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Oracle 1Z1-1005 certification exam is a valuable credential for finance and accounting professionals who work with Oracle Financials Cloud: Payables 2018. Obtaining this certification demonstrates a candidate's expertise and knowledge in this area and can help them stand out in a competitive job market.

Oracle 1Z1-1005 certification exam is designed for professionals who wish to demonstrate their expertise in implementing and managing the payables module of Oracle Financials Cloud. 1Z1-1005 exam is intended for individuals who have a solid understanding of the principles of accounting and financial management, as well as experience working with Oracle Financials Cloud. Candidates who pass 1Z1-1005 exam will earn the Oracle Financials Cloud: Payables 2018 Implementation Essentials certification, which is recognized by employers and peers in the industry as a mark of excellence and proficiency.

Reference: https://education.oracle.com/oracle-financials-cloud-payables-2018-implementation-essentials/pexam_1Z0-1005

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Oracle 1Z1-1005 Exam consists of 70 multiple-choice questions that need to be answered in 105 minutes. 1Z1-1005 exam covers various topics including configuring and managing invoice processing, setting up and managing suppliers, processing payments, and configuring accounting and financial reporting for payables. To pass the exam, candidates need to score at least 64% of the total marks.

To prepare for the Oracle 1Z1-1005 exam, candidates should have a solid understanding of the concepts and principles of Oracle Financials Cloud: Payables 2018. They should also have experience in implementing and managing the solution in a real-world environment. In addition, candidates may choose to participate in training courses or obtain study materials to help them prepare for the exam.

Oracle 1Z1-1005 Exam Syllabus Topics:

SectionObjectives
Topic 1: Expenses Management- Expense Processing
  • 1. Corporate Card Transactions
  • 2. Receipt Management
  • 3. Expense Reports
  • 4. Employee Reimbursements
  • 5. Expense Auditing
Topic 2: Tax and Accounting- Financial Controls
  • 1. Subledger Accounting
  • 2. Withholding Tax
  • 3. Tax Configuration
  • 4. Accounting Entries
Topic 3: Payment Processing- Payments Configuration
  • 1. Payment Approval
  • 2. Payment Methods
  • 3. Payment Reconciliation
  • 4. Disbursement Setup
  • 5. Payment Process Requests
  • 6. Electronic Payments
Topic 4: Enterprise Structure and Common Financial Setup- Enterprise Structure
  • 1. Business Units
  • 2. Reference Data Sets
  • 3. Legal Entities
  • 4. Ledgers
Topic 5: Invoice Processing- Invoice Lifecycle
  • 1. Approval Management
  • 2. Invoice Validation
  • 3. Invoice Holds
  • 4. Invoice Matching
  • 5. Invoice Entry and Import
  • 6. Prepayments
Topic 6: Reporting and Period Close- Payables Reporting
  • 1. Period Close Process
  • 2. Payables to General Ledger Reconciliation
  • 3. Payables Analytics
  • 4. Payables Reports
Topic 7: Supplier and Master Data Management- Supplier Setup
  • 1. Supplier Profiles
  • 2. Supplier Sites
  • 3. Payment Terms
  • 4. Bank Accounts

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