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Exam Review

Key Facts: 1Z0-1055-26 Exam

1Z0-1055-26

Exam code for the 2026 Oracle Payables and Expenses Implementation Professional certification

Oracle Certification

Payables + Expenses

The exam covers both Oracle Fusion Cloud Payables and the Oracle Expenses module

Oracle Certification exam topics

~US$245

Approximate exam fee, varying by region and currency

Oracle / Pearson VUE pricing

Pearson VUE

Proctored exam delivered online or at a test center via Oracle/Pearson VUE

Oracle Certification

Professional

Implementation Professional level credential for functional consultants

Oracle Certification

5 topic areas

Common configurations, supplier invoices, payments, AP balances/period close, and expenses

Oracle Certification exam topics

Hands-on option

Some 2026 deliveries add a performance-based section in a simulated Fusion environment

Oracle Certification

100

Free original practice questions in this bank

OpenExamPrep

1Z0-1055-26 is Oracle's 2026 Payables and Expenses Implementation Professional certification for Oracle Fusion Cloud Financials functional consultants. It is a proctored multiple-choice exam delivered through Oracle/Pearson VUE, and some 2026 deliveries add a hands-on performance-based section in a simulated Fusion environment. The exam covers common configurations, supplier invoices, payments and withholding tax, accounts-payable balances and period close, and the Oracle Expenses module. Oracle sets the exact question count, time limit and passing standard per version on the official exam page, and the fee is roughly US$245 depending on region. This 100-question bank gives original, implementation-focused multiple-choice practice across all of those topic areas.

Sample 1Z0-1055-26 Practice Questions

Try these sample questions to review concepts for the 1Z0-1055-26 exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1In Oracle Fusion Cloud Payables, which object is the single source of truth for a supplier's general details, such as tax registration and parent-child relationships, that applies across all business units?
A.Supplier site
B.Supplier (header)
C.Supplier address
D.Third-party site account
Explanation: The supplier header holds entity-level details such as tax registration, classifications and parent-child relationships that are shared across all business units. Sites and addresses hold business-unit-specific and location-specific data beneath the header.
2A supplier needs different payment terms and liability accounts for two operating units. At which level of the supplier model should these business-unit-specific defaults be configured?
A.Supplier header
B.Supplier address
C.Supplier site (assignment)
D.Procurement business unit only
Explanation: Supplier sites are created per business unit and hold business-unit-specific invoicing and payment defaults such as payment terms, pay groups and liability distribution overrides. This lets one supplier behave differently across operating units.
3Which Oracle Fusion structure groups business units so they can share reference data such as payment terms and is assigned through a determinant type?
A.Reference data set (SetID)
B.Ledger
C.Legal entity
D.Chart of accounts
Explanation: Reference data sets (set-enabled or SetID partitioning) let multiple business units share or partition reference data such as payment terms and supplier sites through an assigned determinant. This avoids re-creating the same setup for every BU.
4Where in Oracle Fusion Payables do you enable or disable features such as 'Allow document category override' and 'Account for payment' that apply broadly to a business unit's payables processing?
A.Manage Invoice Options
B.Manage Common Options for Payables and Procurement
C.Manage Payment Methods
D.Manage Tax
Explanation: Common Options for Payables and Procurement set business-unit-wide defaults such as default distributions, automatic offsets, the self-billed-invoices liability account and document sequencing controls shared by Payables and Procurement.
5An implementer wants new invoices for a supplier to default a 15-day discount and net 45 payment. Which setup object should be defined and assigned to the supplier site?
A.Payment terms
B.Pay group
C.Distribution set
D.Payment process profile
Explanation: Payment terms define due dates and discount schedules (for example, 1% 15 days, net 45). When assigned to a supplier site, they default onto invoices to drive due dates and available discounts.
6Which Oracle Fusion Cash Management object must exist before a supplier can be paid electronically, and is referenced by the supplier's payment instructions?
A.Internal bank account
B.Supplier bank account (external party bank account)
C.Reconciliation rule set
D.Bank statement
Explanation: To pay a supplier electronically you must define the supplier's bank account (an external party bank account) with routing and account details. Electronic payment methods reference this account; the internal bank account is the disbursement source.
7In Oracle Fusion, which security construct grants a payables clerk access to transactions for a specific business unit?
A.Data role / data security policy granting the BU as a data access set
B.Job role only, with no data scoping
C.Reference data set assignment
D.Document sequence category
Explanation: Business-unit data access is granted through data security (data roles / 'Manage Data Access for Users'), which scopes a job role to specific business units. A job role alone defines function privileges but not which BUs' data the user can see.
8Which setup determines the liability account that Payables uses by default when an invoice is created for a business unit?
A.Common Options for Payables (default distributions)
B.Payment terms
C.Aging periods
D.Payables calendar
Explanation: The default liability (accounts payable) distribution is defined in Common Options for Payables and Procurement. It can be overridden on the supplier site, but the common options provide the business-unit default.
9A supplier is set up with a default distribution set so that every invoice automatically splits 60% to one cost center and 40% to another. Which kind of distribution set is required?
A.Skeleton distribution set
B.Full distribution set
C.Tolerance template
D.Income tax type set
Explanation: A full distribution set assigns fixed percentages to specific account combinations (for example 60/40), so distributions are created automatically. A skeleton set lists accounts without percentages and requires manual amount entry.
10Which statement best describes a business unit in Oracle Fusion Cloud Financials?
A.The legal owner of a transaction for statutory reporting
B.An operational organization that performs business functions like Payables invoicing
C.The accounting representation defined by currency and calendar
D.A grouping of accounts in the chart of accounts
Explanation: A business unit is an operational organization that performs one or more business functions, such as Payables Invoicing or Payables Payment, and is the level at which most Payables setup and transactions are scoped.

