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Oracle Financials Cloud: Payables 2021 Implementation Essentials exam covers a wide range of topics, including invoicing, payments, accounting, and financial reporting. Candidates will be tested on their ability to configure and manage these functionalities, as well as their understanding of key financial concepts and best practices.
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The Oracle Financials Cloud: Payables 2021 Implementation Essentials certification exam covers a range of topics including the implementation of Oracle Financials Cloud Payables, setting up suppliers and supplier portals, managing invoices, payments and approvals, and configuring financial reporting. 1Z0-1055-21 exam also covers topics related to ledger and subledger accounting, tax, and intercompany transactions.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Payables Configuration and Setup | 20% | - Configure Payables and Payments - Manage Business Units - Manage Suppliers - Integrated Imaging Solution |
| Topic 2: Invoices and Subledger Accounting | 25% | - Manage Subledger Accounting - Manage Withholding and Transaction Taxes - Create and Account for Invoices - Invoice Approvals |
| Topic 3: Expense Management | 20% | - Process Expense Reimbursements - Manage Expense Approval - Audit Expense Reports - Manage Corporate Cards - Enter Expense Reports |
| Topic 4: Reporting and Period Close | 15% | - OTBI and BIP Reports - Period Close Process - Payables to Ledger Reconciliation |
| Topic 5: Payments and Bank Reconciliation | 20% | - Manage Payment Approvals - Bank Reconciliations - Create and Process Payments |
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