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Oracle 1Z1-518 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle E-Business Suite R12.1 Receivables Essentials
Exam Number:1Z0-518
Passing Score:60%
Exam Format:Multiple Choice Questions (MCQ)
Exam Price:USD $245 (may vary by locale)
Certificate Validity Period:Certification validity as per Oracle recertification policy (may require current version upgrade)
Real Exam Qty:64
Exam Duration:120 minutes
Related Certifications:Oracle EBS R12.1 General Ledger Essentials
Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Receivables
Oracle EBS R12.1 Payables Essentials
Available Languages:English
Sample Questions:Oracle 1Z1-518 Sample Questions
Exam Way:Computer-based testing at Oracle authorized testing centers or via Oracle online proctored delivery
Pre Condition:Recommended hands-on experience with Oracle E-Business Suite R12 Receivables and foundational training in EBS Financials
Official Syllabus URL:https://education.oracle.com/oracle-e-business-suite-r12-1-receivables-essentials/pexam_1Z0-518

Oracle 1Z1-518 Exam Syllabus Topics:

SectionObjectives
Topic 1: E-Business Suite Essentials- Navigation and R12 Oracle Applications
  • 1. Forms, menus, and data entry basics
  • 2. Log in, use responsibilities and navigation
- Introduction to Oracle R12 Architecture
  • 1. R12 E-Business Suite overview and benefits
  • 2. Integration and shared entities in EBS
Topic 2: Receivables Configuration and Setup- Flexfields and Multi-Org Model
  • 1. Multi-Org setup and access control
  • 2. Key and descriptive flexfields
- Workflow, Alerts and Integration
  • 1. Alert configuration and integration points
  • 2. Workflow basics in Receivables
Topic 3: Operational and Financial Processes- Period Closing and Reporting
  • 1. Accounting and revenue recognition basics
  • 2. Receivables period close tasks
- Order to Cash Lifecycle
  • 1. Order to cash flow overview
  • 2. Receivables within the business process
Topic 4: Core Receivables Processes- Receipts and Credits
  • 1. Chargebacks and credit management fundamentals
  • 2. Customer receipts and application methods
- Invoice Processing
  • 1. AutoInvoice usage and error handling
  • 2. Standard invoice creation and adjustments

1Z1-518 Exam FAQ: What Candidates Ask Most

The Oracle 1Z1-518 exam, officially titled Oracle EBS R12.1 Receivables Essentials, is the required test for earning the Other Oracle Certification certification, a credential at the Specialist level. Passing it validates the skills Oracle expects from certified professionals, and it can also support progress toward related credentials such as Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Receivables, Oracle EBS R12.1 Payables Essentials, Oracle EBS R12.1 General Ledger Essentials.

The 1Z1-518 exam includes 64 questions, and you have 120 minutes to complete it. Before exam day, divide the available time by the question count so you know the pace you need to hold, and practice flagging time-consuming items for review instead of stalling on a single question. Timed sessions in the Actualtests4sure test engine are the easiest way to build that rhythm before it counts.

You need 60% to pass the 1Z1-518 exam, and the official registration fee is USD $245 (may vary by locale). Keep in mind that a failed attempt means paying that fee in full again for a retake, so avoid booking your seat on a hunch. Work through the Actualtests4sure practice test until your scores sit comfortably above the passing requirement before you schedule the exam.

Oracle asks candidates to meet the following requirement before registering: Recommended hands-on experience with Oracle E-Business Suite R12 Receivables and foundational training in EBS Financials. Exam policies do change, so confirm the latest details on the official exam page at https://education.oracle.com/oracle-e-business-suite-r12-1-receivables-essentials/pexam_1Z0-518 before you book.

Yes. Actualtests4sure offers a free PDF demo of the Oracle EBS R12.1 Receivables Essentials practice questions, so you can judge the quality and format before purchasing. After you buy, your purchase includes 365 days of free updates; if the product expires after that period, you can extend the update service at a 50% discount from your member zone.

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The Oracle EBS R12.1 Receivables Essentials exam is organized into 4 major domains. Some of the key domains include:

  • Operational and Financial Processes
  • E-Business Suite Essentials
  • Receivables Configuration and Setup

Scroll up to the Exam Topics section for the complete breakdown, and use it to plan how much study time each domain deserves.

Oracle EBS R12.1 Receivables Essentials Sample Questions:

Question #1

View the Exhibit.

While entering a journal in the Journals form, you enter a code combination of 29.402.4519.2103.240 in the five-segment Accounting Flexfield. However, you are unable to proceed after entering this account combination.
What could be the problem in the structure definition of the Accounting Flexfield?

  • A. The "Cross-Validate Segments" check box is selected.
  • B. The "Freeze Rollup Groups" check box is selected.
  • C. The "Allow Dynamic Inserts" check box is deselected.
  • D. The "Freeze Flexfield Definition" check box is selected.
Answer: C
Question #2

In the Multi-Org model of Oracle E-Business Suite Release 12, which organization type owns Bank Account?

  • A. Business Group
  • B. Balancing Entity
  • C. Operating Unit
  • D. Legal Entity
  • E. Ledger
Answer: D
Question #3

What are the three elements involved in submitting a concurrent request? (Choose three.)

  • A. selecting the request or request set to be submitted
  • B. selecting Operating Unit
  • C. selecting report language
  • D. providing completion option
  • E. defining a submission schedule
Answer: A,D,E
Question #4

Which two options would you use to restrict the functionality provided by a responsibility? (Choose two.)

  • A. defining rules to exclude specific functions
  • B. constructing a new menu hierarchy
  • C. creating an appropriate group
  • D. creating an appropriate role
Answer: A,B
Question #5

ABC Corp. has the following Organization Structure:
1) Legal Entity: A
2) Operating Units: B and C
3) Balancing Entities: 10, 20, and 30
Identify three correct statements regarding the Balancing Entity. (Choose three.)

  • A. Balancing Entities can be secured at the Operating Unit level through Security Rules.
  • B. Each Balancing Entity must balance within itself.
  • C. Balancing Entity is the lowest postable unit in the Chart of Accounts.
  • D. Balancing Entities can be automatically secured at the Legal Entity level.
  • E. There can be multiple Balancing Entities within an Operating Unit.
Answer: A,B,E

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