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To pass the Oracle 1z0-1055-20 certification exam, candidates must demonstrate their proficiency in implementing Oracle Financials Cloud Payables 2020, as well as their ability to configure and manage the application effectively. Candidates must also have a good understanding of the Oracle Financials Cloud Payables application's functionality, features, and capabilities.

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Oracle 1z0-1055-20 exam includes a series of multiple-choice questions that are designed to evaluate your knowledge, skills, and experience in Oracle Financials Cloud Payables implementation. The test comprises 70 questions and has a time limit of 105 minutes. To pass the exam, you must attain a minimum score of 65%. With the certification, you'll gain the knowledge and experience needed to take on leadership roles in Oracle Payables implementation projects and earn a more significant salary.

Reference: https://education.oracle.com/oracle-financials-cloud-payables-2020-implementation-essentials/pexam_1Z0-1055-20

Oracle 1z0-1055-20 Exam Syllabus Topics:

SectionObjectives
Topic 1: Setup and Configuration- Payables configuration options
- Supplier setup and master data
- Enterprise and financial structure setup
- Invoice and distribution configuration
Topic 2: Invoice Lifecycle and Processing- Invoice entry and validation
- Invoice holds and invoice tolerances
- Expense report integration
- Invoice approval rule setup
Topic 3: Payments and Disbursements- Payment process requests
- Disbursement bank account setup
- Payment method and process profile configuration
Topic 4: Tax and Withholding- Offset tax and exempt configurations
- Tax setup for suppliers
Topic 5: Accounting and Reporting- Accounting entry creation and subledger accounting
- Reconciliation and period close

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