Oracle Financials Cloud: Payables 2020 Implementation Essentials : 1z0-1055-20

  • Exam Code: 1z0-1055-20
  • Exam Name: Oracle Financials Cloud: Payables 2020 Implementation Essentials
  • Updated: Sep 09, 2026
  • Q & A: 114 Questions and Answers

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How to prepare for the Oracle 1Z0-1055-20 Certification Exam

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The certification exam called the Oracle Financials Cloud: Payables 2020 Implementation Essentials exam, is an essential step towards achieving a professional level of expertise in Payables and Payments. It is also considered the first step in gaining access to the Oracle PS training course for Payables and Payments. The exam is designed to test your knowledge of the latest changes and enhancements for the Payables and Payments functionality in the Oracle Financials Cloud. It focuses on the implementation of the Payables and Payments functionality in the Oracle Financials Cloud.

In this article, we explain the topics that are covered on the exam. We will also provide you with information about the exam preparation materials, which also include Oracle 1Z0-1055-20 exam dumps. Moreover, information like the Oracle 1Z0-1055-20 test pattern, the Oracle 1Z0-1055-20 exam objective, the duration of the exam, the certification level, etc. can be found in the below-mentioned sections. So, get ready to start studying!

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

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The targeted audience for the Oracle 1Z0-1055-20 Certification Exam:

Oracle 1Z0-1055-20 Certification Exam is designed for all the professionals who are involved in the implementation and configuration of the Payables module in an accounting system. They are mainly required to implement the Payables module in Oracle Fusion Applications and use this particular module to process payments and enter invoices. The exam is intended for those candidates who have already gained experience in using the Payables module in a system and are looking for a new job in the same field. You can also use 1Z0-1055-20 exam dumps either you can take the Oracle 1Z0-1055-20 Certification Exam or not. Individuals with a designation like Senior Business Analyst, Senior Consultant, Director of Systems, or an equivalent position can be considered for the exam. The people from the Oracle 1Z0-1055-20 Certification Exam can be from any part of the world.

How to prepare for the Oracle 1Z0-1055-20 Certification Exam?

In fact, there are two ways to prepare for the exam:

  • The other way is to practice for the exam by solving sample questions like 1Z0-1055-20 exam dumps. This will help you gain experience and also make sure that you are not missing anything out. You can also look at the books, magazines, video tutorials related to finance, payments, and payable.

  • One way is to study all the material provided in the study guide. You can also prep for the exam by reading the official website of the certification. This will help you gain an overall understanding of the topics covered in the certification.

You should also use your time efficiently while preparing for the exam. You should not spend a lot of time on one topic. It is important to understand the overall structure of the exam. This will help you understand the type of questions that are asked in the exam and how they should be answered. You can also consider sources like blogs, forums, notes by experts, and videos to understand the concepts better.

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Oracle 1z0-1055-20 Exam Syllabus Topics:
SectionObjectives
Payments Processing- Payment setup and execution
  • 1. Payment processing and reconciliation
    • 2. Payment methods and formats
      Payables Configuration- Common setup and application configuration
      • 1. Configure accounting options
        • 2. Manage Payables options
          Accounting and Reporting- Payables accounting integration
          • 1. Subledger accounting rules
            • 2. Period close and reconciliation
              Controls and Automation- Automation and compliance features
              • 1. Approval workflows
                • 2. Invoice matching and controls
                  Supplier Management- Supplier setup and maintenance
                  • 1. Supplier creation and sites
                    • 2. Supplier classifications and controls
                      Invoice Processing- Invoice entry and validation
                      • 1. Manual and automated invoice creation
                        • 2. Invoice validation and approval workflows

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