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Advanced Functional Implementation 1z0-415 Test Exam Praparation
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Exam 1Z0-415: Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials
The name of the exam is Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials, and the code of the exam is IZ0-415. It is meant for business personnel and can lead the candidates to attaining the OPN Technical Specialist Certification. The exam will comprise of a total of 80 multiple choice questions, within a duration of 120 minutes. The domains and topics over which the candidates can be assessed are as follows: OPD Certified Specialist
Basic Instructions and Retail Telling:
The candidates need to be familiar with topics of supported standing instructions, product definition creation, application of enriching specific instructions, FlexCube Teller Module, Retail Teller Product Setup configuration, ARC (Address Resolution Client) and workflow maintenances, cash and cheque transactions, demand draft transactions, foreign exchange transactions, and balancing of the till.
Immovable Asset, Expenditures, and Loaning:
It is required that the test takes are well versed in the topics of fixed asset and lending maintenance. They also need to have a good understanding of product definition configuration, contract input creation, operation navigation, payment and collection methodology, application procedures for a loan account, and using life cycle in consumer lending, if they are to score a reasonable total in the exam. 1Z0-415
Money Market, Foreign Exchange, and Transfer of Funds:
Test takers are expected to have in-depth and extensive knowledge of creating product definitions and maintenances, and navigating thoroughly through the maintenances. They must know about the types of fund transfers, the various contract inputs, the appropriate navigation operations, the suitable methodology for settlement creation, the application of life cycle processing for Foreign Exchange deals, and the utilization of revaluation.
Maintenance and Transaction of LC (Letters of Credit), and NR (Nostro Reconciliation):
Being well acquainted with configuration of matching rules and reconciliation classes, free format texts, good and clause code maintenance, document and product setup, product specific contracts, import and export of letters of credit, reimbursement lodging for LC, and resolving of the LCs is necessary.
Maintenance and Transactions of Bills and Collections:
This section necessities for the candidates to be well versed in topics such as import and export of bills under LC, lodging and honoring of reimbursements, and forfaiting of bills.
How to Prepare For the Exam?
In order to score a competitive total in the exam, the candidates need to thoroughly and extensively peruse the aforementioned topics. They can also get themselves registered for the exam-specific study guides designed by the Oracle University, prior to sitting for the test. Additionally, they can purchase the resource material, called brain dumps, online. Such material contains sample questions, and their detailed answers, which can be utilized by the candidates to gain familiarity to the exam format.
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