PDF Version DemoBooking the 1Z0-1055-21 exam is an investment, and a failed attempt means paying the registration fee all over again. With 142 practice questions from Getcertkey, you walk into the Oracle Financials Cloud: Payables 2021 Implementation Essentials exam knowing exactly where you stand.
Oracle 1Z0-1055-21 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2021 Implementation Essentials |
| Exam Number: | 1Z0-1055-21 |
| Passing Score: | 63% |
| Related Certifications: | Oracle Fusion Cloud Financials 2021 Implementation Specialist |
| Exam Price: | USD 245 |
| Available Languages: | English, Japanese |
| Exam Format: | Multiple Response, Multiple Choice |
| Real Exam Qty: | Approx. 70 |
| Exam Duration: | 90 minutes |
| Certificate Validity Period: | 18 months |
| Recommended Training: | Oracle Financials Cloud Learning Subscription |
| Exam Registration: | Oracle MyLearn Pearson VUE |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite at authorized test centers |
| Pre Condition: | No mandatory prerequisites; hands-on experience recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-payables-2021-implementation-essentials/pexam_1Z0-1055-21 |
Oracle 1Z0-1055-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Expense Management | 20% | - Manage Expense Approval - Process Expense Reimbursements - Enter Expense Reports - Audit Expense Reports - Manage Corporate Cards |
| Payables Configuration and Setup | 20% | - Configure Payables and Payments - Manage Business Units - Manage Suppliers - Integrated Imaging Solution |
| Invoices and Subledger Accounting | 25% | - Invoice Approvals - Create and Account for Invoices - Manage Withholding and Transaction Taxes - Manage Subledger Accounting |
| Reporting and Period Close | 15% | - OTBI and BIP Reports - Payables to Ledger Reconciliation - Period Close Process |
| Payments and Bank Reconciliation | 20% | - Manage Payment Approvals - Create and Process Payments - Bank Reconciliations |
Oracle Financials Cloud: Payables 2021 Implementation Essentials Exam FAQ: What Candidates Ask Most
What is the Oracle 1Z0-1055-21 exam?
The 1Z0-1055-21 exam is the official Oracle exam behind the Oracle Financials Cloud: Payables 2021 Certified Implementation Specialist certification, validating the skills measured by the Oracle Financials Cloud: Payables 2021 Implementation Essentials credential. It sits at the Specialist level of the Oracle certification program. It also connects to Oracle Fusion Cloud Financials 2021 Implementation Specialist, so the knowledge you build here carries over to those tracks as well.
How many questions are on the 1Z0-1055-21 exam, and how much time do I get?
The 1Z0-1055-21 exam contains Approx. 70 questions to be completed within 90 minutes. Before exam day, divide the available time by the question count to work out a comfortable per-question pace, and mark any item that eats into it so you can return later instead of getting stuck. Timed sessions in the Getcertkey test engines make that pacing automatic — run at least two full-length mock exams under the clock so time pressure never becomes the reason you drop points.
What score do I need to pass the 1Z0-1055-21 exam, and what does it cost?
The passing score for the 1Z0-1055-21 exam is 63%, and the official registration fee is USD 245. Retakes are not discounted — every new attempt means paying the full fee again — so it pays to measure yourself before you book. Work through the 142 practice questions on Getcertkey, sit a timed practice test, and schedule your exam only when your scores are consistently comfortable. That simple habit is the cheapest exam strategy there is.
Are there any prerequisites for the 1Z0-1055-21 exam?
No mandatory prerequisites; hands-on experience recommended Requirements can change when Oracle revises its certification program, so confirm the current eligibility rules on the official exam page before you register.
How do I register for the 1Z0-1055-21 exam?
You can book the Oracle Financials Cloud: Payables 2021 Implementation Essentials exam through the official registration channels below:
As for delivery, the exam is offered in the following format: Online proctored or onsite at authorized test centers. Choose the option that suits you best when you book your seat.
What official training is recommended for the 1Z0-1055-21 exam?
Oracle recommends the following training resources for the Oracle Financials Cloud: Payables 2021 Implementation Essentials exam:
Official courses build the foundation; the 142 practice questions from Getcertkey then show you how that knowledge is examined, so the two work best together.
