In fact, there are two ways to prepare for the exam:
The other way is to practice for the exam by solving sample questions like 1Z0-1055-20 exam dumps. This will help you gain experience and also make sure that you are not missing anything out. You can also look at the books, magazines, video tutorials related to finance, payments, and payable.
One way is to study all the material provided in the study guide. You can also prep for the exam by reading the official website of the certification. This will help you gain an overall understanding of the topics covered in the certification.
You should also use your time efficiently while preparing for the exam. You should not spend a lot of time on one topic. It is important to understand the overall structure of the exam. This will help you understand the type of questions that are asked in the exam and how they should be answered. You can also consider sources like blogs, forums, notes by experts, and videos to understand the concepts better.
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The certification exam called the Oracle Financials Cloud: Payables 2020 Implementation Essentials exam, is an essential step towards achieving a professional level of expertise in Payables and Payments. It is also considered the first step in gaining access to the Oracle PS training course for Payables and Payments. The exam is designed to test your knowledge of the latest changes and enhancements for the Payables and Payments functionality in the Oracle Financials Cloud. It focuses on the implementation of the Payables and Payments functionality in the Oracle Financials Cloud.
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| Section | Objectives |
|---|---|
| Topic 1: Accounting and Reporting | - Reconciliation and period close - Accounting entry creation and subledger accounting |
| Topic 2: Invoice Lifecycle and Processing | - Invoice holds and invoice tolerances - Expense report integration - Invoice approval rule setup - Invoice entry and validation |
| Topic 3: Tax and Withholding | - Offset tax and exempt configurations - Tax setup for suppliers |
| Topic 4: Setup and Configuration | - Enterprise and financial structure setup - Payables configuration options - Invoice and distribution configuration - Supplier setup and master data |
| Topic 5: Payments and Disbursements | - Disbursement bank account setup - Payment method and process profile configuration - Payment process requests |
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