Oracle Financials Cloud: Payables 2017 Implementation Essentials (1Z0-961) Practice Exam

Oracle Financials Cloud: Payables 2017 Implementation Essentials (1Z0-961) is a certification exam designed to validate a candidate's knowledge and skills in implementing and managing the Payables module within Oracle’s Financials Cloud. This certification covers essential topics such as supplier management, invoice processing, payment processing, and reporting. By successfully passing the exam, candidates demonstrate their capability to configure the Payables module effectively, ensuring efficient management of accounts payable processes and enhancing financial operations within an organization.
Why is Oracle Financials Cloud: Payables 2017 Implementation Essentials (1Z0-961) important?

• Validates expertise in Oracle's Payables module functionalities.
• Boosts career prospects in financial management and accounts payable roles.
• Demonstrates proficiency in managing supplier relationships and invoices.
• Ensures compliance with financial regulations and accounting standards.
• Improves efficiency in payment processing and financial reporting.
• Provides knowledge on integrating Payables with other financial modules in Oracle Cloud.
• Increases credibility for finance professionals utilizing Oracle Financials Cloud.

Who should take the Oracle Financials Cloud: Payables 2017 Implementation Essentials (1Z0-961) Exam?

• Oracle Financial Consultants
• Accounts Payable Managers
• Financial Analysts
• Implementation Consultants for Oracle Payables
• Supplier Relationship Managers
• Accounting Software Specialists
• Cloud Solutions Architects focusing on finance
• ERP Project Managers

Skills Evaluated

Candidates taking the certification exam on the Oracle Financials Cloud: Payables 2017 Implementation Essentials (1Z0-961) is evaluated for the following skills:

• Configuring and managing Oracle Financials Cloud: Payables.
• Processing supplier invoices and managing payment cycles.
• Generating financial reports related to payables.
• Managing supplier and invoice workflows effectively.
• Integrating the Payables module with other financial applications.
• Ensuring compliance with regulatory requirements in accounts payable.
• Utilizing best practices in accounts payable management.

Oracle Financials Cloud: Payables 2017 Implementation Essentials (1Z0-961) Certification Course Outline
The Oracle Financials Cloud: Payables 2017 Implementation Essentials (1Z0-961) Certification covers the following topics -

Module 1. Invoicing

• Explaining the Integrated Imaging Solution

• Creating invoices

• Approving Invoices

• Managing supplier information

Module 2. Payments

• Creating a payment

• Executing a Payment Process Request

• Void a payment

• Explaining Bank Reconciliations

• Customizing Payment Formats

• Setting up payments for disbursement

• Explaining payment security

• Explaining payment approvals

Module 3. Expenses

• Explaining expense reporting

• Approving expense reports

• Processing expense reimbursements

• Managing Corporate Cards

• Auditing Expense Reports

• Setting up Expenses

Module 4. Reporting

• Explaining how to design and use various reporting tools

• Explaining Oracle Transactional Business Intelligence (OTBI)

• Using Business Intelligence Publisher (BIP) Reports

• Using the Payables to Ledger Reconciliation Report

• Processing intercompany reconciliations

Module 5. Other Payables Topics

• Processing Income Tax and Withholding tax calculations

• Explaining the Close process

• Configuring Payables Setups

• Configuring Business Units

• Demonstrating payables accounting concepts

• Executing 1099 Reporting

• Describing the Functional Setup Manage