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Oracle EBS R12.1 Receivables Essentials certification exam, also known as 1Z0-518, is designed for professionals who want to validate their expertise in Oracle Receivables. 1Z0-518 exam is intended for individuals who have advanced knowledge of Oracle E-Business Suite R12.1 Receivables and want to demonstrate their skills to potential employers or clients. 1Z0-518 exam is one of the most popular Oracle certification exams and is recognized by companies worldwide.

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

Oracle 1Z1-518 certification exam consists of 80 multiple-choice questions that must be answered within a time period of 120 minutes. 1Z0-518 exam is computer-based and can be taken at any authorized testing center worldwide. The passing score for the exam is 60%, and candidates can retake the exam if they do not pass on their first attempt.

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Oracle 1Z0-518 Exam Syllabus Topics:

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

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