Can I try the 1Z0-1055-21 practice questions before I buy?
Yes. Getcertkey provides a free 1Z0-1055-21 PDF demo so you can review the question style and answer quality before purchasing. Every purchase also includes 365 days of free updates — if Oracle revises the exam during that period, the updated material reaches you at no cost. Once the free-update year ends, you can extend your update service at a 50% discount.
What if I fail the 1Z0-1055-21 exam, and how is my order delivered?
Every Oracle Financials Cloud: Payables 2021 Implementation Essentials purchase on Getcertkey is covered by a 100% money-back guarantee with clear conditions: if you take the corresponding exam within 60 days of your purchase and do not pass, you can claim a full refund by submitting a scanned copy of your exam enrollment slip and your official score report as a PDF within two days of the exam date; claims are processed within seven days of submission. The guarantee does not apply to exams taken within three days of purchase, to material that was downloaded but never used in an exam attempt, or to free products and expired orders, and the candidate name must match the payer name. If you would rather not take a refund, you can instead exchange your purchase for two free exam preparation products of equal value and keep the update service on your original product.
Delivery is instant: your download is sent to your email within one minute of payment, with no limit on how many computers you may install the material on. If nothing arrives within two hours, check your spam folder and contact customer service for help.
What topics are covered in the 1Z0-1055-21 exam?
The Oracle Financials Cloud: Payables 2021 Implementation Essentials exam blueprint is organized into 5 domains. The first three are:
- Invoices and Subledger Accounting — 25% of the exam
- Expense Management — 20% of the exam
- Payables Configuration and Setup — 20% of the exam
For the complete domain-by-domain breakdown, scroll up to the full exam topics outline above and use it to plan how you distribute your study time.
Oracle Financials Cloud: Payables 2021 Implementation Essentials Sample Questions:
Question 1
You have two business units: Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?
A. Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set Assignments page.
B. Assign the Expense Auditor job role to each auditor and associate the business unit to the role by using the Manage Data Access for Users page.
C. Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit to the role.
D. Assign the Expense Auditor job role to each auditor and use segment value security rules to secure access to the business units.
Question 2
How will system evaluate the tolerances for expense reports?
A. System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100)|) currency precision.
B. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100)*currency precision.
C. System will use absolute amount tolerance setup to do validations.
D. System will calculate warning tolerance as Policy Rate * (1+Warning Tolerance/100).
E. System will calculate error tolerance as Policy Rate * (1+Warning Tolerance+ Error Tolerance/100).
Question 3
A company is centralizing their payment processing using the service provider model.
Which reporting level has to be used to run the Prepare Payables to General Ledger Reconciliation report?
A. Run the Prepare Payables to General Ledger Reconciliation report at Business Unit level.
B. Running the Prepare Payables to General Ledger Reconciliation report is NOT available when there is a centralized payment processing.
C. Run the Prepare Payables to General Ledger Reconciliation report at Ledger level.
D. Run the Prepare Payables to General Ledger Reconciliation report for combination of Ledger and Balancing Segment Value.
Question 4
Which attributes on the payables invoice can be used during approval rule creation?
A. company and cost center segment only
B. company segment, cost center segment, supplier, and Attribute 1 on the invoice line
C. cost center segment and supplier only
D. supplier only
Question 5
What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?
A. The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.
B. The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.
C. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.
D. The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.
Solutions:
| Question 1 Answer: B | Question 2 Answer: D | Question 3 Answer: A | Question 4 Answer: B | Question 5 Answer: B |
1444 Customer Reviews
Quality and ValueGetCertKey Practice Exams are written to the highest standards of technical accuracy, using only certified subject matter experts and published authors for development - no all study materials.
Tested and ApprovedWe are committed to the process of vendor and third party approvals. We believe professionals and executives alike deserve the confidence of quality coverage these authorizations provide.
Easy to PassIf you prepare for the exams using our GetCertKey testing engine, It is easy to succeed for all certifications in the first attempt. You don't have to deal with all dumps or any free torrent / rapidshare all stuff.
Try Before BuyGetCertKey offers free demo of each product. You can check out the interface, question quality and usability of our practice exams before you decide to buy.