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Oracle 1Z1-518 exam measures candidates' knowledge of Oracle E-business Suite (EBS) Receivables R12.1. 1Z1-518 exam requires candidates to showcase their ability to handle the key functionalities of Oracle Receivables, including managing customer accounts, processing invoices, applying cash receipts, creating credit memos, and generating reports. Candidates for this certification must demonstrate proficiency in using Oracle Receivables in order to efficiently process transactions and generate financial statements.

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

Oracle 1Z0-518 certification exam is intended for professionals who want to enhance their skills and knowledge in Oracle Receivables. Oracle EBS R12.1 Receivables Essentials certification is beneficial for individuals who work in roles such as Accounts Receivable Managers, Financial Analyst, and Business Analyst. It is also useful for consultants and IT professionals who work with Oracle E-Business Suite.

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Oracle 1Z1-518 exam consists of 80 multiple-choice questions that the candidates need to complete within 120 minutes. 1Z1-518 exam covers topics like the overview of Oracle Receivables, setting up customers and customer sites, entering and managing transactions, managing receipts, managing collections, and running reports.

Oracle 1Z0-518 exam covers a wide range of topics, including setting up and managing customers and their accounts, processing invoices and receipts, managing credit and collections, and generating reports. 1Z1-518 exam requires a deep understanding of Oracle EBS R12.1 Receivables functionality, including the setup process, security considerations, and integration with other modules. 1Z1-518 exam is suitable for professionals who want to demonstrate their expertise in Oracle Receivables and advance their career in this field.

Oracle 1Z1-518 Exam Syllabus Topics:

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

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