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The 1z0-1055-20 exam consists of 60 multiple-choice questions that must be answered within 105 minutes, with a passing score of 63%. 1z0-1055-20 exam is available in English and costs $245 for single attempts. Oracle recommends taking the recommended training courses and reviewing the exam topics and study guides to prepare for 1z0-1055-20 exam effectively.
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Oracle 1z0-1055-20 or the Oracle Financials Cloud: Payables 2020 Implementation Essentials Exam is a certification exam that assesses an individual's knowledge and skills in implementing the Oracle Financials Cloud: Payables solutions. It measures the ability of the candidate in understanding and configuring the payables application to support the organization's financial operations. 1z0-1055-20 exam also evaluates the knowledge of fundamental accounting concepts and the ability to implement financial management best practices.
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The Oracle 1z0-1055-20 exam covers various topics related to the implementation and use of Oracle Financials Cloud Payables, such as managing suppliers, invoice processing, payment processing, expense reporting, and accounting. It also evaluates the candidate's understanding of integration with other Oracle Cloud applications and the ability to troubleshoot issues related to Oracle Financials Cloud Payables.
| Section | Weight | Objectives |
|---|---|---|
| Expense Management | 15% | - Process Expense Reimbursements - Manage Corporate Cards - Enter and Approve Expense Reports |
| Invoicing and Accounting | 25% | - Configure Subledger Accounting - Process Income Tax and Withholding Tax - Create and Account for Invoices |
| Overview and Setup | 20% | - Configure Business Units and Payables Options - Manage Supplier Information - Describe Functional Setup Manager |
| Reporting and Period Close | 15% | - Integrated Imaging and Document Capture - Use BIP and OTBI Reports - Explain Period Close Process - Perform Payables to Ledger Reconciliation |
| Payments Configuration and Processing | 25% | - Setup Payments for Payables - Configure Payment Formats - Explain Payment Security and Approvals - Execute Payment Process Requests |
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