Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Receivables

Oracle E-Business Suite R12.1 Receivables Essentials

The Oracle E-Business Suite 12.1 Receivables Essentials (1Z0-518) exam is designed for individuals who possess a strong foundation and expertise in selling or implementing Oracle E-Business Suite Financial Management solutions. This certification exam covers topics such as: how to access and navigate within the R12 E-Business Suite, how to enter data, retrieve information in the form of a query and access online help. Candidates must also demonstrate knowledge of Order-to-Cash Lifecycle, Oracle Receivables Process, Manage Parties and Customer Accounts, Process Invoices Using AutoInvoice, Process Invoices, Bill Presentment Architecture, Credit Management, Implement Customer Invoicing, Receipts, Implement Receipts, Tax Processing and Period Closing process. Up-to-date training and field experience are recommended.

The Oracle E-Business Suite Financial Management Implementation Specialist certification recognizes OPN members as OPN Certified Specialists. This certification differentiates OPN members in the marketplace by providing a competitive edge through proven expertise. This certification helps the OPN member’s partner organization qualify for the Oracle E-Business Suite Financial Management Specialization.

This OPN Certified Implementation Specialist exam is now available in English and Brazilian Portuguese!

Exam Number:
1Z0-518
Duration:
150 minutes
Associated Certifications:
Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Receivables

OPN Certified Specialist
Number
of Questions:
80 for both sections combined:
 - 20 for E-Business Essentials
 - 60 for Oracle Receivables
Exam Price:
US$ 245

Pricing may vary slightly by country or by localized currency. Check Pearson VUE's website for exact pricing in your country.

More on Exam Pricing
Passing
Score:
E-business Essentials - 60%
Oracle Receivables - 60%
There are two sections to this exam. Both sections of the exam MUST be passed in order the pass the exam.

Passing score subject to change. View Details
Click Here to Register:
Register

 

Recommended Training Additional Information & Resources Exam Topics Fraudulent Activity Policy

Recommended Training
Oracle E-Business Suite 12.1 Receivables Essentials - Exam Study Guide (PDF)

OPN Guided Learning Path:
Oracle E-Business Suite Financial Management Certified Implementation Specialist: Receivables

Oracle University Training:
R12.x Oracle E-Business Suite Essentials for Implementers
R12 Oracle Receivables Management Fundamentals

 

Additional Information & Resources
This exam is valid for Oracle E-Business Suite 12 and 12.1.
Exam Retake Policy
Specialization Catalog (PDF) for all launched and planned Specializations
Product Mapping to Specialization (XLS)  
More Training Opportunities for Oracle Partners


 

Exam Topics
E-Business Essentials

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

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

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)

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

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

Fundamentals of Workflow and Alerts

  • Explain Workflow concepts
  • Describe the benefits of Workflow
Receivables

Process Invoices Using AutoInvoice

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

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

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

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

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

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

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

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

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

Implement Customer Invoicing

  • Enter setup information related to invoicing
  • Discuss the major implementation considerations for customer invoicing Tax Processing
  • Understand the E-Business Tax and Receivables Tax Process
  • Define Receivables Setup Steps for Tax
  • Manage Tax Accounting and Tax Adjustments

 

Oracle Certification Program Fraudulent Activity Policy

Oracle reserves the right to take action against any candidate involved in fraudulent activities, including, but not limited to, fraudulent use of vouchers, promotional codes, reselling exam discounts and vouchers, cheating on an exam, alteration of score reports, alteration of completion certificates, violation of exam retake policies or other activities deemed fraudulent by Oracle.

If Oracle determines, in its sole discretion, that fraudulent activity has taken place, it reserves the right to take action up to and including, but not limited to, decertification of a candidate's Oracle Certified Associate, Oracle Certified Professional and/or OCM credentials, temporary, indefinite or permanent ban of a candidate from Oracle certification programs, notification to a candidate's employer, and notification to law enforcement agencies. Candidates found committing fraudulent activities forfeit all fees previously paid to Oracle, or to Oracle's authorized vendors, and may be required to pay additional fees for services rendered.

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