Vendor: Oracle
Exam Code: 1Z0-1055-20
Exam Name: Oracle Financials Cloud: Payables 2020 Implementation Essentials
Certification: Oracle Certifications
Total Questions: 112 Q&A
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Updated on: Jun 10, 2026
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Select three reasons why you cannot close your Payables period. (Choose three.)
A. open intercompany transactions
B. unapplied prepayments
C. suppliers on payment holds
D. bills payable requiring maturity
E. unaccounted invoices and payments
What is the difference between subject areas that append the word "Real Time" and those that do not?
A. The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.
B. The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.
C. There is no difference.
D. The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.
You have 10 ledgers and 30 business units and want to leverage Preference Data Sets. What is the function of Reference Data Sets?
A. allow you to secure data by business unit
B. allow you to assign multiple business units to users in a shared service center
C. allow you to maintain sets of related data in a Data Dictionary
D. allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup
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