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Reference: http://www.oracle.com/partners/en/products/applications/ebs-exam-1z0-518/index.html

The Oracle EBS R12.1 Receivables Essentials certification exam consists of 80 multiple-choice questions that need to be completed within a time frame of 2 hours. 1Z0-518 exam covers various topics, including the setup and configuration of Oracle Receivables, managing transactions, processing receipts, applying credits and adjustments, managing customers and their accounts, and generating reports. 1Z0-518 exam is intended for professionals who have a strong understanding of the Oracle E-Business Suite R12.1 Receivables application and its related modules. Passing 1Z0-518 exam demonstrates proficiency in Oracle EBS R12.1 Receivables Essentials and enhances one's career prospects in the Oracle ecosystem.

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Oracle 1Z0-518 Exam Syllabus Topics:

SectionObjectives
Topic 1: Reporting and Period Close- Period End Closing Activities
- Standard Receivables Reports
Topic 2: Transactions Management- Credit Memos and Adjustments
- Invoice Creation and Processing
Topic 3: Receivables Setup- Transaction Types and Transaction Sources
- System Options and Profile Options
Topic 4: Receipts Processing- Manual and Automatic Receipts
- Lockbox Processing
Topic 5: Accounting and Reconciliation- Subledger Accounting Integration
- Receivables Accounting
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