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Oracle 1Z1-1005 Exam is an excellent opportunity for professionals who want to demonstrate their expertise in implementing and managing Oracle Financials Cloud: Payables 2018. By obtaining this certification, candidates can prove their skills to potential employers and advance their career in Oracle Financials Cloud. With the rising demand for cloud-based financial applications, this certification can provide a competitive edge to professionals looking to establish their careers as Oracle Financials Cloud experts.
Oracle 1Z1-1005 certification exam is a quintessential exam for individuals who aspire to prove their expertise and credibility in implementing Oracle Financials Cloud: Payables 2018. Oracle Financials Cloud: Payables 2018 Implementation Essentials certification provides a competitive edge for professionals in the industry and showcases their knowledge and skills in managing accounts payable processes, paying invoices, managing expenses, and creating financial reports using Oracle Financials Cloud.
The Oracle 1Z1-1005 exam has a total of 60 questions that must be answered within 105 minutes. It has multiple-choice questions with one best response and multiple-correct responses. 1Z1-1005 exam is divided into five categories: Payables Management Overview, Payables Setup and Management, Payables Invoice Processing, Payables Payments, and Financial Orchestration. Each of these categories covers specific topics in the implementation of the Payables 2018, and it is important for the candidates to review them extensively.
Reference: https://education.oracle.com/oracle-financials-cloud-payables-2018-implementation-essentials/pexam_1Z0-1005
Oracle 1Z1-1005 exam covers a wide range of topics, including managing payment processes, managing invoices, managing expenses, managing supplier accounts, and managing payments to suppliers. Candidates are required to have a solid understanding of these topics to pass the exam.
Oracle 1Z1-1005 Exam Syllabus Topics:
| Section | Objectives |
| Topic 1: Payables Setup and Configuration | - Payables options and system configuration
- 1. Business unit setup for Payables
- 2. Invoice and payment configuration options
|
| Topic 2: Accounting and Reporting | - Reporting
- 1. Payables reports and analytics
- Payables accounting
- 1. Period close processes
- 2. Subledger accounting integration
|
| Topic 3: Controls and Compliance | - Controls configuration
- 1. Payment security and controls
- 2. Invoice validation rules
|
| Topic 4: Supplier Management | - Supplier setup and maintenance
- 1. Supplier sites and payment terms
- 2. Supplier registration and approval flows
|
| Topic 5: Invoice Management | - Invoice creation and processing
- 1. Invoice matching (PO and non-PO invoices)
- 2. Invoice entry and validation
- Invoice accounting and approvals
- 1. Approval workflows
- 2. Invoice holds and adjustments
|
| Topic 6: Payments | - Payment processing
- 1. Payment runs and scheduling
- 2. Payment methods and formats
- Bank and reconciliation
- 1. Payment reconciliation processes
- 2. Bank account setup
|