Oracle E-Business Suite R12.1 Payables Essentials (1Z0-517) Practice Exam
Oracle E-Business Suite R12.1 Payables Essentials (1Z0-517) Practice Exam
Oracle E-Business Suite R12.1 Payables Essentials (1Z0-517) Practice Exam
The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Payables certification provides professionals with a comprehensive foundation in E-Business Essentials. Candidates gain expertise in navigating and utilizing the R12 E-Business Suite, managing data input, executing queries, and accessing online support resources. This certification further validates skills in configuring and managing Oracle Payables, including invoice processing, payment settlement, and accounts payable management. Earning this credential enhances professional credibility, strengthens career prospects, and provides OPN Members with recognition as OPN Certified Specialists, supporting their organization’s Oracle E-Business Suite Financial Management Specialization.
Who should take the exam?
The Oracle E-Business Suite R12.1 Payables Essentials (1Z0-517) exam is designed for individuals who want to validate their understanding of core functionalities within the Oracle E-Business Suite Payables module, specifically in the R12.1 release. The target role includes:
Accounts Payable Professionals
Oracle Payables Implementers/Consultants
Individuals Upskilling in Oracle E-Business Suite
Exam Details
Exam Name: Oracle E-Business Suite R12.1 Payables Essentials
Exam Number: 1Z0-517
Exam Languages: English
Exam Questions: 64 Questions
Time: 120 minutes
Passing Score: 60%
Course Outline
The Exam covers the given topics -
Topic 1: Learn about Navigating in R12 Oracle Applications
Log in to Oracle Applications
Navigate from Personal Home Page to Applications
Choose a responsibility
Create Favorites and set Preferences
Use Forms and Menus
Enter data using Forms
Search for data using Forms
Access online Help
Run and monitor Reports and Programs
Log out of Oracle Applications
Topic 2: Overview of Oracle Applications R12
Explain the footprint of R12 E-Business Suite
Describe the benefits of R12 E-Business Suite
Describe R12 E-Business Suite architecture
Topic 3: Understand Shared Entities and Integration
Explain shared entities within R12 E-Business Suite
Describe key integration points and business flows between products in E-Business Suite (EBS)
Identify Key Business Flows and products involved in E-Business Suite (EBS)
Topic 4: Fundamentals of Flexfields
Describe Flexfields and their components
Identify the steps to implement a Flexfield
Define value sets and values
Define Key Flexfields
Define Descriptive Flexfields
Topic 5: Understand the Fundamentals of Multi-Org
Define Multiple Organization (Multi-Org)
Describe the types of organizations supported in the Multi-Org model
Explain the entities of Multi-Org
Explain how Multi-Org secures data
Identify key implementation considerations for Multi-Org
Define Multi-Org Access Control
Explain Multi-Org preferences
Explain Enhanced Multiple-Organization Reporting
Explain the concepts of subledger accounting
Topic 6: Fundamentals of Workflow and Alerts
Explain Workflow concepts
Describe the benefits of Workflow
Topic 7: Learn about Procure to Pay
Describe the procure-to-pay process flow
Describe the key areas in the procure-to-pay process
Describe how the procure-to-pay process fits into the Oracle E-Business Suite of applications
Topic 8: Transaction Taxes in Payables
Compute transaction taxes for invoices
Insert manual tax lines and update transaction tax lines
View tax summary and details
Identify key reports related to transaction taxes
Describe setup options in EB Tax & Payables
Describe transaction taxes in Payables
Describe treatment of different types of taxes (offset tax, recoverable tax, tax on prepayment, and others)
Topic 9: Understand Withholding Tax
Identify the withholding tax process
Use withholding tax options
Process manual withholding tax invoices
Create withholding tax on Standard Invoices, Recurring Invoices and Application of Prepayment
Process automatic withholding tax invoices
Topic 10: Advances and Progressive Contract Financing
Describe the purpose of complex service contracts
Identify advances, contract financing and progress payment invoices
Calculate retainage
Recoup prepaided amounts for complex service contract
Calculate tax
Topic 11: Payables Overview
Describe the Payables process flow
Describe the key areas in the Payables process
Identify Payables integration points
Identify open interfaces to import data into Payables
Set up and use Multiple Organization Access Controls (MOAC)
Topic 12: Suppliers
Define suppliers and supplier sites
Identify key reports related to suppliers and supplier sites
Describe setup options - Purchasing
Describe additional implementation considerations related to suppliers
Describe setup options - Receiving
Describe setup options - Others
Topic 13: Overview of Payments
Describe the payment process
Set up banks and bank accounts
Enter single payments
Process multiple payments
Review and adjust payments
Set up and create bills payable
Create, apply, and release holds on prepayments
Reconcile payments with Oracle Cash Management
Use key standard reports
Describe key setup options
Describe additional implementation considerations related to payments
Describe Payment Manager
Topic 14: Invoices
Import/Enter invoices and invoice distributions
Match to purchase orders
Validate invoices
Apply and release holds
Describe invoice approval workflow
Describe key reports
Describe setup options
Describe additional implementation considerations related to invoices
Topic 15: Expense Reports and Credit Cards
Process various types of expense report
Enter expense report templates
Enter expense reports
Apply advances
Process procurement cards and credit cards
Topic 16: Period Close
Describe activities to be performed during the Period Close process in Payables and Purchasing
Reconcile accounts payable transactions for the period
Identify key programs and reports related to Period Close
Describe setup options related to Period Close
Describe additional implementation considerations related to Period Close
Explain the prerequisites for the Period Close process