Test points stay steady even as exam details shift, and TestPassKing has already compiled and sorted them for you. Every 2026 purchase includes 365 days of free updates to the Oracle Financials Cloud: Payables 2021 Implementation Essentials practice questions.
Oracle 1Z0-1055-21 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2021 Implementation Essentials |
| Exam Number: | 1Z0-1055-21 |
| Exam Price: | USD 245 |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Passing Score: | 68% |
| Exam Format: | Multiple Answer, Multiple Choice |
| Real Exam Qty: | 55 |
| Related Certifications: | Oracle Financials Cloud: Payables 2021 Certified Implementation Specialist |
| Sample Questions: |  |
| Exam Way: | Online Proctored or Test Center |
| Pre Condition: | Oracle recommends experience with Oracle Financials Cloud Payables implementation and configuration. |
| 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 | Objectives |
|---|---|
| Expense Processing | - Expenses and Auditing
|
| Enterprise Structures and Business Units | - Enterprise Structure Configuration
|
| Reporting and Analytics | - Reporting Tools
|
| Invoices | - Invoice Processing
|
| Suppliers | - Supplier Configuration
|
| Accounting and Period Close | - Payables Accounting
|
| Payments | - Payment Management
|
Oracle 1Z0-1055-21 Exam FAQ: Considerate Answers
Oracle Financials Cloud: Payables 2021 Implementation Essentials is an official Oracle exam, registered under the code 1Z0-1055-21. Passing it earns the Oracle Cloud certification at the Professional level. It also connects to Oracle Financials Cloud: Payables 2021 Certified Implementation Specialist. In a fast-developed industry, this certificate is a promise to your career and your next promotion.
Oracle recommends experience with Oracle Financials Cloud Payables implementation and configuration.
Vendor policies do evolve, so confirm the current conditions before you register on the official exam page.
The Oracle Financials Cloud: Payables 2021 Implementation Essentials exam contains 55 questions within 120 minutes. Former customers share a consistent secret: two or three regular hours of daily practice beat sporadic cramming. The TestPassKing engine covers every important test point, so a steady routine builds both knowledge and the pacing the clock demands.
Passing Oracle Financials Cloud: Payables 2021 Implementation Essentials requires 68%, and the official fee is USD 245. Retakes bill the full USD 245 again, so treat readiness as something to verify, not assume: when your TestPassKing practice scores clear the requirement day after day, you are ready to book.
Oracle Financials Cloud: Payables 2021 Implementation Essentials is divided into 7 official domains, led by Invoices, Payments, and Reporting and Analytics. The full outline is above; while details shift over time, the main test points stay steady, and we have already sorted them for you.
Yes and yes. If you are a little suspicious, download the free demo of the Oracle Financials Cloud: Payables 2021 Implementation Essentials questions and check the material before deciding. After purchase, updates are free for 365 days, with new versions sent to you as soon as test points change; after expiry, extending the update service costs 50% of the regular price.
We promise it in writing: a 100% money-back guarantee under defined conditions. Take the Oracle Financials Cloud: Payables 2021 Implementation Essentials exam within 60 days of purchase; if you fail, claim a full refund according to your transcript by submitting a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, processed within 7 days. The exam must match your product, candidate and payer names must match, and attempts within 3 days of purchase, unused downloads, free materials, and expired orders are excluded. Alternatively, switch freely to other exam material: two equivalent products, free, with updates retained on your original purchase.
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Oracle Financials Cloud: Payables 2021 Implementation Essentials Sample Questions:
Which three options are available to filter data when you submit the Prepare Payables to Ledger Reconciliation report? (Choose three.)
- A. Ledger Set
- B. Legal Entity
- C. Business Unit
- D. Balancing Segment Value
- E. Natural Account
- F. Supplier
Correct Answer: A,C,D 🗳️
Explanation: Only visible for TestPassKing members. You can sign-up / login (it's free).
An invoice for $200 USD and a credit memo for $225 USD are due for payment and the "Apply credits up to zero amount" option is enabled for the payment process request. Which statement is correct?
- A. The payment process request applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.
- B. The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
- C. The payment process request pays only $200 USD alone.
- D. The payment process request doesn't select the invoice or credit memo for payment because the credit reduces the payment to - $25 USD, which is below zero.
Correct Answer: A 🗳️
Explanation: Only visible for TestPassKing members. You can sign-up / login (it's free).
You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit amount exceeds the invoice amount. If you enable the option to apply credits up to zero amount payment, then how will the invoice and credit memo be paid?
- A. Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.
- B. Both the invoice and credit memo are included in the payment process request for a payment amount of
$0 USD. The credit memo is partially paid with a remaining credit of $25 USD. - C. Both the invoice and the credit memo are selected and the Payment Process Request requires attention.
- D. Both the invoice and the credit memo are paid and a refund of $25 USD is created.
Correct Answer: B 🗳️
Explanation: Only visible for TestPassKing members. You can sign-up / login (it's free).
The payment build program has completed but with errors.
When submitting the payment process request, which processing option is used to review the error messages from the Manage Payment Process Request Inquiry?
- A. Set the validation failure handling for payments to "stop process for review."
- B. Set the validation failure handling for documents to "show errors."
- C. Set the validation failure handling for payments to "show errors."
- D. Enable debug for the payment format program.
Correct Answer: A 🗳️
Before you can configure payment approval rules, your company must define a payment approval policy.
Which three are done by the payment approval policy? (Choose three.)
- A. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.
- B. It allows approvers to review payments and decide whether or not to approve a payment.
- C. It defines a list of approvers who review payments and make final payment decisions.
- D. It defines when to initiate the payment approval process.
- E. It determines which payments must go through the payment approval process.
Correct Answer: A,C,D 🗳️
