Oracle 1Z1-1005 exam : Oracle Financials Cloud: Payables 2018 Implementation Essentials

1Z1-1005 Exam Simulator
  • Exam Code: 1Z1-1005
  • Exam Name: Oracle Financials Cloud: Payables 2018 Implementation Essentials
  • Updated: Nov 11, 2026
  • Q & A: 95 Questions and Answers

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Oracle 1Z1-1005 Exam Syllabus Topics:

SectionObjectives
Topic 1: Payment Processing- Payments Configuration
  • 1. Disbursement Setup
  • 2. Payment Methods
  • 3. Payment Process Requests
  • 4. Payment Reconciliation
  • 5. Electronic Payments
  • 6. Payment Approval
Topic 2: Reporting and Period Close- Payables Reporting
  • 1. Payables Reports
  • 2. Period Close Process
  • 3. Payables to General Ledger Reconciliation
  • 4. Payables Analytics
Topic 3: Invoice Processing- Invoice Lifecycle
  • 1. Prepayments
  • 2. Invoice Matching
  • 3. Invoice Entry and Import
  • 4. Invoice Holds
  • 5. Approval Management
  • 6. Invoice Validation
Topic 4: Supplier and Master Data Management- Supplier Setup
  • 1. Payment Terms
  • 2. Supplier Sites
  • 3. Supplier Profiles
  • 4. Bank Accounts
Topic 5: Enterprise Structure and Common Financial Setup- Enterprise Structure
  • 1. Legal Entities
  • 2. Ledgers
  • 3. Business Units
  • 4. Reference Data Sets
Topic 6: Tax and Accounting- Financial Controls
  • 1. Accounting Entries
  • 2. Subledger Accounting
  • 3. Tax Configuration
  • 4. Withholding Tax
Topic 7: Expenses Management- Expense Processing
  • 1. Receipt Management
  • 2. Corporate Card Transactions
  • 3. Employee Reimbursements
  • 4. Expense Auditing
  • 5. Expense Reports

Oracle Financials Cloud: Payables 2018 Implementation Essentials Preparation: Focused, Supported, Calm

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Let the official Oracle Financials Cloud: Payables 2018 Implementation Essentials weights decide:
  • Tax and Accounting ()
  • Enterprise Structure and Common Financial Setup ()
  • Expenses Management ()
Heavy domains get the long, careful sessions; light ones get a brisk review. It is the surest way to convert your last hours into exam points.
No mandatory prerequisite exam. Oracle recommends hands-on implementation experience with Oracle Financials Cloud Payables.

Oracle Financials Cloud: Payables 2018 Implementation Essentials Sample Questions:

Question #1

Which job role has full access to perform all Functional Setup Manager related activities?

  • A. Functional Setup Manager Superuser
  • B. Application System Administrator
  • C. Any Functional User
  • D. Application Implementation Consultant
  • E. IT Security Manager
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #2

What is the invoice type of an unapproved, unmatched invoice that was created in the Supplier Portal?

  • A. iSupplier Invoice
  • B. Credit Memo
  • C. Standard invoice request
  • D. Standard Invoice
  • E. Supplier payment request
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

When submitting the Payables to General Ledger Reconciliation report, the extract did not select any data.
What should you check?

  • A. Make sure you specified a Business Unit in the parameters when running the extract.
  • B. Make sure you enabled the Reconciliation flag to all of your liability natural account values.
  • C. Make sure you assign an Account parameter when running the extract to include liability accounts.
  • D. Make sure you assigned a Financial Category of Accounts Payable to all your liability natural account values.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #4

N NO: 46
An installment for $1,000 USD is due for payment on January 10, 2019. The installment has two discounts:
the first discount date is December 5, 2018 for $150 USD and the second discount date is December 20, 2018 for $50 USD. The Pay Date Basis on the supplier site is Discount.
You submit a Payment Process Request with the following criteria:
* Payment Date = December 5, 2018
* Pay Through Date = December 25, 2018
* Date Basis = Pay Date
* Always Take Discount option is enabled
What will be the resulting status of the installment and discount?

  • A. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.
  • B. The installment is not selected because the first discount date is before the Pay Through Date.
  • C. The installment is selected and a discount of $200 USD ($150 + $50) is applied.
  • D. The installment is selected and a discount of $50 USD (the second discount) is applied.
  • E. The installment is selected but no discount is applied because the payment date is after the discount dates.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #5

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

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

Correct Answer: A,D,E  🗳️

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