Mastering the 1Z0-1145-1 Exam: Oracle Financials Cloud Payables 2022 Implementation Professional

The 1Z0-1145-1 certification, officially titled Oracle Financials Cloud: Payables 2022 Implementation Professional, is a vital credential for professionals aiming to validate their expertise in implementing and managing Oracle Fusion Cloud Payables. As organizations increasingly adopt Oracle’s cloud financials solutions, the demand for certified professionals is growing. This article offers a comprehensive overview of the 1Z0-1145-1 exam, covering its objectives, format, preparation strategies, and the benefits of becoming certified.

What is the 1Z0-1145-1 Certification?

The 1Z0-1145-1 certification is offered by Oracle to recognize professionals who demonstrate deep knowledge in Oracle Fusion Payables, a key module within Oracle Cloud Financials. This certification is intended for implementation consultants who are responsible for configuring and setting up Oracle Payables to meet business requirements.

Holders of this certification demonstrate the ability to:

Configure Payables and related modules

Set up payment processing

Manage invoices, credit memos, and prepayments

Understand integration with other modules such as Procurement and General Ledger

Exam Details

Feature Details

Exam Code 1Z0-1145-1

Exam Title Oracle Financials Cloud: Payables 2022 Implementation Professional

Duration 85 minutes

Number of Questions Approximately 55

Passing Score 60%

Format Multiple Choice

Delivery Method Online/Testing Center via Pearson VUE

Exam Price $245 (may vary by region)

Exam Topics Covered

The 1Z0-1145-1 exam includes the following domains:

1. Invoice Processing

Create and manage invoices

Process credit memos and debit memos

Use invoice validation and approval workflows

2. Payment Processing

Configure payment processing rules

Set up payment formats and methods

Schedule and manage payment batches

3. Supplier Management

Create and maintain suppliers and supplier sites

Manage supplier onboarding and approval

Integration with Supplier Portal

4. Expense Reports and Prepayments

Manage employee expense reports

Process advances and prepayments

Configure expense templates

5. Tax Configuration and Integration

Set up tax regimes and rules

Integration with Oracle Tax

Tax calculation on invoices and payments

6. Period Close and Reporting

Configure accounting rules

Reconcile accounts payable to the general ledger

Generate and manage financial reports

7. Integration with Other Modules

Integration with Procurement, Cash Management, and General Ledger

Set up distribution combinations

Use Subledger Accounting (SLA)

Who Should Take This Exam?

This exam is ideal for:

Oracle implementation consultants

Functional consultants working in finance

ERP professionals looking to upskill in Oracle Cloud

Financial analysts and accountants involved in system implementations

Candidates should have:

A strong understanding of payables processes

Hands-on experience with Oracle Financials Cloud

Familiarity with business requirements in a financial context

How to Prepare for 1Z0-1145-1

Success in the 1Z0-1145-1 exam depends on a structured study plan and practical experience. Here are essential steps to prepare effectively:

1. Study Oracle Official Documentation

Oracle provides comprehensive guides on Fusion Payables. These documents offer deep insights into configurations, business flows, and best practices.

2. Take Oracle University Training

Oracle offers an official Oracle Financials Cloud: Payables Learning Path, which includes instructor-led training, labs, and practice exams. Enrolling in Oracle University ensures you cover the official exam syllabus.

3. Use Practice Exams

Practice tests help you get familiar with the exam structure and time constraints. Many online platforms and communities provide sample questions and mock exams.

4. Hands-On Practice

Nothing beats hands-on experience. If possible, access a demo Oracle Cloud environment to explore payables setups, workflow configurations, and invoice/payment transactions.

5. Join Oracle Communities

Participate in forums like Oracle Cloud Community and Oracle Developer Community. These platforms help you clear doubts, learn from real-world use cases, and get expert advice.

Benefits of Becoming Oracle Payables Certified

Earning the 1Z0-1145-1 certification offers several professional advantages:

1. Career Advancement

With cloud-based financial systems growing rapidly, companies seek professionals skilled in Oracle Fusion. This certification enhances your resume and boosts your promotion or hiring chances.

2. Competitive Salary

Certified Oracle consultants often command higher salaries. Employers value the validation of your expertise provided by Oracle’s rigorous certification standards.

3. Professional Recognition

Being Oracle-certified earns you recognition among peers and clients as an expert in cloud-based financial solutions.

4. Enhanced Implementation Skills

You’ll gain a deep understanding of payables processes, configurations, and integrations, making you more effective in real-world Oracle Cloud implementations.

Tips for Exam Day

Arrive early (or log in 30 minutes early if taking the exam online)

Read questions carefully — don’t rush

Use process of elimination on tricky multiple-choice questions

Manage your time — don’t spend too long on one question

Stay calm and confident — preparation is key!

Sample Questions

Here are a couple of practice questions to give you a feel for the exam:

Q1. Which setup task is used to define the default payment method for a supplier?

A. Define Payment Terms

B. Define Payment Format

C. Define Supplier Site

D. Define Payables Options

Answer: C. Define Supplier Site

Q2. What feature allows automatic tax calculation on supplier invoices?

A. Tax Regime Setup

B. SLA Configuration

C. Subledger Journal Entry Rules

D. Payment Terms Configuration

Answer: A. Tax Regime Setup

For full access to updated study materials and a verified PDF Q&A for this exam, visit: 

1z0-1145-1