JD Edwards EnterpriseOne Financial 9 Management

Essentials (1Z0-522)

Exam Study Guide

Kim Miller

WWA&C Partner Enablement

Objective & Audience

Objective

To help you prepare to take the JD Edwards EnterpriseOne

Financial Management 9 Essentials (1Z0-522) exam by providing

pointers to study resources .

Targeted Audience

• Implementation Consultants (intermediate level)

• 2-3 years of EnterpriseOne Financial Management product

experience

• Participation in 1-3 EnterpriseOne Financial Management

implementations

• Up-to-date training and field experience are strongly

recommended

For Oracle employees and authorized partners only. Do not distribute to third parties.

© 2011 Oracle Corporation – Proprietary and Confidential

Exam Topics & Objectives

Exam Topics

The JD Edwards EnterpriseOne Financial Management 9 Essentials

exam consists of five topics:

1. Common Foundation & Address Book

2. General Ledger

3. Accounts Payable

4. Accounts Receivable

5. Fixed Assets

Exam Objectives

The exam objectives are defined by learner or practitioner

level of knowledge:

• Learner-level: questions require the candidate to recall information to

determine the correct answer.

Example: Define the term network.

• Practitioner-level: questions require the candidate to derive the correct answer

from the application of their knowledge, which can only be attained by extensive

experience with the product.

Example: The client requests xyz functionality, would you recommend a, b or c?

For Oracle employees and authorized partners only. Do not distribute to third parties.

© 2011 Oracle Corporation – Proprietary and Confidential

Training Options

For each exam topic there a number of training options available through Oracle.

The training options are divided into three categories:

• Boot Camps

The Boot Camps are designed as a "jump start" training to enhance your skills

by providing role-based training on industry-leading Oracle solutions and

services. The boot camps are built as concise, intensive and real-time training to

give partners a competitive advantage as they prepare to build powerful

solutions for their customers. Many boot camps are available in a classroom

environment or in a live virtual class format .

• Instructor-Led Training (delivered through Oracle University)

Partners can take any publicly-scheduled Oracle University courses at a

discount. Most courses offer the benefit of hands on experience to help gain a

working knowledge of the product.

• Online Training

Oracle Partners are entitled to free access to the Oracle Knowledge Center

(OUKC), which includes a vast library of recorded product courses. New courses

are regularly added to the library, providing partners with the latest information

and training to master new products or to increase proficiency.

• Oracle Partner-Led Training

iLearnERP: the EOne Academy – a JD Edwards Exam Preparation Tool

For Oracle employees and authorized partners only. Do not distribute to third parties.

© 2011 Oracle Corporation – Proprietary and Confidential

Topic 1: Common Foundation & Address Book

For Oracle employees and authorized partners only. Do not distribute to third parties.

© 2011 Oracle Corporation – Proprietary and Confidential

Objectives Level

Work with User Defined Codes (UDC) Practitioner

Manage Interactive Versions Practitioner

Work with Environments Practitioner

Use the Visual Assist Practitioner

Password Management Practitioner

Work with the Grid Practitioner

Export Grid Data Practitioner

Use the Data Browser to search for data Practitioner

Work with Submitted Jobs Practitioner

Describe the Address Book Practitioner

Navigation using Fast Path Practitioner

Use Fast Keys Practitioner

Auto Populating Information Practitioner

Work with Processing Options Practitioner

Use Address Book Category Codes Practitioner

Interpret Data Warnings and Errors Practitioner

Configure Next Numbers Practitioner

Training Options

• Boot Camp

– JD Edwards EnterpriseOne 9.0 Common Foundations Implementation Boot Camp

• Instructor Led Training (delivered by Oracle University)

– JD Edwards EnterpriseOne Common Foundation Rel 9.0

– JD Edwards EnterpriseOne Address Book 9.0

• Online Training

– JD Edwards EnterpriseOne Common Foundation Rel 9.0 - RWC

– Fundamentals of JD Edwards EnterpriseOne

Sample Questions

• JD Edwards EnterpriseOne is known for providing a low TCO. What does TCO mean?

A. Total Cost of Operations

B. Total Cost of Ownership

C. Technical Cost of Operating

D. Technical Cost of Ownership

• Information can be exported from a grid to which types of files? (select 3)

A. Excel spreadsheet

B. Word document

C. Comma Separated Value (CSV) file

D. Exporting from the grid is not allowed

E. Acrobat file

• Every financial transaction, regardless of activity or source, flows to _____.

A. several General Ledger files, depending on its origin

B. the General Ledger file via a Common Foundation file

C. one common General Ledger file

D, an Excel spreadsheet

Topic 1: Common Foundation & Address Book

Topic 2: General Accounting

For Oracle employees and authorized partners only. Do not distribute to third parties.

