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Achieving the Oracle 1Z1-1005 certification demonstrates the candidate's proficiency in implementing and configuring the Oracle Financials Cloud: Payables application. Oracle Financials Cloud: Payables 2018 Implementation Essentials certification is recognized globally and is highly valued by organizations that use Oracle Financials Cloud. Certified professionals can expect to have better career prospects and higher salaries than their non-certified counterparts. Additionally, the certification also provides an opportunity for professionals to enhance their skills and knowledge in the field of financials management.
Passing the Oracle 1Z1-1005 certification exam demonstrates a strong understanding of the payables implementation process in the Oracle Financials Cloud. Certification holders can showcase their skills in configuring payables, setting up invoice processing, managing payments, and creating accounting entries. Oracle Financials Cloud: Payables 2018 Implementation Essentials certification is highly regarded in the finance and accounting industry and can help professionals stand out in the job market. Additionally, it can provide professionals with career growth opportunities and higher salaries.
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Tax and Accounting | 13% | - Period Close Process - Withholding and Income Tax - Payables to Ledger Reconciliation - Payables Accounting Entries |
| Topic 2: Expenses | 15% | - Expense Audit and Approval - Corporate Card Management - Expense Report Setup - Expense Reimbursement |
| Topic 3: Reporting and Analytics | 10% | - Custom Reporting Tools - OTBI and BIP Reports - Standard Payables Reports |
| Topic 4: Payments | 20% | - Payment Formats and Disbursement - Bank Setup and Reconciliation - Payment Process Requests - Payment Holds and Releases |
| Topic 5: Payables Setup and Configuration | 20% | - General Payables Options - Supplier Configuration - Business Units and Legal Entities - Functional Setup Manager |
| Topic 6: Invoicing | 22% | - Integrated Imaging Solution - Invoice Matching and Corrections - Invoice Approval and Validation - Invoice Creation and Types |
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