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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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Reference: https://education.oracle.com/oracle-financials-cloud-payables-2020-implementation-essentials/pexam_1Z0-1055-20

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Oracle 1z0-1055-20 Exam Syllabus Topics:

SectionObjectives
Supplier Management- Supplier setup and maintenance
  • 1. Supplier classifications and controls
    • 2. Supplier creation and sites
      Controls and Automation- Automation and compliance features
      • 1. Approval workflows
        • 2. Invoice matching and controls
          Payables Configuration- Common setup and application configuration
          • 1. Configure accounting options
            • 2. Manage Payables options
              Accounting and Reporting- Payables accounting integration
              • 1. Period close and reconciliation
                • 2. Subledger accounting rules
                  Invoice Processing- Invoice entry and validation
                  • 1. Invoice validation and approval workflows
                    • 2. Manual and automated invoice creation
                      Payments Processing- Payment setup and execution
                      • 1. Payment methods and formats
                        • 2. Payment processing and reconciliation

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