About the 1Z0-1055-26 Exam

The Oracle Fusion Cloud Financials: Payables and Expenses 2026 Implementation Professional (1Z0-1055-26) certification validates that a functional consultant can implement Oracle Fusion Cloud Payables and Oracle Expenses. It covers common financials configurations (enterprise structures, business units, suppliers, banks and payment terms), the full supplier-invoice lifecycle (invoice options, distribution sets, tolerances, holds, approvals, prepayments and import), payment setup and execution (payment methods, payment process profiles, Payment Process Requests, withholding and transaction tax), accounts-payable balances and period close (Payables calendars, reconciliation, intercompany balancing and reporting), and the Oracle Expenses module (expense templates and policies, approvals, corporate cards, cash advances, audit and reimbursement). It targets Oracle Financials functional consultants and is a professional-level credential that assumes hands-on configuration experience.

Exam sponsor: Oracle University (delivered via Pearson VUE). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Proctored exam delivered via Oracle/Pearson VUE. Multiple-choice questions across the Payables and Expenses topic areas; some 2026 deliveries add a hands-on performance-based section in a simulated Oracle Fusion Cloud Financials environment.

Time Limit

Total time is set per version on the official Oracle exam page; the multiple-choice portion is commonly about 85-120 minutes. Confirm at registration.

Passing Score

Oracle does not publish a single fixed pass percentage for this delivery. Passing standards are set per version and section and are shown on the official certification page.

Exam / Certification Fees

Approximately US$245; Oracle pricing varies by region and currency. Confirm on the Oracle certification page and at Pearson VUE checkout.

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

15%

Common Configurations

Enterprise structures, business units and reference data sets, common Payables options, supplier and supplier-site setup, banks and bank accounts, and payment terms that the Payables and Expenses flows depend on.

30%

Supplier Invoices

Manage invoice options, distribution sets, invoice tolerances, holds and releases, invoice approval rules, prepayments, recurring invoices, intelligent/AI invoice capture, invoice import and subledger accounting for invoices.

25%

Payments

Payment options, payment methods, payment process profiles, Payment Process Requests (PPRs), payment approval rules, withholding and transaction tax configuration, and accounting for payments.

15%

Accounts Payable Balances and Period Close

Payables calendars and period statuses, Payables-to-General-Ledger and subledger reconciliation, intercompany balancing for payables, and period-close activities and reporting.

15%

Expenses

Expense report templates and types, expense policies and rate limits, expense approval rules, corporate card setup, cash advances, audit rules and reimbursement processing in Oracle Expenses.

Preparing for the 1Z0-1055-26 Exam

What You Need to Know

  • Passing score: Oracle does not publish a single fixed pass percentage for this delivery. Passing standards are set per version and section and are shown on the official certification page.
  • Assessment: Proctored exam delivered via Oracle/Pearson VUE. Multiple-choice questions across the Payables and Expenses topic areas; some 2026 deliveries add a hands-on performance-based section in a simulated Oracle Fusion Cloud Financials environment.
  • Time limit: Total time is set per version on the official Oracle exam page; the multiple-choice portion is commonly about 85-120 minutes. Confirm at registration.
  • Exam / certification fees: Approximately US$245; Oracle pricing varies by region and currency. Confirm on the Oracle certification page and at Pearson VUE checkout. Official sources

Using Our Practice Resources

  • Work through all 100 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

1Z0-1055-26: Suggested Study Strategy

1Work directly in an Oracle Fusion Cloud Financials environment: configure suppliers, invoice options, distribution sets and payment process profiles so the setup screens are familiar under exam pressure.
2Memorize the invoice lifecycle and how holds, tolerances and approval rules interact, including which holds release automatically and which need manual release.
3Understand Payment Process Requests end to end: selection criteria, build payments, review proposed payments, and the create-accounting step, since payments is one of the heaviest topic areas.
4Be precise on withholding tax versus transaction tax setup, because exam questions test where each is defined and when it applies during invoice and payment processing.
5Study period close: Payables period statuses, the Payables-to-GL reconciliation reports, and how unaccounted transactions block close, plus intercompany balancing.
6For Expenses, learn the difference between expense templates, policies, audit rules and corporate card setup, and how approval rules route reports to managers and auditors.

Frequently Asked Questions

Is 1Z0-1055-26 the current Payables and Expenses exam version?

Yes. 1Z0-1055-26 is the 2026 version of Oracle's Fusion Cloud Financials: Payables and Expenses Implementation Professional certification, succeeding 1Z0-1055-25 and earlier yearly versions.

What topics does 1Z0-1055-26 cover?

It covers common configurations, supplier invoices, payments and withholding tax, accounts-payable balances and period close, and the Oracle Expenses module, all from an implementation perspective.

How many questions are on the exam and what is the time limit?

Oracle sets the exact multiple-choice question count and time limit per exam version on the official 1Z0-1055-26 page. The multiple-choice portion is commonly around 85-120 minutes; confirm the current values when you register.

Does the 2026 exam include a hands-on section?

Some 2026 Oracle deliveries pair multiple-choice questions with a hands-on performance-based section in a simulated Oracle Fusion Cloud Financials environment. Check the official exam page for the exact format of your delivery.

How much does the 1Z0-1055-26 exam cost?

The fee is approximately US$245, but Oracle pricing varies by region and currency. Confirm the exact price on Oracle's certification page and at Pearson VUE checkout.

Are these official Oracle exam questions?

No. These are original OpenExamPrep practice questions modelled on the published exam topics. They are not copied from Oracle exam content or from dump sites, and using leaked exam questions can violate Oracle's certification agreement.