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

  • Exam Code: 1Z1-1005
  • Exam Name: Oracle Financials Cloud: Payables 2018 Implementation Essentials
  • Updated: Oct 14, 2026
  • Q & A: 95 Questions and Answers

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About Oracle 1Z1-1005 Exam

Failing the 1Z1-1005 exam means paying the registration fee all over again, and those fees add up fast. Candidates in 2026 use the Oracle Financials Cloud: Payables 2018 Implementation Essentials practice questions at VCETorrent to walk into the test already knowing what the real thing feels like.

Oracle 1Z1-1005 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud: Payables 2018 Implementation Essentials
Exam Number:1Z0-1005
Exam Price:$245 USD
Related Certifications:Oracle Financials Cloud
Oracle Cloud Applications
Real Exam Qty:73 - 95
Certificate Validity Period:18 months
Exam Duration:120 minutes
Available Languages:English, Japanese
Exam Format:Multiple Choice
Passing Score:61% - 65%
Recommended Training:Oracle Financials Cloud Learning Subscription
Exam Registration:Oracle Education
Pearson VUE
Sample Questions:Free Download 1Z1-1005 Exam PDF Torrent
Exam Way:Online proctored or onsite testing via Pearson VUE
Pre Condition:No mandatory prerequisites; hands-on experience with Oracle Financials Cloud recommended
Official Syllabus URL:https://education.oracle.com/oracle-financials-cloud-payables-2018-implementation-essentials/pexam_1Z0-1005

Oracle 1Z1-1005 Exam Syllabus Topics:

SectionWeightObjectives
Reporting and Analytics10%- Custom Reporting Tools
- OTBI and BIP Reports
- Standard Payables Reports
Invoicing22%- Invoice Approval and Validation
- Invoice Creation and Types
- Integrated Imaging Solution
- Invoice Matching and Corrections
Payables Setup and Configuration20%- Supplier Configuration
- General Payables Options
- Business Units and Legal Entities
- Functional Setup Manager
Expenses15%- Expense Audit and Approval
- Corporate Card Management
- Expense Report Setup
- Expense Reimbursement
Tax and Accounting13%- Payables Accounting Entries
- Payables to Ledger Reconciliation
- Withholding and Income Tax
- Period Close Process
Payments20%- Payment Holds and Releases
- Payment Formats and Disbursement
- Payment Process Requests
- Bank Setup and Reconciliation

Oracle 1Z1-1005 Exam: Frequently Asked Questions

The Oracle Financials Cloud: Payables 2018 Implementation Essentials exam is the official Oracle test registered under exam code 1Z1-1005. Passing it earns you the Oracle Financials Cloud: Payables 2018 Certified Implementation Specialist certification, a credential at the Specialist level. It is also linked to the related certifications: Oracle Financials Cloud, Oracle Cloud Applications. Oracle exams are valued because they test job-ready skills, so a passing score here carries real weight on a resume.

The Oracle Financials Cloud: Payables 2018 Implementation Essentials exam includes 73 - 95 questions to be completed within 120 minutes. Do the pacing math before exam day: with that many items on the clock, you need a steady rhythm and the discipline to flag a hard question and move on instead of stalling. Two or three full timed sessions with the VCETorrent test engine will show you exactly what that pace feels like, so time pressure stops being a factor on the real day.

To pass the Oracle Financials Cloud: Payables 2018 Implementation Essentials exam you need 61% - 65%, and the official registration fee is $245 USD. A retake is not discounted: a failed attempt means paying the full $245 USD again, so treat your first sitting as the expensive one. A sensible rule is to book your seat only after you are scoring comfortably above the passing mark on the VCETorrent practice tests, not just squeaking past it once.

No mandatory prerequisites; hands-on experience with Oracle Financials Cloud recommended

Eligibility rules do change from time to time, so confirm the current requirements before you register on the official exam page.

Registration for the Oracle Financials Cloud: Payables 2018 Implementation Essentials exam goes through the official channels below.

As for the delivery format, the exam is taken Online proctored or onsite testing via Pearson VUE.

Oracle points candidates toward the following training options for Oracle Financials Cloud: Payables 2018 Implementation Essentials.

Course work builds the foundation; question practice makes it stick. The 95 practice questions in the VCETorrent 1Z1-1005 package let you rehearse each topic under exam-style pressure before the real thing.

Yes. VCETorrent offers a free PDF demo of the Oracle Financials Cloud: Payables 2018 Implementation Essentials material so you can judge the question quality and format before spending anything. After purchase, your license includes 365 days of free updates, and if you want to keep receiving updates after that period, renewals are available at a 50% discount.

If you take the Oracle Financials Cloud: Payables 2018 Implementation Essentials exam within 60 days of your purchase and do not pass, VCETorrent backs you with a 100% money-back guarantee. The claim must match the exam your product covers: attempts taken within 3 days of purchase are not eligible (that is too little preparation time), and neither are downloaded-but-unused products, free materials, or expired orders. The candidate name must match the payer name, and you need to submit a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Prefer not to refund? You can swap instead and receive two other exam products of equal value for free while keeping the update service on your original purchase.

Delivery itself is instant: your files are downloadable right away and emailed to you within one minute of payment. If nothing arrives within 2 hours, contact customer service. There is no limit on how many computers you may install the software on.

The official Oracle Financials Cloud: Payables 2018 Implementation Essentials syllabus is organized into 6 domains. Key areas include Payments (20%), Invoicing (22%), and Tax and Accounting (13%). The complete, up-to-date topic list appears in the exam topics section above; work through it line by line and flag anything you cannot yet explain in your own words.

Oracle Financials Cloud: Payables 2018 Implementation Essentials Sample Questions:

Question #1

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

Correct Answer: E  🗳️

Question #2

An invoice for $200 USD and a credit memo for $225 USD are due for payment and the "Apply credits up to zero amount" option is enabled for the payment process request. Which statement is correct?

  • A. The payment process request pays only $200 USD alone.
  • B. The payment process request applies $200 USD of the credit memo to the invoice, leaving a remaining credit of $25 USD, and creates a payment for $0 USD.
  • C. The payment process request creates a refund for $225 USD and leaves the invoice unpaid.
  • D. The payment process request doesn't select the invoice or credit memo for payment because the credit reduces the payment to - $25 USD, which is below zero.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?

  • A. The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.
  • B. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.
  • C. The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.
  • D. The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #4

If you accidentally paid an invoice using Create Payment flow, can you undo the operation?

  • A. yes, by creating a credit memo to offset the payment
  • B. Cancel the invoice and create a new one.
  • C. yes, by canceling the payment process from the process monitor
  • D. yes, by voiding the payment created
  • E. no
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #5

Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run? (Choose two.)

  • A. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.
  • B. Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.
  • C. Supplier site primary pay flag and customer account bill to primary flag should be enabled.
  • D. For the Legal Jurisdiction, Legal function: "Generate intercompany invoice" should be assigned.
  • E. Manual Approvals should be allowed for the transaction type.
  • F. Schedule create accounting for the intercompany process.
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

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