© 2011 Oracle Corporation – Proprietary and Confidential

Objectives Level

Describe General Ledger Business Processes Learner

Set Up & Configure the General Ledger Learner

Set Up General Accounting AAI’s Learner

Set up DMAAI’s Practitioner

Work with Category Codes Learner

Set Up Intercompany Settlements Learner

Revise the Organization Practitioner

Process Journal Entries Learner

Set Up Allocations Learner

Use Account Reconciliation Learner

Update & Review Tax Information Learner

Review General Accounting Reports & Inquiries Learner

Review General Accounting Integrity Reports Practitioner

Review Financial Reports Learner

Set Up Multicurrency Learner

Process Online Consolidations Learner

Work with Budgets Learner

Troubleshoot the General Ledger Practitioner

Forecasting Cash Practitioner

Topic 2: General Accounting

Training Options

• Boot Camp

– JD Edwards EnterpriseOne Release 9.0 Financials Implementation Boot Camp

• o Instructor Led Training (delivered by Oracle University)

– JD Edwards EnterpriseOne General Accounting Rel 9.x

– JD Edwards EnterpriseOne Organization and Chart of Accounts Setup 9.0

• o Online Training

– JD Edwards EnterpriseOne User Productivity Kit 8.12 General Ledger

Sample Questions

• Describe the function of the Fiscal Date Pattern.

A. It defines the beginning date for the fiscal year and the ending date for each period in

that year.

B. It defines all of the years that the company has been in business and future years for which

the company expects to do business.

C. It defines the beginning date for the calendar year and the ending date for each period in that

year.

D. It defines the beginning date for the calendar year and the ending date for each fiscal period

in that year.

• Which are true statements about the Parent Company? (select 3)

A. It is the highest level of the reporting structure

B. The Fiscal Year Pattern is defined at the Parent Company level

C. A Balance Sheet can be produced at the Parent Company level

D. A Balance Sheet can NOT be produced at the Parent Company level

E. It is the lowest level of the reporting structure

• Which are true statements about Business Units? (select 2)

A. It is the highest level of the reporting structure

B. Each Business Unit can be assigned to a single company within the organizational

structure

C. Each Business Unit can be assigned to multiple companies within the organizational

structure

D. Lowest organizational level where all revenues, expenses, assets, liabilities, and

equities are recorded

For Oracle employees and authorized partners only. Do not distribute to third parties.

© 2011 Oracle Corporation – Proprietary and Confidential

Topic 3: Accounts Payable

For Oracle employees and authorized partners only. Do not distribute to third parties.

© 2011 Oracle Corporation – Proprietary and Confidential

Objectives Level

Describe the Accounts Payable Business Processes Learner

Set Up Components for Accounts Payable Learner

Implement AAI’s for Accounts Payable Learner

Set Up Suppliers Learner

Perform the Procure to Pay Process Practitioner

Match Vouchers Learner

Process Vouchers Learner

Post Accounts Payable Transactions to the General Ledger Learner

Set Up Automatic Payment Processing Learner

Create Automatic Payments Learner

Process Manual Payments Learner

Approve & Post Payments to the General Ledger Learner

Update & Review Tax Information Learner

Process 1099 Year end Learner

Review Accounts Payable Reports Learner

Review Accounts Payable Integrity Reports Practitioner

Troubleshoot Automatic Payments Practitioner

Troubleshoot Accounts Payable Vouchers Practitioner

Work with Accounts Payable Drafts Practitioner

Topic 3: Accounts Payable

Training Options

• Boot Camp

– JD Edwards EnterpriseOne Release 9.0 Financials Implementation Boot Camp

• o Instructor Led Training (delivered by Oracle University)

– JD Edwards EnterpriseOne Accounts Payable 9.x

• o Online Training

– JD Edwards EnterpriseOne User Productivity Kit 8.12 Accounts Payable

Sample Questions

• Which are types of Procurement? (select 3)

A. Farming

B. General Accounting

C. Subcontracting

D. Non-Stock

E. Stock

• Which are methods of Accounts Payable’s Voucher Match process? (select 2)

A. One Way Match

B. Two Way Match

C. Three Way Match

D. Four Way Match

• What must happen prior to making a payment to a supplier?

A. A Supplier Master must be created

B. A Customer Master must be created

C. Payroll checks must be run before Accounts Payable checks can be printed

D. The Suppliers phone number must be entered into the Address Book

For Oracle employees and authorized partners only. Do not distribute to third parties.

© 2011 Oracle Corporation – Proprietary and Confidential

Topic 4: Accounts Receivable

For Oracle employees and authorized partners only. Do not distribute to third parties.

