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To earn the Oracle 1Z0-518 certification, candidates must pass a 120-minute exam consisting of 80 multiple-choice questions. 1Z1-518 exam covers a range of topics, including setup, transactions, receipt processing, credit management, collections, and reporting. Candidates must achieve a passing score of 63% or higher to earn the certification. Oracle EBS R12.1 Receivables Essentials certification is valid for three years, after which candidates must recertify to maintain their credentials.

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

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One of the primary objectives of the Oracle 1Z0-518 exam is to verify that candidates have the necessary skills to configure and implement Oracle EBS Receivables. To be eligible for the exam, candidates should have a minimum of one year of experience in implementing and using Oracle EBS Receivables. Additionally, they should have a good understanding of the Oracle EBS application architecture and how to navigate the various modules within the application.

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Oracle 1Z1-518 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Accounting & Period Close15%- Subledger Accounting
  • 1. Revenue recognition rules
    • 2. Create Accounting program
      - Period Closing
      • 1. Steps to close Receivables period
        • 2. Reconciliation and reporting
          Topic 2: Receivables Overview & Setup20%- System Setup
          • 1. Set up payment terms and invoicing rules
            • 2. Define system options
              - Customer Management
              • 1. Manage parties and customer accounts
                • 2. Customer profiles and sites
                  - Oracle Receivables Process Overview
                  • 1. Key features and interfaces
                    • 2. Position in Order-to-Cash flow
                      Topic 3: E-Business Essentials15%- Shared Entities and Integration
                      • 1. Explain shared entities
                        • 2. Overview of Order-to-Cash lifecycle
                          - Navigating in R12 Oracle Applications
                          • 1. Log in and access applications
                            • 2. Describe EBS R12 architecture and benefits
                              - Flexfields and Workflow
                              • 1. Key flexfields and descriptive flexfields
                                • 2. Workflow and alerts overview
                                  - Multi-Org Fundamentals
                                  • 1. Implementation considerations
                                    • 2. Multi-Org model concepts
                                      Topic 4: Credit Management & Reporting5%- Credit Management Overview
                                      • 1. Credit setup and review
                                        - Reports & Architecture
                                        • 1. Bill Presentment Architecture
                                          • 2. Standard Receivables reports
                                            Topic 5: 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
                                                    Topic 6: Invoicing & Transactions25%- AutoInvoice
                                                    • 1. Handle exceptions and errors
                                                      • 2. Import and validate transactions
                                                        - Process Invoices
                                                        • 1. Correct and adjust transactions
                                                          • 2. Manual invoice entry and completion
                                                            - Tax Processing
                                                            • 1. Tax calculation and setup
                                                              • 2. Integration with E-Business Tax

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