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Oracle 1z1-961 certification exam is an excellent opportunity for professionals who work with Oracle Financials Cloud: Payables and want to validate their knowledge and skills. It covers all aspects of implementing and managing Oracle Payables, including payment processing, payment schedules, and invoicing. Candidates who pass the exam can demonstrate their expertise in Oracle Payables, and position themselves as competent and proficient in managing financial processes in organizations.
To pass the 1z1-961 exam, candidates must have a solid understanding of the role of payables in the financial management process, as well as familiarity with Oracle Fusion Financials concepts, functionalities, and tools. They must also be able to configure payment options, payment methods, payment formats, payment attributes, and payment execution processes, as well as create invoices, credit memos, and bills, configure suppliers and supplier information, and reconcile accounts payable to the general ledger.
| Section | Objectives |
|---|---|
| Topic 1: Accounting and Subledger Integration | - Subledger Accounting Rules - General Ledger Integration - Period Close Process |
| Topic 2: Supplier Management | - Supplier Qualification and Controls - Supplier Creation and Maintenance - Supplier Sites and Controls |
| Topic 3: Tax and Reporting | - Tax Configuration in Payables - Standard Payables Reports - Audit and Compliance Reporting |
| Topic 4: Payments Processing | - Payment Reconciliation - Payment Processing and Scheduling - Payment Methods and Formats |
| Topic 5: Invoice Management | - Invoice Creation and Validation - Invoice Matching (PO and Non-PO) - Invoice Adjustments and Approvals |
| Topic 6: Oracle Financials Cloud Payables Overview | - Payables Setup and Configuration Basics - Payables Business Processes Overview |
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