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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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Oracle 1z0-1055-20 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Tax and Withholding | - Tax setup for suppliers - Offset tax and exempt configurations |
| Topic 2: Setup and Configuration | - Enterprise and financial structure setup - Payables configuration options - Invoice and distribution configuration - Supplier setup and master data |
| Topic 3: Invoice Lifecycle and Processing | - Expense report integration - Invoice approval rule setup - Invoice holds and invoice tolerances - Invoice entry and validation |
| Topic 4: Accounting and Reporting | - Accounting entry creation and subledger accounting - Reconciliation and period close |
| Topic 5: Payments and Disbursements | - Payment process requests - Disbursement bank account setup - Payment method and process profile configuration |
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