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Preparing for the Oracle 1Z1-518 Certification Exam requires a solid understanding of Oracle EBS R12.1 Receivables concepts and functionality. Oracle recommends taking the Oracle E-Business Suite R12.1 Receivables Essentials course to gain the necessary knowledge and skills. Additionally, candidates can use Oracle's online training resources and practice exams to help them prepare for the exam.

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The Oracle 1Z0-518 exam covers a variety of topics related to the Oracle EBS R12.1 Receivables module, including the setup and implementation of Receivables, the management of revenue and payment processing, and the creation of accounting and reporting procedures. It also tests the candidate's ability to understand and apply the concepts of cash management, revenue recognition, taxation, and bill presentment architecture.

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

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