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Oracle EBS R12.1 Receivables Essentials certification is recognized globally and demonstrates the candidate's proficiency in Oracle Receivables. Oracle EBS R12.1 Receivables Essentials certification is highly recommended for professionals who work with Oracle E-Business Suite Receivables, such as accounts receivable managers, financial analysts, and consultants. Oracle EBS R12.1 Receivables Essentials certification validates the candidate's knowledge and skills in managing customer accounts, creating invoices, and applying cash to customer accounts.

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

Oracle 1Z1-518 Exam Syllabus Topics:

SectionObjectives
Topic 1: Accounting and Reconciliation- Receivables Accounting
- Subledger Accounting Integration
Topic 2: Reporting and Period Close- Standard Receivables Reports
- Period End Closing Activities
Topic 3: Receipts Processing- Manual and Automatic Receipts
- Lockbox Processing
Topic 4: Receivables Setup- Transaction Types and Transaction Sources
- System Options and Profile Options
Topic 5: Transactions Management- Invoice Creation and Processing
- Credit Memos and Adjustments

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