Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Payables

Oracle E-Business Suite R12.1 Payables Essentials

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The Oracle E-Business Suite 12.1 Payables Essentials (1Z0-517) exam is designed for individuals who possess a strong foundation and expertise in selling or implementing Oracle E-Business Suite Payable Financial Management solutions.  This certification exam covers topics such as: how to access and navigate within the R12 E-Business Suite, how to enter data, retrieve information in the form of a query and access online help.  Candidates must also demonstrate knowledge of Procure-to-Pay process flow, Payables process flow, Multiple Organization Access Controls (MOAC), Suppliers, Invoices, Payments, Expense Reports and Credit Cards, Period Close, Transaction Taxes in Payables, Withholding Tax and Advances and Progressive Contract Financing. Up-to-date training and field experience are recommended.

The Oracle E-Business Suite Financial Management Implementation Specialist certification recognizes OPN members as OPN Certified Specialists.  This certification differentiates OPN members in the marketplace by providing a competitive edge through proven expertise.  This certification helps the OPN member’s partner organization qualify for the Oracle E-Business Suite Financial Management Specialization.

This OPN Certified Implementation Specialist exam is now available in English and Brazilian Portuguese!

Exam Number:
1Z0-517
Duration:
150 minutes
Associated Certifications:
Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Payables

OPN Certified Specialist
Number of Questions:
80 for both sections combined: 
 - 20 for E-Business Essentials
 - 60 for Oracle Inventory
Exam Price:
US$ 245

Pricing may vary slightly by country or by localized currency. Check Pearson VUE’s website for exact pricing in your country.

More on Exam Pricing
Passing
Score:
E-business Essentials - 60%
Oracle Payables Fundamentals - 60% There are two sections to this exam. Both sections of the exam MUST be passed in order the pass the exam.

Passing score subject to change. View Details
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Recommended Training Additional Information & Resources Exam Topics Fraudulent Activity Policy

Recommended Training
Oracle E-Business Suite 12.1 Payables Essentials - Exam Study Guide (PDF)
OPN Guided Learning Path:
Oracle E-Business Suite Financial Management Certified Implementation Specialist: Oracle Payables
Oracle University Training:
R12.x Oracle E-Business Suite Essentials for Implementers
R12.x Oracle Payables Management Fundamentals

Earlier courses "Oracle E-Business Suite R12: E-Business Essentials" and "R12 Oracle Payables Management Fundamentals" were previous recommended courses for this exam and are still valid preparation tools. However, they are no longer available for scheduling.

 

Additional Information & Resources
This exam is valid for Oracle E-Business Suite 12 and 12.1.

Exam Retake Policy
Specialization Catalog (PDF) for all launched and planned Specializations
Product Mapping to Specialization (XLS)
More Training Opportunities for Oracle Partners


 

Exam Topics
E-Business Essentials

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

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

 

Oracle Certification Program Fraudulent Activity Policy

Oracle reserves the right to take action against any candidate involved in fraudulent activities, including, but not limited to, fraudulent use of vouchers, promotional codes, reselling exam discounts and vouchers, cheating on an exam, alteration of score reports, alteration of completion certificates, violation of exam retake policies or other activities deemed fraudulent by Oracle.

If Oracle determines, in its sole discretion, that fraudulent activity has taken place, it reserves the right to take action up to and including, but not limited to, decertification of a candidate's Oracle Certified Associate, Oracle Certified Professional and/or OCM credentials, temporary, indefinite or permanent ban of a candidate from Oracle certification programs, notification to a candidate's employer, and notification to law enforcement agencies. Candidates found committing fraudulent activities forfeit all fees previously paid to Oracle, or to Oracle's authorized vendors, and may be required to pay additional fees for services rendered.

View the Oracle Certification Program Candidate Agreement which requires your agreement before the start of each exam.


 
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