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Last Updated: Oct 23, 2026

No. of Questions: 56 Questions & Answers with Testing Engine

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Make the right decision the easy way: evidence first. ActualTestsQuiz offers a free demo of the 1Z0-1055-24 materials, a written refund policy, and 365 days of free updates for the Oracle Financials Cloud: Payables 2024 Implementation Professional bank — everything you need to choose confidently in 2026.

Oracle 1Z0-1055-24 Exam Syllabus Topics:

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

                                      Clear Answers for Oracle Financials Cloud: Payables 2024 Implementation Professional Candidates

                                      Immediately and easily. Upon successful payment, our system sends the product file to your mailbox automatically — typically within about a minute — with an instant download link as well. If nothing arrives within two hours, check your spam folder and contact support. Installations are unlimited, the PDF supports printing for paper-based review, and your purchase includes 365 days of free updates: whenever the exam content changes, the latest version reaches you automatically, with a 50% renewal discount after the year ends.

                                      The Oracle Financials Cloud: Payables 2024 Implementation Professional blueprint covers these principal domains:

                                      • Payables Setup and Configuration
                                      • Payments
                                      • Tax and Compliance

                                      The remaining domains appear in the full official outline, all of which our bank addresses.

                                      As of the latest information, the passing score for the 1Z0-1055-24 exam is ~65% (Oracle scaled scoring may apply) and the fee is USD 245 (may vary by region/tax). Oracle can revise both, so confirm the current figures on the official site before registering.

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                                      Oracle recommends these official training options:

                                      Pick the course matching your experience, then reinforce it with regular question practice.

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

                                      Confirm the details on the official certification page before you book.

                                      Per current exam information, the 1Z0-1055-24 exam includes 55-70 questions and allows 90 minutes minutes. Timed practice beforehand makes the format feel routine on the day.

                                      Because every step respects your time. Buying is a simple, transparent procedure: choose your version or package, see the cost generated automatically, confirm, and order — then the materials arrive by email in about a minute. The 1Z0-1055-24 content is clear, the main points easy to acquire, and every answer expert-verified; the PDF prints for paper review. When the exam changes, our experts devote their energy to immediate research and revision, and critical comments trigger improvement measures as soon as possible. A free demo lets you run a mini-test and confirm quality first, and your personal information is protected on an integrity-based platform throughout.

                                      Oracle Financials Cloud: Payables 2024 Implementation Professional Sample Questions:

                                      Question #1

                                      Which reference data sharing method can you use for Payables Payment Terms when working with reference data sets in Payables?

                                      • A. Assignment to multiple sets with common values allowed
                                      • B. Assignment to multiple sets; no common values allowed
                                      • C. Assignment to one set only; no common values allowed
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

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                                      Question #2

                                      You have enabled Payment Approval for your Payment Process Requests (PPR). At what stage of the PPR is the payment approval process automatically triggered?

                                      • A. Build Payments
                                      • B. Review Installments
                                      • C. Create Payment Files
                                      • D. Review Proposed Payments
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

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                                      Question #3

                                      You are testing the Payables to General Ledger Reconciliation report at the ledger level for your UK Ledger.
                                      You have run and selected the extract for the report but the request returned the message: "No data to display".
                                      What is the reason for this?

                                      • A. You did not select the business units associated to the UK Ledger.
                                      • B. The reconciliation flag has not been enabled for your liability accounts.
                                      • C. You did not specify the range of liability accounts to include in the extract.
                                      • D. The financial category of Accounts Payable is not assigned to the liability accounts.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

                                      Question #4

                                      You are trying to use the Match in Full option for a purchase order, but your search for the PO is returning no results.
                                      Which two are the reasons for this?

                                      • A. The Supplier or Purchase Order is set up for self-billing
                                      • B. The match approval level is set to 4-way matching
                                      • C. The match approval level is set to 3-way matching
                                      • D. The Purchase Order is already partially matched to an invoice
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A,D  🗳️

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                                      Question #5

                                      Adaptive Intelligence (AI), integrated with Oracle Payables Cloud, supports sophisticated data science that drives early payment discount offers.
                                      Which of these is NOT a feature of early payment discounts?

                                      • A. Variable annual percentage rate (APR), based on "days paid early," is used to determine the discount amount.
                                      • B. The earlier the payment, the greater the discount.
                                      • C. Eligible discounts decrease on a sliding scale based on the supplier's discretion.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

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