Pass the actual test with the help of 1z0-1055-20 study guide
Last Updated: Sep 19, 2026
No. of Questions: 114 Questions & Answers with Testing Engine
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Every candidate studies differently, so Actualtests4sure offers the Oracle Financials Cloud: Payables 2020 Implementation Essentials practice questions in three formats: a printable PDF, a desktop test engine for Windows, and an online test engine that runs in any browser. Pick the one that fits your routine and start working through 114 questions today.
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2020 Implementation Essentials |
| Exam Number: | 1Z0-1055-20 |
| Exam Format: | Multiple Choice, Scenario-Based Questions |
| Certificate Validity Period: | Version-specific, no fixed expiration |
| Available Languages: | Japanese, English |
| Related Certifications: | Oracle Financials Cloud 2020 Implementation Professional |
| Real Exam Qty: | 55 |
| Exam Duration: | 90 minutes |
| Passing Score: | 60% |
| Exam Price: | USD 245 |
| Recommended Training: | Oracle Financials Cloud: Implementing Payables |
| Exam Registration: | Pearson VUE Oracle University Registration |
| Sample Questions: | Oracle 1z0-1055-20 Sample Questions |
| Exam Way: | Online proctored or onsite at Pearson VUE testing centers |
| Pre Condition: | No formal prerequisites; hands-on implementation experience recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-payables-2020-implementation-essentials/pexam_1Z0-1055-20 |
| Section | Weight | Objectives |
|---|---|---|
| Payments Configuration and Processing | 25% | - Explain Payment Security and Approvals - Execute Payment Process Requests - Setup Payments for Payables - Configure Payment Formats |
| Invoicing and Accounting | 25% | - Create and Account for Invoices - Configure Subledger Accounting - Process Income Tax and Withholding Tax |
| Reporting and Period Close | 15% | - Perform Payables to Ledger Reconciliation - Use BIP and OTBI Reports - Integrated Imaging and Document Capture - Explain Period Close Process |
| Expense Management | 15% | - Enter and Approve Expense Reports - Manage Corporate Cards - Process Expense Reimbursements |
| Overview and Setup | 20% | - Describe Functional Setup Manager - Configure Business Units and Payables Options - Manage Supplier Information |
The Oracle 1z0-1055-20 exam, officially titled Oracle Financials Cloud: Payables 2020 Implementation Essentials, is the required test for earning the Oracle Financials Cloud: Payables 2020 Certified Implementation Professional certification, a credential at the Professional level. Passing it validates the skills Oracle expects from certified professionals, and it can also support progress toward related credentials such as Oracle Financials Cloud 2020 Implementation Professional.
The 1z0-1055-20 exam includes 55 questions, and you have 90 minutes to complete it. Before exam day, divide the available time by the question count so you know the pace you need to hold, and practice flagging time-consuming items for review instead of stalling on a single question. Timed sessions in the Actualtests4sure test engine are the easiest way to build that rhythm before it counts.
You need 60% to pass the 1z0-1055-20 exam, and the official registration fee is USD 245. Keep in mind that a failed attempt means paying that fee in full again for a retake, so avoid booking your seat on a hunch. Work through the Actualtests4sure practice test until your scores sit comfortably above the passing requirement before you schedule the exam.
Oracle asks candidates to meet the following requirement before registering: No formal prerequisites; hands-on implementation experience recommended. Exam policies do change, so confirm the latest details on the official exam page at https://education.oracle.com/oracle-financials-cloud-payables-2020-implementation-essentials/pexam_1Z0-1055-20 before you book.
You can book your seat through the official registration channels below:
The 1z0-1055-20 exam is delivered in the following format: Online proctored or onsite at Pearson VUE testing centers.
Oracle recommends the following official training for this exam:
A course builds the theory; practice turns it into exam-day performance. Once you finish a class, the 114 practice questions from Actualtests4sure show you how the same knowledge appears in exam-style items.
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The Oracle Financials Cloud: Payables 2020 Implementation Essentials exam is organized into 5 major domains. Some of the key domains include:
Scroll up to the Exam Topics section for the complete breakdown, and use it to plan how much study time each domain deserves.
You have created an approval rule as follows:
Rule 1: If the invoice amount > $1000, route it to User 1.
Rule 2: If the invoice amount < $1000, auto approve it.
Now, the user creates an invoice for $1000 and routes it for approval. What will happen?
Correct Answer: A 🗳️
You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?
Correct Answer: A,C 🗳️
Explanation: Only visible for Actualtests4sure members. You can sign-up / login (it's free).
When submitting the Payables to General Ledger Reconciliation report, the extract did not select any data.
What should you check?
Correct Answer: C 🗳️
Explanation: Only visible for Actualtests4sure members. You can sign-up / login (it's free).
Which statement is true about selecting a bank account on the Create Payment page?
Correct Answer: A 🗳️
Explanation: Only visible for Actualtests4sure members. You can sign-up / login (it's free).
You have an invoice with a payment term that has the following settings:
* Day of Month = 15
* Cut off Day = 11
* Months Ahead = 0
* Terms Date on Invoice = January 12th
What will the resulting due date for the invoice installment be?
Correct Answer: B 🗳️
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