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1Z0-517 Oracle E-Business Suite R12.1 Payables Essentials

April 10, 2018 by admin

Exam Number: 1Z0-517
Exam Title: Oracle E-Business Suite R12.1 Payables Essentials

Duration: 150 minutes
Number of Questions: 80 for both sections combined
Passing Score: E-business Essentials – 60% Oracle Payables 60%
Validated Against:  This exam has been validated against Oracle E-Business Suite 12 and 12.1
Format: Multiple Choice

Complete Recommended Training

Complete the training below to prepare for your exam (optional):

R12.x Oracle E-Business Suite Essentials for Implementers

Additional Preparation and Information

A combination of Oracle training and hands-on experience (attained via labs and/or field experience) provides the best preparation for passing the exam.
Resources available to partners only
Training Opportunities for Oracle Partner Network Members
Oracle E-Business Suite Essentials Implementation Boot Camp paired with one of the boot camps below
Oracle E-Business Suite R12.1 Accounts Payable Implementation Boot Camp
Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Payables Boot Camp
OPN Guided Learning Path: Oracle E-Business Suite Financial Management Certified Implementation Specialist: Oracle Payables
Training Resources by Exam Topics
These earlier courses are still valid exam preparation tools but are no longer being scheduled:
Oracle E-Business Suite R12: E-Business Essentials
R12 Oracle Payables Management Fundamentals
R12.x Oracle Payables Management Fundamentals

E-BUSINESS ESSENTIALS

Navigating in R12 Oracle Applications
Log in to Oracle Applications
Navigate from Personal Home Page to Applications
Choose a responsibility
Create Favorites and set Preferences
Use Forms and Menus
Enter data using Forms
Search for data using Forms
Access online Help
Run and monitor Reports and Programs
Log out of Oracle Applications

Introduction to Oracle Applications R12
Explain the footprint of R12 E-Business Suite
Describe the benefits of R12 E-Business Suite
Describe R12 E-Business Suite architecture

Shared Entities and Integration
Explain shared entities within R12 E-Business Suite
Describe key integration points and business flows between products in E-Business Suite (EBS)
Identify Key Business Flows and products involved in E-Business Suite (EBS)

Fundamentals of Flexfields
Describe Flexfields and their components
Identify the steps to implement a Flexfield
Define value sets and values
Define Key Flexfields
Define Descriptive Flexfields

Fundamentals of Multi-Org
Define Multiple Organization (Multi-Org)
Describe the types of organizations supported in the Multi-Org model
Explain the entities of Multi-Org
Explain how Multi-Org secures data
Identify key implementation considerations for Multi-Org
Define Multi-Org Access Control
Explain Multi-Org preferences
Explain Enhanced Multiple-Organization Reporting
Explain the concepts of subledger accounting

Fundamentals of Workflow and Alerts
Explain Workflow concepts
Describe the benefits of Workflow

PAYABLES

Procure to Pay Overview
Describe the procure-to-pay process flow
Describe the key areas in the procure-to-pay process
Describe how the procure-to-pay process fits into the Oracle E-Business Suite of applications

Transaction Taxes in Payables
Compute transaction taxes for invoices
Insert manual tax lines and update transaction tax lines
View tax summary and details
Identify key reports related to transaction taxes
Describe setup options in EB Tax & Payables
Describe transaction taxes in Payables
Describe treatment of different types of taxes (offset tax, recoverable tax, tax on prepayment, and others)

Withholding Tax
Identify the withholding tax process
Use withholding tax options
Process manual withholding tax invoices
Create withholding tax on Standard Invoices, Recurring Invoices and Application of Prepayment
Process automatic withholding tax invoices

Advances and Progressive Contract Financing
Describe the purpose of complex service contracts
Identify advances, contract financing and progress payment invoices
Calculate retainage
Recoup prepaided amounts for complex service contract
Calculate tax

Payables Overview
Describe the Payables process flow
Describe the key areas in the Payables process
Identify Payables integration points
Identify open interfaces to import data into Payables
Set up and use Multiple Organization Access Controls (MOAC)

Suppliers
Define suppliers and supplier sites
Identify key reports related to suppliers and supplier sites
Describe setup options – Purchasing
Describe additional implementation considerations related to suppliers
Describe setup options – Receiving
Describe setup options – Others

Payments
Describe the payment process
Set up banks and bank accounts
Enter single payments
Process multiple payments
Review and adjust payments
Set up and create bills payable
Create, apply, and release holds on prepayments
Reconcile payments with Oracle Cash Management
Use key standard reports
Describe key setup options
Describe additional implementation considerations related to payments
Describe Payment Manager

Invoices
Import/Enter invoices and invoice distributions
Match to purchase orders
Validate invoices
Apply and release holds
Describe invoice approval workflow
Describe key reports
Describe setup options
Describe additional implementation considerations related to invoices

Expense Reports and Credit Cards
Process various types of expense report
Enter expense report templates
Enter expense reports
Apply advances
Process procurement cards and credit cards

Period Close
Describe activities to be performed during the Period Close process in Payables and Purchasing
Reconcile accounts payable transactions for the period
Identify key programs and reports related to Period Close
Describe setup options related to Period Close
Describe additional implementation considerations related to Period Close
Explain the prerequisites for the Period Close process
Transfer from Payables to General Ledger

QUESTION 1
What is a benefit of the secondary tracking segment?

A. Additional security ensures that correct accounts are selected while entering transactions.
B. The Management segment is enabled automatically when the secondary segment is defined.
C. More details are provided to retained earnings, cumulative translation adjustments, and
revaluation gains/losses accounts.

Answer: C

QUESTION 2
Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports,
recurring journals, mass allocations, and manual journal entries have been posted for their
European subsidiary. What is the next logical step in the period-close process?

A. opening the next period
B. closing the current period
C. revaluing foreign currency balances
D. translating to the functional currency
E. consolidating to the parent set of books

Answer: C

QUESTION 3
Select two actions that ledger sets permit. (Choose two.)

A. performing variance inquiries
B. being used for mass budgets
C. sending budget balance inquiries
D. viewing account balances for multiple ledgers in one view
E. grouping multiple ledgers that share the same chart of accounts and calendar

Answer: D,E

QUESTION 4
Select three activities that must be performed to complete the setup of the key accounting flexfield.
(Choose three.)

A. Create aliases.
B. Define a value set.
C. Define security rules.
D. Define an account structure.
E. Define valid segment values.
F. Create account combinations.

Answer: B,D,E

QUESTION 5
Which two statements are true about the reporting currency in Oracle General Ledger? (Choose two.)

A. It is an integrated extension of a ledger.
B. It replaces multiple reporting currencies.
C. Reporting currencies are the same as secondary ledgers.
D. Reporting currencies cannot have the same chart of accounts, accounting method, and ledger
processing options.

Answer: A,B

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