Oracle E-Business Suite R12.1 Receivables Essentials (1Z0-518) Practice Exam

Oracle E-Business Suite R12.1 Receivables Essentials (1Z0-518)

About Oracle E-Business Suite R12.1 Receivables Essentials (1Z0-518)

1Z0-518 exam is for members of the Oracle Partner Network who are focused on selling and implementing Financial Management modules. The exam is focused on the intermediate-level implementation team member. In this exam you will gain the skills necessary to set up and use Oracle Receivables to manage receivables processing, as well as manage parties and customer accounts, process invoices using Auto-Invoice, enter and complete invoices and perform other relevant invoice actions. OPN Members earning this certification will be recognized as OPN Certified Specialists, which helps your company qualify for the Oracle E-Business Suite Financial Management Specialization.

Course Structure

The Oracle E-Business Suite R12.1 Receivables Essentials (1Z0-518) Exam covers the following topics - 

Section - 1 E-BUSINESS ESSENTIALS

1. 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

2. 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)

3. 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

Section - 2 RECEIVABLES

1. Process Invoices Using AutoInvoice

• Describe the AutoInvoice process 

• Use AutoInvoice 

• Understand error correction using AutoInvoice Exception Handling

2. 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

3. 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

4. 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

5. 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

6. Implement Customer Invoicing 

• Enter setup information related to invoicing

• Discuss the major implementation considerations for customer invoicing

7. 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

8. 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

9. Fundamentals of Workflow and Alerts

• Explain Workflow concepts

• Describe the benefits of Workflow

10. 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

11. 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

12. 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

13. Implement Receipts 

• Enter setup information relating to receipts

• Discuss implementation considerations for Receipts

14. 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

15. Tax Processing 

• Understand the E-Business Tax and Receivables Tax Process

• Define Receivables Setup Steps for Tax 

• Manage Tax Accounting and Tax Adjustments 

Exam Pattern 

• Exam Name: Oracle E-Business Suite R12.1 Receivables Essentials
• Exam Code: 1Z0-518
• Number of Questions: 80 for both sections combined
• Length of Time:  150 minutes
• Exam Fee $245 USD 
• Exam Language: English

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