measure of something
Correct Answer: C 🗳️
An installment for $2,000 USD is due for payment on July 31, 2018. The installment has two discounts: the first discount date is June 15, 2018 for $150 USD and the second discount date is June 30, 2018 for $50 USD.
You submit a Payment Process Request with the following criteria:
Payment Date = June 20, 2018
Pay Through Date = July 30, 2018
Date Basis = Due Date
What will be the resulting status of the installment and discount?
- A. The installment is not selected because the due date is after the Pay Through Date.
- B. The installment is selected and no discount is applied.
- C. The installment is selected and a discount of $150 USD is applied.
- D. The installment is not selected because the discount dates are before the Pay Through Date.
- E. The installment is selected and a discount of $50 USD is applied.
Correct Answer: A 🗳️
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