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Oracle 1Z0-518 exam consists of 80 multiple-choice questions that must be answered within a time limit of 120 minutes. 1Z1-518 exam covers topics such as customer setup and management, invoice processing, receipt processing, revenue management, credit memo processing, transaction management, and tax processing.

Oracle 1Z0-518 exam is a challenging and important certification for professionals who are interested in acquiring knowledge and skills in Oracle EBS R12.1 Receivables Essentials. Passing the exam demonstrates the candidate's proficiency in managing and implementing the EBS Receivables module and serves as a validation of their commitment to their professional development and career advancement.

To prepare for the Oracle 1Z0-518 Certification Exam, you need to have a strong understanding of Oracle EBS R12.1 Receivables and its functionalities. You can obtain this knowledge through hands-on experience, training courses, and study materials. Oracle offers several training courses and study materials that can help you prepare for the exam, including Oracle University training courses, Oracle EBS R12.1 Receivables Essentials Exam Study Guide, and Oracle EBS R12.1 Receivables Essentials Exam Practice Test.

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To prepare for the Oracle 1Z0-518 Exam, candidates are encouraged to take training courses and review the exam objectives and study materials provided by Oracle. 1Z1-518 exam objectives cover a broad range of topics, including managing customers and customer accounts, managing invoices and credit memos, managing receipts and cash, managing credit and collections, and managing bills receivable. Additionally, Oracle offers practice exams and other resources to help candidates prepare for the exam.

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

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Oracle 1Z1-518 Exam Syllabus Topics:

SectionObjectives
Topic 1: Operational and Financial Processes- Order to Cash Lifecycle
  • 1. Receivables within the business process
  • 2. Order to cash flow overview
- Period Closing and Reporting
  • 1. Receivables period close tasks
  • 2. Accounting and revenue recognition basics
Topic 2: Receivables Configuration and Setup- Workflow, Alerts and Integration
  • 1. Workflow basics in Receivables
  • 2. Alert configuration and integration points
- Flexfields and Multi-Org Model
  • 1. Key and descriptive flexfields
  • 2. Multi-Org setup and access control
Topic 3: Core Receivables Processes- Receipts and Credits
  • 1. Customer receipts and application methods
  • 2. Chargebacks and credit management fundamentals
- Invoice Processing
  • 1. AutoInvoice usage and error handling
  • 2. Standard invoice creation and adjustments
Topic 4: E-Business Suite Essentials- Introduction to Oracle R12 Architecture
  • 1. Integration and shared entities in EBS
  • 2. R12 E-Business Suite overview and benefits
- Navigation and R12 Oracle Applications
  • 1. Log in, use responsibilities and navigation
  • 2. Forms, menus, and data entry basics

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