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 - 

Section - 1 E-BUSINESS ESSENTIALS

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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