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

Obtaining the Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Receivables certification offers a functional groundwork in E-Business Essentials. It equips you with the proficiency to navigate and utilize the R12 E-Business Suite effectively, including data entry, query retrieval, and accessing online assistance. Integrating these certified competencies into your skill set provides a competitive edge when pursuing employment opportunities.

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