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Order today, study tonight. Lead2PassExam delivers your 1z0-1055-20 material to your mailbox within one minute of payment, so your Oracle Financials Cloud: Payables 2020 Implementation Essentials preparation starts the moment you decide it does.

Oracle 1z0-1055-20 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Overview and Setup20%- Describe Functional Setup Manager
- Configure Business Units and Payables Options
- Manage Supplier Information
Topic 2: Invoicing and Accounting25%- Create and Account for Invoices
- Process Income Tax and Withholding Tax
- Configure Subledger Accounting
Topic 3: Payments Configuration and Processing25%- Explain Payment Security and Approvals
- Execute Payment Process Requests
- Setup Payments for Payables
- Configure Payment Formats
Topic 4: Reporting and Period Close15%- Explain Period Close Process
- Use BIP and OTBI Reports
- Integrated Imaging and Document Capture
- Perform Payables to Ledger Reconciliation
Topic 5: Expense Management15%- Enter and Approve Expense Reports
- Process Expense Reimbursements
- Manage Corporate Cards

Before You Book the 1z0-1055-20 Exam: Key Questions

Registering for the Oracle Financials Cloud: Payables 2020 Implementation Essentials exam costs USD 245, and you need 60% to pass. One detail worth remembering: a failed attempt is not discounted — retaking the exam means paying USD 245 again in full. Use the Lead2PassExam test engine to benchmark yourself first; when your mock results consistently clear 60%, you are ready to book.

The 1z0-1055-20 exam is Oracle's official test for the Oracle Financials Cloud: Payables 2020 Certified Implementation Professional credential, a certification at the Professional level. Earning it tells employers your skills have been verified by the vendor itself, which carries real weight in hiring and promotion decisions. Within the same certification track, it sits alongside Oracle Financials Cloud 2020 Implementation Professional, so it can also serve as a stepping stone toward those credentials.

Oracle divides the Oracle Financials Cloud: Payables 2020 Implementation Essentials exam into 5 domains. The largest ones are Invoicing and Accounting at 25%, Payments Configuration and Processing at 25%, Overview and Setup at 20% — together these account for the bulk of your score, so start there. The complete domain-by-domain outline appears in the exam topics section above on this page.

Two layers of protection here. First, delivery: your 1z0-1055-20 product is available for instant download, and a copy lands in your email within one minute of payment — if 2 hours pass with nothing (check spam first), our support team will resend it. There is no cap on how many computers you can install it on. Second, the refund policy: if you take the 1z0-1055-20 exam within 60 days of purchase and fail, you may claim a full refund. The claim needs a scanned enrollment slip plus your official Score Report PDF, filed within 2 days after the exam, and it is settled within 7 days. The policy covers only the corresponding exam — attempts within 3 days of purchase, exams never actually taken, free materials, and expired orders are excluded, and the candidate's name must match the payer's. If you would rather keep studying, you can instead exchange your product for two free exam products of equal value and keep the update service on your original purchase.

You will face 55 questions in 90 minutes on the Oracle Financials Cloud: Payables 2020 Implementation Essentials exam. Do the math and the per-question budget is tight, which is why pacing drills matter as much as content review. Our advice: take two or three full timed mocks in the Lead2PassExam engine before the real thing, and practice skipping a stubborn question instead of burning five minutes on it.

Yes — Oracle lists these official training options for Oracle Financials Cloud: Payables 2020 Implementation Essentials candidates:

Formal training teaches the syllabus; then the 114 practice questions from Lead2PassExam show you whether that knowledge holds up under real exam conditions.

Of course. Lead2PassExam publishes a free PDF demo for the Oracle Financials Cloud: Payables 2020 Implementation Essentials exam so you can review real sample questions and answers first. Every purchase also includes 365 days of free updates, and after that period you can renew the update service at a 50% discount directly from your member zone.

No formal prerequisites; hands-on implementation experience recommended Eligibility rules are set by Oracle and do change from time to time, so double-check the latest requirements on the official exam page at https://education.oracle.com/oracle-financials-cloud-payables-2020-implementation-essentials/pexam_1Z0-1055-20 before you register.

Registration for the 1z0-1055-20 exam runs through these official channels:

As for how you will actually sit the exam: Online proctored or onsite at Pearson VUE testing centers. Choose whichever delivery option suits your setup when you book.

Oracle Financials Cloud: Payables 2020 Implementation Essentials Sample Questions:

When reviewing installments, what setup is required to override the supplier site on an invoice?

  • A. Allow the remit-to supplier address override for third-party payments at Manage Invoice options.
  • B. Allow payee to override for third-party payments while Manage Invoice options.
  • C. Allow the remit-to supplier override for third-party payments at Manage Invoice options.
  • D. Allow the remit-to supplier override for third-party payments at Manage Payment options.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for Lead2PassExam members. You can sign-up / login (it's free).

The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? (Choose three.)

  • A. All related withholding tax invoices are automatically voided.
  • B. Any previous accounting and payment records for an invoice are reversed.
  • C. Voiding the payment automatically places an invoice on hold.
  • D. All related interest invoices are reversed if previously created.
  • E. Any realized gain or loss previously calculated is reversed.
Reveal Solution  Discussion  0

Correct Answer: B,D,E  🗳️

Explanation: Only visible for Lead2PassExam members. You can sign-up / login (it's free).

When creating a check payment, from where is the payment document defaulted?

  • A. Legal Entity
  • B. Business Unit
  • C. Bank Account
  • D. Supplier
  • E. Bank
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for Lead2PassExam members. You can sign-up / login (it's free).

Your company policy requires that receipts be attached to expense report items before reimbursement can be made.
Which two statements are true about the association of a receipt to an expense report? (Choose two.)

  • A. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
  • B. An expense report may require original, imaged, or both types of receipts.
  • C. Receipts are not required if the expense item falls within Per Diem Rates.
  • D. Expenses do not create payment requests for expense reports that have missing or overdue receipts.
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

Explanation: Only visible for Lead2PassExam members. You can sign-up / login (it's free).

Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly?

  • A. Payables to Ledger Reconciliation report
  • B. Payables Trial Balance and General Ledger Trial Balance reports
  • C. General Ledger Financial Statements and the Accounts Payable and Invoice Registers
  • D. Payables Aging reports with the General Ledger Trial Balance report
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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