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Oracle 1Z1-518 Certification Exam is designed to test the knowledge and skills of professionals in implementing and using the Oracle E-Business Suite (EBS) R12.1 Receivables module. 1Z0-518 exam covers various topics related to creating and managing invoices, processing payments, managing receipts, and performing various other tasks related to the receivables module. Passing 1Z0-518 exam is a great way for professionals to demonstrate their expertise and proficiency in using the Oracle EBS R12.1 Receivables module.

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Oracle EBS R12.1 Receivables Essentials exam, also known as the 1Z1-518 exam, is a certification exam that is designed to test the knowledge and skills of professionals who are involved in the management of accounts receivables in an Oracle E-Business Suite environment. 1Z0-518 exam is primarily focused on testing the candidate's knowledge of the E-Business Suite Receivables functionality, including the setup, processing, and reporting features of the software.

Reference: http://www.oracle.com/partners/en/products/applications/ebs-exam-1z0-518/index.html

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Oracle 1Z0-518 exam contains multiple-choice questions and covers a wide range of topics related to Oracle Receivables. 1Z0-518 exam covers topics such as setting up customers, creating invoices, managing receipts, and using Oracle Receivables to manage credit and collections. 1Z0-518 exam also covers advanced topics such as managing disputes and managing bill presentment architecture.

Oracle 1Z0-518 Exam Syllabus Topics:

SectionWeightObjectives
Invoicing & Transactions25%- Process Invoices
  • 1. Correct and adjust transactions
    • 2. Manual invoice entry and completion
      - Tax Processing
      • 1. Integration with E-Business Tax
        • 2. Tax calculation and setup
          - AutoInvoice
          • 1. Handle exceptions and errors
            • 2. Import and validate transactions
              Credit Management & Reporting5%- Credit Management Overview
              • 1. Credit setup and review
                - Reports & Architecture
                • 1. Bill Presentment Architecture
                  • 2. Standard Receivables reports
                    Receipts & Applications20%- Receipt Handling
                    • 1. Adjustments, chargebacks, and deductions
                      • 2. Reconciliation processes
                        - Implement Receipts
                        • 1. Apply receipts to invoices
                          • 2. Manual and automatic receipt creation
                            Receivables Overview & Setup20%- Oracle Receivables Process Overview
                            • 1. Position in Order-to-Cash flow
                              • 2. Key features and interfaces
                                - System Setup
                                • 1. Define system options
                                  • 2. Set up payment terms and invoicing rules
                                    - Customer Management
                                    • 1. Manage parties and customer accounts
                                      • 2. Customer profiles and sites
                                        E-Business Essentials15%- Flexfields and Workflow
                                        • 1. Key flexfields and descriptive flexfields
                                          • 2. Workflow and alerts overview
                                            - Shared Entities and Integration
                                            • 1. Overview of Order-to-Cash lifecycle
                                              • 2. Explain shared entities
                                                - Multi-Org Fundamentals
                                                • 1. Implementation considerations
                                                  • 2. Multi-Org model concepts
                                                    - Navigating in R12 Oracle Applications
                                                    • 1. Log in and access applications
                                                      • 2. Describe EBS R12 architecture and benefits
                                                        Accounting & Period Close15%- Period Closing
                                                        • 1. Steps to close Receivables period
                                                          • 2. Reconciliation and reporting
                                                            - Subledger Accounting
                                                            • 1. Revenue recognition rules
                                                              • 2. Create Accounting program

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