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Oracle E-Business Suite R12.1 Payables allows organizations to streamline their payables processes and manage their suppliers and invoices efficiently. It is a complex software that requires a deep understanding of various areas such as creating and managing accounting entries, managing suppliers' information, and managing invoices. Candidates who are certified in Oracle EBS R12.1 Payables Essentials have shown that they have a thorough understanding of this software, and they can effectively configure and manage it to meet their organization's requirements.

Reference: http://www.oracle.com/partners/en/products/applications/ebs-exam-1z0-517/index.html

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Oracle 1Z1-517 exam, also known as the Oracle EBS R12.1 Payables Essentials exam, is a certification that validates the skills and knowledge of professionals working with Oracle E-Business Suite (EBS) Payables. 1Z1-517 exam is designed for individuals who possess a strong understanding of the functions and features of Oracle EBS Payables and are seeking to enhance their expertise in this area. Passing 1Z1-517 exam demonstrates that a candidate has the necessary skills and knowledge to efficiently manage the accounts payable process within an organization.

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Oracle EBS R12.1 Payables Essentials exam is a multiple-choice exam that consists of 80 questions. 1Z1-517 exam is timed for 120 minutes, and candidates must score a minimum of 60% to pass the exam. 1Z1-517 exam is available in English and Japanese and can be taken at any authorized Oracle testing center.

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Oracle 1Z1-517 Exam Syllabus Topics:

SectionObjectives
Reporting and Controls- Audit and compliance controls
- Standard Payables reports
Accounting and Period Close- Subledger accounting in Payables
- Period end closing procedures
- Reconciliation and reporting
Supplier Management- Supplier sites and controls
- Supplier setup and maintenance
Invoice Management- Invoice adjustments, holds, and approvals
- Invoice creation and validation
- Matching (PO and non-PO invoices)
Payments- Payment methods and formats
- Payment batches and processing
- Payment reconciliation
Oracle Payables Overview- Integration with Oracle E-Business Suite Financials
- Payables application architecture and key concepts

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