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Oracle 1Z1-1055 certification exam covers various topics, including managing payable invoices, managing suppliers, processing payments, managing bank accounts, managing expense reports, and using Financials Intelligence. Candidates who pass 1Z1-1055 exam will have demonstrated their proficiency in configuring and implementing these processes to optimize financial operations within an organization. Moreover, a certification in Oracle Financials Cloud Payables 2019 Implementation Essentials indicates that the individual has the skills and knowledge required to ensure accurate and timely payment to suppliers, streamline payment processes, and avoid payment errors.
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To be eligible for the 1Z1-1055 exam, you need to have a basic knowledge of financial accounting, including accounts payable processes, journal entries, payment methods, payment processing, and reporting. You should also possess practical experience working on Oracle Financials Cloud applications, including security management, general ledger, and cash management. Additionally, it is essential to have experience with software implementation methodologies, project management methodologies, and cloud computing principles.
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Oracle 1Z1-1055 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Expense Management | 15% | - Manage Expense Approvals - Process Expense Reimbursements - Enter and Audit Expense Reports - Configure Expense Policies - Integrate Expenses with Payables |
| Invoice Processing | 25% | - Create and Enter Invoices - Process Withholding and Income Tax - Manage Invoice Matching - Perform Invoice Validation - Apply Holds and Releases |
| Reporting, Reconciliation and Period Close | 15% | - Perform Payables to Ledger Reconciliation - Use BI Publisher and OTBI Reporting - Use Payables Standard Reports - Explain Integrated Imaging Solutions - Manage Period Close Process |
| Payables Setups | 20% | - Define Subledger Accounting - Manage Supplier Master Data - Configure Payables System Options - Configure Business Units - Manage Reference Data Sets |
| Payments Configuration and Processing | 25% | - Manage Payment Approvals and Security - Account for Payments - Create and Process Payments - Setup Payment Methods and Formats - Manage Bank Accounts and Payment Systems |
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