You can use this Oracle 1Z0-517 exam study guide to collect all the information about the Oracle E-Business Suite R12.1 Payables Essentials exam. The Oracle 1Z0-517 certification exam is mainly targeted to those candidates who have some experience or exposure to Oracle E-Business Suite Financial Management technology and want to flourish their career with Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist - Oracle Payables (OCS) credential.
The Oracle 1Z0-517 certification exam validates your understanding of the Oracle E-Business Suite Financial Management technology and sets the stage for your future progression. Your preparation plan for Oracle E-Business Suite R12.1 Payables Essentials Certification exam should include hands-on practice or on-the-job experience performing the tasks described in following certification exam syllabus topics.
Oracle 1Z0-517 Exam Details:
| Exam Name | Oracle E-Business Suite R12.1 Payables Essentials |
| Exam Code | 1Z0-517 |
| Exam Price | USD $245 (Price may vary by country or by localized currency) |
| Duration | 120 minutes |
| Number of Questions | 64 |
| Passing Score | 60% |
| Format | Multiple Choice Questions (MCQ) |
| Recommended Training |
Training Opportunities for Oracle Partner Network Members Oracle E-Business Suite Essentials Implementation Boot Camp Oracle E-Business Suite R12.1 Accounts Payable Implementation Boot Camp |
| Schedule Exam | Buy Oracle Training and Certification |
| Sample Questions | Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist - Oracle Payables (OCS) |
| Recommended Practice | 1Z0-517 Online Practice Exam |
Oracle 1Z0-517 Syllabus Topics:
E-BUSINESS ESSENTIALS |
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| 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 |
| Introduction to 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 |
| 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) |
| 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 |
| 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 |
| Fundamentals of Workflow and Alerts |
- Explain Workflow concepts - Describe the benefits of Workflow |
PAYABLES |
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| Procure to Pay Overview |
- 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 |
| 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) |
| 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 |
| 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 |
| 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) |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 - Transfer from Payables to General Ledger |
The Oracle E-Business Suite Payables Essentials Certification Program certifies candidates on skills and knowledge related to Oracle E-Business Suite Financial Management products and technologies. The Oracle 1Z0-517 is granted based on a combination of passing exams, training, and performance-based assignments, depending on the level of certification. Oracle E-Business Suite R12.1 Payables Essentials certification is a real benchmark of experience and expertise that helps you stand out in a crowd among employers. To ensure success, Oracle recommends combining education courses, practice exams, and hands-on experience to prepare for your Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist - Oracle Payables (OCS) certification exam as questions will test your ability to apply the knowledge you have gained in hands-on practice or professional experience.