Payables Essentials 1Z0-517

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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.

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

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

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