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Last Updated: Aug 20, 2026
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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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| Section | Objectives |
|---|---|
| Setup and Configuration | - Enterprise and financial structure setup - Supplier setup and master data - Invoice and distribution configuration - Payables configuration options |
| Payments and Disbursements | - Disbursement bank account setup - Payment method and process profile configuration - Payment process requests |
| Accounting and Reporting | - Reconciliation and period close - Accounting entry creation and subledger accounting |
| Tax and Withholding | - Tax setup for suppliers - Offset tax and exempt configurations |
| Invoice Lifecycle and Processing | - Invoice approval rule setup - Invoice holds and invoice tolerances - Expense report integration - Invoice entry and validation |
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