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Oracle 1z1-961 exam focuses on a variety of topics related to Oracle Financials Cloud: Payables 2017 implementation, including the setup and configuration of the payables module, invoice processing, payments, reporting, and integration with other financial and procurement modules. Candidates who take 1z1-961 exam will have to demonstrate their proficiency in these areas by answering a series of scenario-based questions that simulate real-world implementation scenarios.

Reference: https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-961

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.

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Passing the Oracle 1z1-961 exam is a testament to the candidate's expertise in implementing and managing the payables module of Oracle Financials Cloud. Oracle Financials Cloud: Payables 2017 Implementation Essentials certification is recognized globally and is highly valued by employers seeking experienced professionals to manage their financial systems. Moreover, the certification demonstrates the candidate's commitment to continuous learning and professional development, which can open up new career opportunities and lead to higher salaries. Candidates who pass the exam receive the Oracle Financials Cloud: Payables 2017 Certified Implementation Specialist certification.

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Oracle 1z1-961 exam is designed specifically for those who wish to demonstrate their expertise in implementing the Oracle Financials Cloud: Payables 2017 solutions. 1z1-961 exam tests the candidate's ability to design, configure and deploy Oracle Financials Cloud solutions, specifically around the payables module, that meet the customer's business requirements.

Oracle 1z1-961 Exam Syllabus Topics:

SectionWeightObjectives
Expenses Management15%- Manage corporate cards
- Set up expense reporting
- Audit expense reports
- Process and approve expense reports
Payments & Bank Reconciliation20%- Customize payment formats
- Void payments and payment security
- Set up payments for disbursement
- Explain bank reconciliations
- Execute Payment Process Request
Invoicing & Supplier Management25%- Explain Integrated Imaging Solution
- Approve invoices
- Manage supplier information
- Create and process invoices
Reporting & Reconciliation12%- Use Business Intelligence Publisher (BIP) reports
- Run Payables to Ledger Reconciliation Report
- Use Oracle Transactional Business Intelligence (OTBI)
Functional Setup Manager & System Configuration20%- Describe Functional Setup Manager
- Configure Business Units
- Configure Payables common setups
Tax, Accounting & Period Close8%- Explain period close process
- Demonstrate Payables accounting concepts
- Process income tax and withholding tax
- Execute 1099 reporting

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