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100+ Free 1Z0-1055-26 Practice Questions

Oracle Fusion Cloud Financials: Payables and Expenses 2026 Implementation Professional practice questions are available now; exam metadata is being verified.

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ArticleOracle SQL 1Z0-071 Exam Guide 2026: Official Facts, Topic Traps, and Practice Plan12 min read
2026 Statistics

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 test your 1Z0-1055-26 exam readiness. 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 Practice Questions

Verified exam format metadata for Oracle Fusion Cloud Financials: Payables and Expenses 2026 Implementation Professional is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.