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Oracle E Business Suite R12.1 Receivables Essentials exam is aimed at professionals who have already gained experience in managing financial processes, specifically those related to receivables management. It is designed for financial business analysts, functional implementer, financial consultants, invoice validation experts, and any other finance professionals who want to demonstrate their ability to manage receivables processes on the E Business Suite R12.1 platform. 1Z0-518 exam is also designed for those who want to expand their skillset and advance their careers within the Oracle E Business Suite ecosystem.

Oracle 1Z0-518 exam, also known as the Oracle EBS R12.1 Receivables Essentials Exam, is designed to validate the skills and knowledge of professionals working with Oracle E-Business Suite (EBS) Receivables. 1Z0-518 exam covers various topics related to Oracle EBS Receivables, such as managing customers and transactions, invoicing and revenue recognition, and managing credit in Oracle EBS. Passing the exam will demonstrate that the candidate has a solid understanding of these areas and is capable of using Oracle EBS Receivables to manage their organization's financial operations.

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

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Oracle 1Z0-518 exam is intended for professionals who work in finance and accounting roles, including accountants, financial analysts, and managers. These professionals are responsible for managing and maintaining accurate financial records, tracking receivables, and ensuring timely payments from customers. 1Z0-518 exam validates the candidate's ability to use Oracle EBS R12.1 Receivables to automate these processes and improve the overall efficiency of their organization's financial operations.

Oracle 1Z0-518 certification exam is ideal for professionals who work in finance, accounting, and other related fields. 1Z0-518 exam validates the skills and knowledge required to configure and manage the Oracle EBS R12.1 Receivables module effectively. It is a valuable certification for professionals who want to demonstrate their expertise in this area and enhance their career prospects.

Oracle 1Z0-518 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: E-Business Essentials15%- 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
          - Shared Entities and Integration
          • 1. Overview of Order-to-Cash lifecycle
            • 2. Explain shared entities
              - Multi-Org Fundamentals
              • 1. Multi-Org model concepts
                • 2. Implementation considerations
                  Topic 2: Accounting & Period Close15%- Period Closing
                  • 1. Steps to close Receivables period
                    • 2. Reconciliation and reporting
                      - Subledger Accounting
                      • 1. Create Accounting program
                        • 2. Revenue recognition rules
                          Topic 3: Credit Management & Reporting5%- Credit Management Overview
                          • 1. Credit setup and review
                            - Reports & Architecture
                            • 1. Standard Receivables reports
                              • 2. Bill Presentment Architecture
                                Topic 4: Receivables Overview & Setup20%- Oracle Receivables Process Overview
                                • 1. Key features and interfaces
                                  • 2. Position in Order-to-Cash flow
                                    - Customer Management
                                    • 1. Manage parties and customer accounts
                                      • 2. Customer profiles and sites
                                        - System Setup
                                        • 1. Set up payment terms and invoicing rules
                                          • 2. Define system options
                                            Topic 5: Receipts & Applications20%- Receipt Handling
                                            • 1. Reconciliation processes
                                              • 2. Adjustments, chargebacks, and deductions
                                                - Implement Receipts
                                                • 1. Manual and automatic receipt creation
                                                  • 2. Apply receipts to invoices
                                                    Topic 6: Invoicing & Transactions25%- AutoInvoice
                                                    • 1. Import and validate transactions
                                                      • 2. Handle exceptions and errors
                                                        - Tax Processing
                                                        • 1. Integration with E-Business Tax
                                                          • 2. Tax calculation and setup
                                                            - Process Invoices
                                                            • 1. Correct and adjust transactions
                                                              • 2. Manual invoice entry and completion

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