You can use this Oracle 1Z0-518 exam study guide to collect all the information about the Oracle E-Business Suite R12.1 Receivables Essentials exam. The Oracle 1Z0-518 certification exam is mainly targeted to those candidates who have some experience or exposure to Oracle E-Business Suite Financial Management technology and want to flourish their career with Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist - Oracle Receivables (OCS) credential.
The Oracle 1Z0-518 certification exam validates your understanding of the Oracle E-Business Suite Financial Management technology and sets the stage for your future progression. Your preparation plan for Oracle E-Business Suite R12.1 Receivables Essentials Certification exam should include hands-on practice or on-the-job experience performing the tasks described in following certification exam syllabus topics.
Oracle 1Z0-518 Exam Details:
| Exam Name | Oracle E-Business Suite R12.1 Receivables Essentials |
| Exam Code | 1Z0-518 |
| Exam Price | USD $245 Price may vary by country or by localized currency) |
| Duration | 120 minutes |
| Number of Questions | 64 |
| Passing Score | 60% |
| Format | Multiple Choice Questions (MCQ) |
| Recommended Training |
R12.2.9 Oracle E-Business Suite Fundamentals R12.x Oracle Receivables Management Fundamentals Training Opportunities for Oracle Partner Network Members Oracle E-Business Suite Essentials Implementation Boot Camp Oracle E-Business Suite R12.1 Accounts Receivable Implementation Boot Camp |
| Schedule Exam | Buy Oracle Training and Certification |
| Sample Questions | Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist - Oracle Receivables (OCS) |
| Recommended Practice | 1Z0-518 Online Practice Exam |
Oracle 1Z0-518 Syllabus Topics:
E-BUSINESS ESSENTIALS |
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| Navigating in R12 Oracle Applications |
- Log in to Oracle Applications - Navigate from Personal Home Page to Applications - Choose a responsibility - Create Favorites and set Preferences - Use Forms and Menus - Enter data using Forms - Search for data using Forms - Access online Help - Run and monitor Reports and Programs - Log out of Oracle Applications |
| Introduction to Oracle Applications R12 |
- Explain the footprint of R12 E-Business Suite - Describe the benefits of R12 E-Business Suite - Describe R12 E-Business Suite architecture |
| Shared Entities and Integration |
- Explain shared entities within R12 E-Business Suite - Describe key integration points and business flows between products in E-Business Suite (EBS) - Identify Key Business Flows and products involved in E-Business Suite (EBS) |
| Fundamentals of Flexfields |
- Describe Flexfields and their components - Identify the steps to implement a Flexfield - Define value sets and values - Define Key Flexfields - Define Descriptive Flexfields |
| Fundamentals of Multi-Org |
- Define Multiple Organization (Multi-Org) - Describe the types of organizations supported in the Multi-Org model - Explain the entities of Multi-Org - Explain how Multi-Org secures data - Identify key implementation considerations for Multi-Org - Define Multi-Org Access Control - Explain Multi-Org preferences - Explain Enhanced Multiple-Organization Reporting - Explain the concepts of subledger accounting |
| Fundamentals of Workflow and Alerts |
- Explain Workflow concepts - Describe the benefits of Workflow |
RECEIVABLES |
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| Process Invoices Using AutoInvoice |
- Describe the AutoInvoice process - Use AutoInvoice - Understand error correction using AutoInvoice Exception Handling |
| Bill Presentment Architecture |
- Explain bill presentment architecture processes - Register data sources - Create templates to present bills - Define rules to assign templates to customers - Print BPA transactions |
| Receipts |
- Describe the receipt process - Apply receipts using different methods - Create chargebacks, adjustments and claims - Use balancing segments - Apply non-manual receipts - Create receipts utilizing different methods |
| Period Closing Process |
- Describe the sub ledger accounting process in Receivables - Define the various actions required to close a period in the Order to Cash flow - Describe the available reports to assist in the closing process - Explain the Create Accounting program and the Revenue Recognition program |
| Order to Cash Lifecycle Overview |
- Describe the overall Order to Cash process from Order Entry through Bank Reconciliation - Discuss the key areas in the Order to Cash lifecycle - Describe integration between applications |
| Manage Parties and Customer Accounts |
- Define the features that let you enter and maintain party and customer account information - Create profile classes and assign them to customer accounts - Create and maintain party and customer account information - Merge parties and customer accounts - Enable customer account relationships - Define TCA party paying relationships - View party and customer account information - Define setup options |
| Credit Management |
- Set up for credit management - Demonstrate credit profile changes - Identify credit management processing - Use workflow and lookups - Review credit management performance - Apply credit hierarchy |
| Implement Receipts |
- Enter setup information relating to receipts - Discuss implementation considerations for Receipts |
| Overview of Oracle Receivables Process |
- Explain where the Receivables process is positioned within the Order to Cash lifecycle - Describe the overall Receivables process - Explain the key areas in the Receivables process - Identify open interfaces to import data into Receivables |
| Process Invoices |
- Describe how the processing of invoices fits into the Receivables process - Enter and complete invoices - Perform other invoice actions - Correct invoices - Print transactions and statements - Use event-based management |
| Implement Customer Invoicing |
- Enter setup information related to invoicing - Discuss the major implementation considerations for customer invoicing |
| Tax Processing |
- Understand the E-Business Tax and Receivables Tax Process - Define Receivables Setup Steps for Tax - Manage Tax Accounting and Tax Adjustments |
The Oracle E-Business Suite Receivables Essentials Certification Program certifies candidates on skills and knowledge related to Oracle E-Business Suite Financial Management products and technologies. The Oracle 1Z0-518 is granted based on a combination of passing exams, training, and performance-based assignments, depending on the level of certification. Oracle E-Business Suite R12.1 Receivables Essentials certification is a real benchmark of experience and expertise that helps you stand out in a crowd among employers. To ensure success, Oracle recommends combining education courses, practice exams, and hands-on experience to prepare for your Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist - Oracle Receivables (OCS) certification exam as questions will test your ability to apply the knowledge you have gained in hands-on practice or professional experience.