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Oracle E-Business Suite R12.1 Payables Essentials (1Z0-517) Practice Exam

Oracle E-Business Suite R12.1 Payables Essentials (1Z0-517)

About Oracle E-Business Suite R12.1 Payables Essentials (1Z0-517)

1Z0-517 exam is for members of the Oracle Partner Network who are focused on selling and implementing Financial Management modules. The exam is focused on the intermediate-level implementation team member. In this exam you will be able to set up and use Oracle Payables to manage the accounts payable process - from invoice creation to payment of invoices.  OPN Members earning this certification will be recognized as OPN Certified Specialists, which helps your company qualify for the Oracle E-Business Suite Financial Management Specialization.

Course Structure

The Oracle E-Business Suite R12.1 Payables Essentials (1Z0-517) Exam covers the following topics - 


1. 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

2. 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)

3. 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

Section - 2 PAYABLES

1. 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

2. 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

3. 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)

4. 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

5.. 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

6. 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

7. 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

8. Fundamentals of Workflow and Alerts

Explain Workflow concepts

Describe the benefits of Workflow

9. 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)

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

11. 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

12. 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

13. 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

Exam Pattern 

  • Exam Name: Oracle E-Business Suite R12.1 Payables Essentials
  • Exam Code: 1Z0-517
  • Number of Questions: 80 for both sections combined
  • Length of Time:  150 minutes
  • Exam Fee $245 USD 
  • Exam Language: English

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