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

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

 

Earning the Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Receivables certification provides a solid foundation in E-Business Essentials. This credential validates your ability to efficiently navigate and use the R12 E-Business Suite, including performing data entry, retrieving information through queries, and utilizing online support resources. Achieving this certification enhances your professional profile and strengthens your competitiveness in the job market.

Who should take the exam?

The Oracle E-Business Suite R12.1 Receivables Essentials (1Z0-518) exam is targeted towards individuals who want to build a foundation in managing receivables within the Oracle E-Business Suite R12.1 financial management system. The target role include:

• Individuals new to Oracle E-Business Suite Receivables
• End-users in Accounts Receivable departments
• Sales representatives or customer service staff

Exam Details 

• Exam Code: 1Z0-518
• Exam Name: Oracle E-Business Suite R12.1 Receivables Essentials
• Exam Languages: English
• Exam Questions: 64 Questions
• Time: 120 minutes
• Passing Score: 60%

Exam Course Outline 

The Exam covers the given topics  - 

Topic 1: Understand 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

 

Topic 2: Overview of 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

 

Topic 3: Learn about 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)

 

Topic 4: 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

 

Topic 5: 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

 

Topic 6: Fundamentals of Workflow and Alerts

• Explain Workflow concepts
• Describe the benefits of Workflow

 

Topic 7: Understand Process Invoices Using AutoInvoice

• Describe the AutoInvoice process 
• Use AutoInvoice 
• Understand error correction using AutoInvoice Exception Handling

 

Topic 8: Learn about 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

 

Topic 9: 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

 

Topic 10: 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

 

Topic 11: Overview of Order to Cash Lifecycle

• 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

 

Topic 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

 

Topic 13: Understand 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

 

Topic 14: Implement Receipts 

• Enter setup information relating to receipts
• Discuss implementation considerations for Receipts

 

Topic 15: 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

 

Topic 16: Overview of 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

 

Topic 17: Implement Customer Invoicing 

• Enter setup information related to invoicing
• Discuss the major implementation considerations for customer invoicing

 

Topic 18: Understand Tax Processing 

• Understand the E-Business Tax and Receivables Tax Process
• Define Receivables Setup Steps for Tax 
• Manage Tax Accounting and Tax Adjustments