Certification: Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Payables
Certification Full Name: Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Payables
Certification Provider: Oracle
Exam Code: 1z0-517
Exam Name: Oracle EBS R12.1 Payables Essentials


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"Oracle EBS R12.1 Payables Essentials Exam", also known as 1z0-517 exam, is a Oracle certification exam.

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Certification Overview

The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Payables certification requires the understanding of concepts related to Oracle Payable Financial E Business Suite Management Solutions. The certification requires the knowledge of topics including Accessing the R12 Suite and online help tool, withholding tax and financing. It requires acquaintance with the Essentials section and the Payables Section.

Who can do this certification?

It should be noted that this exam is open for each and every candidate but it is targeting the medium level team player who can implement its various applications on a greater scale. A typical candidate will be the one who has achieved two or more years of experience in this field and knows the implementation strategies required for it. The certification is also geared towards the members of OPN.

Benefits

The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Payables certification has many a advantages. You will be developing the aptitude required for R12 Suite and the Oracle Essential. Once you have done this certification, you have developed the skills to implement Oracle payables tool which helps in managing the account from invoice to payment. Apart from this, get ready for a higher salary too after completing this certification process.

Associated Exam

Achieving the Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Payables certification requires you to clear the exam (exam number 1Z0-517). The duration of the exam is going to be 2 hours 30 minutes. The exam will be having a total of 80 questions from which 20 questions will be from the Essentials part and the rest 60 questions will be from the Payables part and you need to score minimum of 60% or above in both of these sections to clear the exam and get yourself certified.

Prerequisites

Oracle University Training for both the Essentials and the Payables part is highly recommended as these courses gear up the candidate as per the requirements of the exam. A minimum of 2 to 4 years of experience is required in this field and the knowledge related to both the section is a dire necessity if you want to pursue this certification.

Topics to be covered

The exam consists of a total of 16 topics which contains both the Payables and Essentials section (10 + 6).

Payables

  1. Pay Overview describing procure, key areas and the process.
  2. Transaction Taxes included in Payables for computing taxes, inserting manual transaction tax lines, identifying the reports and treatment of various taxes.
  3. Withholding Tax to identify the process and use the options accordingly, processing and creating invoices and identifying the standard reports related to it.
  4. Contract financing progressive and advancements describing the purpose, advances and calculating retainage and tax.
  5. Payables Overview describing the process flow. Key areas, integrating points and setting up MOAC.
  6. Suppliers to define the web sites and their roles, key reports and setting up purchasing and receiving from the suppliers.
  7. Payments and process, payment manager, set up accounts and banks, processing multiple payments and creating bills.
  8. Invoices to purchase the orders and in bulk and describing the approval and the reports that lead to it.
  9. Credit Cards and Expense Report for applying advances, issuing credit and procurement cards with its related operations.
  10. Closing Period describing the activities to be performed, transactions that needs to be done, setup options and knowing the prerequisites for the same.

Essentials:

  1. Oracle R12 application and navigation to logon into various Oracle applications and using monitor reports and programs for navigation.
  2. Oracle R12 application basics describing the origin, uses and hardware of R12 Suite.
  3. Integration with Entities shared to explain key integration points and the various products involved in the Business Suite.
  4. Flex Fields Introduction describing the various operations of working with Flex Fields.
  5. Subledger accounting through Multi - Org, securing the data and explaining the preferences for the same.
  6. Workflow Introduction explaining its concepts and uses.

Validity of the certification

The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Payables certification is available till the time it has seen a major update coming and being introduced in the market. When that is done, recertification part needs to be done to keep up with latest advancements in this field of technology.

Expert Review

No one in this world would be getting certified only for bragging, but that doesn't means it is not possible to take the advantages. The presence of Certifications your CV verifies that you are above the rest, reliable and keeping up with the fast changing environment.

Sabita Mandal, Silicon Laboratories Inc

Kolkata, India

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