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Oracle 1Z1-1005 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud: Payables 2018 Implementation Essentials
Exam Number:1Z0-1005
Available Languages:English
Exam Duration:120 minutes
Real Exam Qty:50-70
Certificate Validity Period:Varies by Oracle certification policy (often does not formally expire, but may be superseded by newer certification versions)
Exam Format:Multiple Response, Multiple Choice
Exam Price:USD 245 (may vary by region/tax)
Related Certifications:Oracle Financials Cloud Implementation Specialist
Oracle ERP Cloud Financials Certification
Passing Score:Approximately 60% - 65%
Recommended Training:Oracle University Financials Cloud Training
Exam Registration:Oracle Certification Registration
Sample Questions: DOWNLOAD DEMO
Exam Way:Proctored exam delivered online via Oracle testing partner (typically Pearson VUE) or authorized test centers
Pre Condition:No formal prerequisites required, but knowledge of Oracle Financials Cloud Payables processes is recommended
Official Syllabus URL:https://education.oracle.com/

Oracle 1Z1-1005 Exam Syllabus Topics:

SectionObjectives
Controls and Compliance- Controls configuration
  • 1. Payment security and controls
    • 2. Invoice validation rules
      Accounting and Reporting- Payables accounting
      • 1. Subledger accounting integration
        • 2. Period close processes
          - Reporting
          • 1. Payables reports and analytics
            Invoice Management- Invoice creation and processing
            • 1. Invoice entry and validation
              • 2. Invoice matching (PO and non-PO invoices)
                - Invoice accounting and approvals
                • 1. Approval workflows
                  • 2. Invoice holds and adjustments
                    Payments- Bank and reconciliation
                    • 1. Bank account setup
                      • 2. Payment reconciliation processes
                        - Payment processing
                        • 1. Payment methods and formats
                          • 2. Payment runs and scheduling
                            Supplier Management- Supplier setup and maintenance
                            • 1. Supplier sites and payment terms
                              • 2. Supplier registration and approval flows
                                Payables Setup and Configuration- Payables options and system configuration
                                • 1. Invoice and payment configuration options
                                  • 2. Business unit setup for Payables

                                    Oracle 1Z1-1005 Exam — Questions and Answers

                                    USD 245 (may vary by region/tax) per attempt, Approximately 60% - 65% to pass. Preparation is the cheaper insurance: the 95 practice questions from SurePassExams cost far less than a second registration.

                                    The Oracle Financials Cloud: Payables 2018 Implementation Essentials blueprint spans 6 domains — including Invoice Management, Accounting and Reporting, Supplier Management. Follow the weightings with your hours; the full outline above details every subtopic.

                                    Yes:

                                    Training builds knowledge; simulation builds readiness. After any course, rehearse with the 95 practice questions for the Oracle Financials Cloud: Payables 2018 Implementation Essentials until the exam atmosphere feels routine.

                                    120 minutes for 50-70 questions. Get used to the pressure in advance: the SurePassExams online engine recreates the formal test atmosphere on any device, so your pacing is trained before it counts.

                                    Files arrive within a minute of payment by automatic email — no installation limits, and 24/7 customer assisting if nothing shows up within 2 hours (check spam). If you fail the corresponding 1Z1-1005 exam within 60 days of purchase, we reduce your loss two ways: a full refund — send a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam, processed within 7 days — or a free change to two other equal-value products if you have another test ahead. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products.

                                    Yes — download the free Oracle Financials Cloud: Payables 2018 Implementation Essentials demo to learn about our products before you buy. Purchases include 365 days of free updates, with each new version emailed to you immediately upon release; renew afterward at 50% off.

                                    No formal prerequisites required, but knowledge of Oracle Financials Cloud Payables processes is recommended Eligibility rules change over time, so confirm the current requirements on the official page (official 1Z1-1005 exam page) before you register.

                                    The Oracle Financials Cloud: Payables 2018 Implementation Essentials is Oracle's certification exam for Oracle Financials Cloud: Payables 2018 Implementation Essentials, at the Professional level — proof of practical skills that employers recognize. Our material for it is written by IT experts and certified trainers with a wealth of exam experience. Related credentials include Oracle Financials Cloud Implementation Specialist, Oracle ERP Cloud Financials Certification.

                                    Book through the vendor's official channels:

                                    The Oracle Financials Cloud: Payables 2018 Implementation Essentials is delivered Proctored exam delivered online via Oracle testing partner (typically Pearson VUE) or authorized test centers — pick the arrangement that fits your schedule.

                                    Oracle Financials Cloud: Payables 2018 Implementation Essentials Sample Questions:

                                    Question #1

                                    During your business trip to the UK, you took a taxi ride and paid for it by using your personal Visa credit card. While entering your expenses, you get a warning that a different conversion rate was applied to the taxi expense by Visa that the one used by your company.
                                    How do you handle this situation?

                                    • A. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to get a revised statement.
                                    • B. Do not enter the taxi expense and call your Finance Department so that they can make changes in the conversion rate settings and you do not violate the allowable limit.
                                    • C. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.
                                    • D. Use the corporate-defined conversion rate even if it means you will not be reimbursed fully.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: B  🗳️

                                    Question #2

                                    What is the recommendation when setting up Reconciliation Rule Sets?

                                    • A. Many to Many rules should always be used last in the sequence.
                                    • B. One to One rules should be sequenced above rules of other types.
                                    • C. One to One rules should be sequenced below rules of other types.
                                    • D. Many to Many rules should always be used first in the sequence.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: B  🗳️

                                    Question #3

                                    What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?

                                    • A. information about a business object with values that are dates, Ids or text
                                    • B. data that provides a measure of something
                                    • C. values that are organized into parent-child relationships
                                    • D. data that is metric and can be added up or aggregated
                                    Reveal Solution  Discussion  0

                                    Correct Answer: A  🗳️

                                    Question #4

                                    Which two statements about the submission of invoices by suppliers using Supplier Portal are true? (Choose two.)

                                    • A. A supplier can submit a single invoice against multiple purchase orders, provided the currency and organization for all the invoice items are the same as those on the purchase orders.
                                    • B. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.
                                    • C. A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.
                                    • D. A supplier can make changes to the invoice after submitting it.
                                    • E. A supplier can validate the invoice after submitting it.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: B,E  🗳️

                                    Question #5

                                    Which three are Invoice Header attributes that can be used during invoice approval rule creation? (Choose three.)

                                    • A. Pay Group Lookup Code
                                    • B. Statistical Amount
                                    • C. Requester Name
                                    • D. Business Unit Name
                                    • E. Accounting Date
                                    Reveal Solution  Discussion  0

                                    Correct Answer: A,D,E  🗳️

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