In this course, you will get 3 Practice Exams with 135 Unique Questions from "1Z0-517 - Oracle E-Business Suite R12.1 Payables Essentials" covering all the topics for the 1Z0-517 Exam.

Updated to latest questions on June 2022.

What do you get in this course?

1. 3 Mock Tests with 45 Unique Questions in each practice test.

2. Reliable exam reports to evaluate strengths and weaknesses

3. 135+ Latest Questions with explanation for each question

4. Questions are frequently reviewed and updated frequently.

5. Practice tests are created by Subject Matter Experts and the questions always stay current with the actual exam.

6. 100% verified answers.

7. Each set in the practice exam contains unique questions built with the intent to provide real-time experience to the candidates as well as gain more confidence during exam preparation.

8. Practice exams help to self-evaluate against the exam content and work towards building strength to clear the exam

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Official Details of 1Z0-517 - Oracle EBS R12.1 Payables Essentials Practice Exam :

Exam Title : Oracle E-Business Suite R12.1 Payables Essentials

Exam Number : 1Z0-517

Exam Price : $245 More on exam pricing

Format : Multiple Choice

Duration : 150 minutes

Number of Questions : 80 for both sections combined

Passing Score : E-business Essentials - 60% Oracle Payables 60%

Validated Against : This exam has been validated against Oracle E-Business Suite 12 and 12.1

Additional info : Exam candidates who score a passing grade on the Oracle E-Business Suite 12.1 Payables Essentials (1Z0-517) exam will be recognized as Oracle E-Business Suite 12 Financial Management Certified Implementation Specialists: Oracle Payables. This certification qualifies as competency criteria for the Oracle E-Business Suite Financial Management Specialization.

The exam validates both knowledge and implementation skills. Field experience is strongly recommended.

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

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 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

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

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

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)

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

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

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

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 Workflow and Alerts

• Explain Workflow concepts

• Describe the benefits of Workflow

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)

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

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

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

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