Knowledge remains the surest impetus through any era — including one where intelligent machines absorb routine jobs. Practical skills stand out, and the 1Z0-518 certification certifies them. LatestCram prepares candidates with 100 practice questions.
Oracle 1Z0-518 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle EBS R12.1 Receivables Essentials |
| Exam Number: | 1Z0-518 |
| Certificate Validity Period: | Not specified |
| Exam Format: | Multiple Choice |
| Exam Price: | $245 USD |
| Related Certifications: | Oracle E-Business Suite R12 Financials Oracle E-Business Suite R12 General Ledger Oracle Financials Implementation Specialist |
| Real Exam Qty: | 60-70 |
| Exam Duration: | 90 minutes |
| Passing Score: | 70% |
| Available Languages: | English |
| Recommended Training: | Oracle University EBS R12 Receivables Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored or Pearson VUE test center |
| Pre Condition: | Recommended knowledge of Oracle E-Business Suite Financials fundamentals and Accounts Receivable processes. |
| Official Syllabus URL: | https://education.oracle.com/certification |
Oracle 1Z0-518 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Receipts Processing | - Lockbox Processing - Manual and Automatic Receipts |
| Transactions Management | - Credit Memos and Adjustments - Invoice Creation and Processing |
| Receivables Setup | - System Options and Profile Options - Transaction Types and Transaction Sources |
| Reporting and Period Close | - Standard Receivables Reports - Period End Closing Activities |
| Accounting and Reconciliation | - Receivables Accounting - Subledger Accounting Integration |
1Z0-518 Exam FAQ: Practical Questions, Practical Answers
LatestCram issues a full refund if you take the Oracle EBS R12.1 Receivables Essentials exam within 60 days of purchase and do not pass. The policy does not apply if the exam is taken within 3 days of purchase, if the exam was never actually taken, or to free materials or expired orders, and the candidate name must match the payer name. Submit a scan of your enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Alternatively, exchange for two free exam products of equal value and keep your original update service. Orders arrive by email within 1 minute — contact support if nothing arrives within 2 hours.
The official Oracle EBS R12.1 Receivables Essentials outline defines 5 domains. The leading three are Accounting and Reconciliation, Reporting and Period Close, and Receipts Processing. The full list is in the topics section above, and LatestCram's 100 practice questions cover each one.
Three versions of the same study materials, offering three learning modes: a printable, expert-prepared PDF with free demo download and instant access; a Desktop Test Engine for Windows with customizable simulation and timed modes that works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. All 100 practice questions are identical across versions. Every purchase includes 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.
Recommended knowledge of Oracle E-Business Suite Financials fundamentals and Accounts Receivable processes. Since requirements change over time, confirm the latest on the official Oracle exam page before scheduling.
The 1Z0-518 exam is a Oracle certification exam validating the Oracle EBS R12.1 Receivables Essentials syllabus shown above. It belongs to these credential paths: Oracle E-Business Suite R12 Financials, Oracle E-Business Suite R12 General Ledger, Oracle Financials Implementation Specialist. Candidates in 2026 prepare for it with LatestCram's 100 practice questions, available as a printable PDF, a Windows Desktop Test Engine, and an Online Test Engine — three versions of the same materials.
Online proctored or Pearson VUE test center Register for the Oracle EBS R12.1 Receivables Essentials exam through these official channels:
After booking, LatestCram delivers your practice questions within 1 minute — preparation starts the same day.
Oracle recommends these training resources for the Oracle EBS R12.1 Receivables Essentials exam:
Follow the training with steady self-testing — the 100 practice questions from LatestCram help you apply theory and fill any gaps the training leaves.
The Oracle EBS R12.1 Receivables Essentials exam contains 60-70 to complete within 90 minutes. Timed simulation in the LatestCram Desktop Test Engine teaches that rhythm before exam day does.
The Oracle EBS R12.1 Receivables Essentials exam requires 70% to pass, and registration costs $245 USD. A failed attempt means paying the same fee again — a readiness check with the LatestCram engines before booking is the cheaper option.
Oracle EBS R12.1 Receivables Essentials Sample Questions:
Identify two Descriptive Flexfield components whose values are used to determine Contexts. (Choose two.)
- A. the Reference field
- B. the Context field
- C. Context-sensitive Segments
- D. Global Segments
Correct Answer: A,B 🗳️
What are the three elements involved in submitting a concurrent request? (Choose three.)
- A. selecting report language
- B. selecting the request or request set to be submitted
- C. selecting Operating Unit
- D. defining a submission schedule
- E. providing completion option
Correct Answer: B,D,E 🗳️
The client entered a miscellaneous receipt by mistake; it was posted to General Ledger.
Now the miscellaneous receipt needs to be reversed. Which method would you advise the client to use?
- A. Create an adjustment in receivables for the reversal of the effect of the miscellaneous receipt.
- B. Carry out a standard reversal of the miscellaneous receipt.
- C. Create a journal entry in General Ledger to reverse the accounting impact created by the posting of the miscellaneous receipt.
- D. Carry out a debit memo reversal of the miscellaneous receipt.
- E. Create a receivable activity adjustment for the reversal of the miscellaneous receipt.
Correct Answer: D 🗳️
Explanation: Only visible for LatestCram members. You can sign-up / login (it's free).
Company X has three Operating Units: A, B, and C, Each Operating Units has the MO: Security Access profile option called ABC Security assigned, Operating Units A has both MO: Operating Units profile option and the MO: Default Operating Units profile option assigned to it, Which statement is true?
- A. The Payables responsibility is linked to the Operating Unit A by the MO: Operating Unit profile option and can create transactions for that Operating Unit alone.
- B. All transactions created by Paul are automatically assigned to Operating Units A.
- C. Paul can report on data across A, B, and C Operating Units, but enter transactions only against A.
- D. The profile option did not include Operating Unit B and Operating Unit C due to an error by system administrator.
- E. Paul can create transactions for A, B, and C Operating Units.
Correct Answer: E 🗳️
Which two statements are true regarding ownership of shared entities? (Choose two)
- A. Items is owned by Oracle Purchasing, whereas Locations Is owned by Oracle Receivables,
- B. Suppliers is owned by Oracle Purchasing, whereas Units of Measure Is owned by Oracle Inventory.
- C. Ledger is owned by Oracle General Ledger, whereas Locations Is owned by Oracle Human Resources.
- D. Sales Force is owned by Oracle Order Management, whereas Employees is owned by Oracle Human Resources.
- E. Customers is owned by Oracle Human Resources, whereas Locations is owned by Oracle Receivables.
Correct Answer: B,C 🗳️
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