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  • Exam Name: Oracle Financials Cloud: Payables 2024 Implementation Professional
  • Last Update: 04-Dec-2025
  • Questions and Answers: 54
  • Single Choice: 19 Q&A's
  • Multiple Choice: 30 Q&A's
  • Simulation: 4 Q&A's
  • Drag Drop: 1 Q&A's

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1z0-1055-24 Questions and Answers

Question # 1

An installment for $2,000 USD is due for payment on July 31, 2022. The installment has two discounts: the first discount date is June 15, 2022 for $150 USD and the second discount date is June 30, 2022 for $50 USD.

You submit a Payment Process Request with the following criteria:

Payment Date = June 20, 2022

Pay Through Date = July 30, 2022

Date Basis = Due Date

What will be the resulting status of the installment and discount?

A.

The installment is selected and no discount is applied.

B.

The installment is selected and a discount of $50 USD is applied.

C.

The installment is selected and a discount of $150 USD is applied.

D.

The installment is not selected because the due date is after the Pay Through Date.

E.

The installment is not selected because the discount dates are before the Pay Through Date.

Question # 2

Adaptive Intelligence (AI), integrated with Oracle Payables Cloud, supports sophisticated data science that drives early payment discount offers.

Which of these is NOT a feature of early payment discounts?

A.

Eligible discounts decrease on a sliding scale based on the supplier's discretion.

B.

Variable annual percentage rate (APR), based on "days paid early," is used to determine the discount amount.

C.

The earlier the payment, the greater the discount.

Question # 3

A company has assigned a withholding tax classification to an invoice line to withhold two taxes, each tax withheld at different rates and remitted to different tax authorities.

Tax A has a withholding tax rate of 5% with compounding precedence of 1

Tax B has a withholding tax rate of 10% with compounding precedence of 2

What are the withholding tax amounts computed for the two taxes when the withholding taxable amount is 100$?

A.

Tax A:5%, Tax B:$10.5

B.

Tax A:4.5%, Tax B:$10

C.

Tax A:5%, Tax B:$10

D.

Tax A:5%, Tax B:$9.5

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