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To prepare for the Oracle 1Z0-1055-21 exam, candidates should take the Oracle Financials Cloud: Payables 2021 Implementation Essentials course. This course covers all the topics that will be tested on the exam, including supplier management, invoice processing, payment processing, and accounting entries. Additionally, candidates can use study guides, practice exams, and other resources to prepare for the exam. Passing the Oracle 1Z0-1055-21 exam is a valuable credential for professionals looking to advance their careers in Oracle Financials Cloud implementation.

Reference: https://education.oracle.com/oracle-financials-cloud-payables-2021-implementation-essentials/pexam_1Z0-1055-21

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Oracle 1Z0-1055-21 exam, also known as Oracle Financials Cloud: Payables 2021 Implementation Essentials, is one of the most sought-after certifications for finance professionals. 1Z0-1055-21 exam is designed to test the skills and knowledge of financial professionals, including their ability to manage financial transactions and implement financial solutions within Oracle Financials Cloud Payables.

Oracle 1Z0-1055-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Suppliers and Supplier Management- Supplier setup and maintenance
  • 1. Supplier classification and controls
    • 2. Supplier profiles and sites
      Topic 2: Tax and Withholding- Tax configuration in Payables
      • 1. Tax rules and calculation
        • 2. Withholding tax setup
          Topic 3: Invoice Management- Invoice processing
          • 1. Invoice matching and approvals
            • 2. Invoice creation and validation
              • 3. Expense and recurring invoices
                Topic 4: Integration and Automation- Payables integration
                • 1. Integration with General Ledger
                  • 2. Workflow and approvals automation
                    Topic 5: Period Close and Reporting- Payables close processes
                    • 1. Period close activities
                      • 2. Invoice and payment reconciliation
                        Topic 6: Payables Setup and Configuration- Common setup for Payables
                        • 1. Accounting configuration for Payables
                          • 2. Payables system options and configuration
                            Topic 7: Payments- Payment processing
                            • 1. Payment reconciliation
                              • 2. Payment formats and methods
                                • 3. Payment creation and scheduling

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