© 2011 Oracle Corporation – Proprietary and Confidential

Objectives Level

Describe the Accounts Receivable Business Processes Learner

Set Up Components for Accounts Receivable Learner

Implement AAI’s for Accounts Receivable Learner

Set Up Payment Terms & Advanced Payment Terms Practitioner

Set Up End User Sales Tax Practitioner

Accounts Receivable User Defined Codes Learner

Explain the A/R Credit & Collections Process Practitioner

Define the Line of Business Learner

Perform the Customer Master Set Up Learner

Perform the Accounts Receivable Invoice Process Learner

Perform the Invoice Post Process Learner

Perform the Order to Cash Process Practitioner

Perform the A/R Manual Cash Receipts Process Learner

Perform the A/R Automatic Cash Receipts Process Learner

Perform the Accounts Receivable Draft Process Practitioner

Post Receipts to the General Ledger Learner

Perform the Cash Receipts Revision Learner

Perform Credit Reimbursements Process Practitioner

Perform the Accounts Receivable Netting Process Practitioner

Perform the Customer Ledger Inquiry Learner

Review & Maintain Tax Information Learner

Review Accounts Receivable Reports Learner

Review Credit & Collections Reports Learner

Review Accounts Receivable Integrity Reports Learner

Topic 4: Accounts Receivable

Training Options

• Boot Camp

– JD Edwards EnterpriseOne Release 9.0 Financials Implementation Boot Camp

• o Instructor Led Training (delivered by Oracle University)

– JD Edwards EnterpriseOne Accounts Receivable Rel 9.x

• o Online Training

– JD Edwards EnterpriseOne User Productivity Kit 9.0 for Accounts Receivable

Sample Questions

• Which are steps involved in processing an invoice? (select 3)

A. Review & Approve Invoices

B. Post Invoices to the General Ledger

C. Enter Invoices

D. Enter Suppliers

E. Remove selected AAI’s

• Which is becomes part of the header information when an invoice is entered through standard

invoice entry?

A. Employee Number

B. Supplier Number

C. Invoice Date

D. Payment Term

• What is the advantage of Speed Invoice Entry over standard invoice entry?

A. There is no advantage.

B. B. Standard Invoice Entry captures more information than Speed Invoice Entry

C. Although Speed Invoice Entry captures less information than Standard Invoice

Entry, it is quicker when entering large numbers of invoices

D. D. Speed Invoice Entry is slower than Standard Invoice Entry

For Oracle employees and authorized partners only. Do not distribute to third parties.

© 2011 Oracle Corporation – Proprietary and Confidential

Topic 5: Fixed Assets

For Oracle employees and authorized partners only. Do not distribute to third parties.

© 2011 Oracle Corporation – Proprietary and Confidential

Objectives Level

Describe Fixed Asset AAI’s Practitioner

Set Up Disposal Rules Practitioner

Explain Depreciation Defaults Practitioner

Set Up User Defined Depreciation Practitioner

Explain Category Code Mapping Practitioner

Manage Asset Records Practitioner

Track Asset Locations Practitioner

Process General Ledger Entries for Fixed Assets Practitioner

Calculate Asset Depreciation Practitioner

Process Fixed Asset Journal Entries Practitioner

Split Assets Practitioner

Transfer Assets to a New Location Practitioner

Dispose of Fixed Assets Practitioner

Review Standard Fixed Asset Reports Practitioner

Review Fixed Asset Integrity Reports Practitioner

Perform Year-End Processes for Fixed Assets Practitioner

Perform Fixed Asset Global Updates Practitioner

Topic 5: Fixed Assets

Training Options

• Boot Camp

– JD Edwards EnterpriseOne Release 9.0 Financials Implementation Boot Camp

• o Instructor Led Training (delivered by Oracle University)

– JD Edwards EnterpriseOne Fixed Assets Accounting Rel 9.x

• o Online Training

– JD Edwards EnterpriseOne User Productivity Kit 9.0 for Fixed Assets Accounting

Sample Questions

• What program is used to change the location of an asset?

A. Business Unit Master

B. Branch/Plant

C. Location Transfer

D. It is not possible to transfer an asset once it is established in a location

• When are Fixed Asset entries posted to the General Ledger? (select 2)

A. When an asset is acquired

B. When disposing of an asset

C. Information from Fixed Assets does not flow to the General Ledger

D. Whenever the General Ledger post program is run, regardless of the application for which

it is run

For Oracle employees and authorized partners only. Do not distribute to third parties.

© 2011 Oracle Corporation – Proprietary and Confidential

Exam Registration

• How to register for the exam?

You can register for all Oracle certification exams with Pearson VUE. Before a

registration can be submitted, a Pearson VUE profile must be created using your

Company ID. Your Company ID can be obtained by contacting your local Oracle

Partner Business Center or by signing in to your OPN account. Your Company

ID is located in the section on the right under "Company information".

Please follow these instructions in order to properly set-up your Pearson VUE

account for the first time.

• Have you completed an Oracle Certification Exam in the past?

Due to systems enhancements, each partner who has completed an Oracle

Certification Exam will need to update their Pearson VUE profile in order to

receive credit and for those records to appear in the OPN Competency Center.

• How to get full recognition as Certified Implementation Specialist?

To get full recognition as a Certified Implementation Specialist you need to:

A. Update your Pearson VUE profile with your Company ID

B. Activate your Certview Account

Please follow these instructions and your records will be properly recorded.

For Oracle employees and authorized partners only. Do not distribute to third parties.

© 2011 Oracle Corporation – Proprietary and Confidential

For Oracle employees and authorized partners only. Do not distribute to third parties.

© 2011 Oracle Corporation – Proprietary and Confidential