Certification: Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Receivables
Certification Full Name: Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Receivables
Certification Provider: Oracle
Exam Code: 1z0-518
Exam Name: Oracle EBS R12.1 Receivables Essentials
1z0-518 Exam Product Screenshots
The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Receivables certification program requires an individual having strong base and wider skills in utilizing the E Business Financial Management Suite and implementing it on a large scale. The certification exam will be covering topics such as accessing and navigating R12 Suite, entering data and receiving information through any query etc. An experience in this field with an up to date advanced training can clearly work in your favour and easily land you a certification.
Who can do this certification?
The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Receivables certification program is actually available to all the members but it is slightly geared towards the members of OPN who have their focus on utilizing the Financial Management parameters and know how to implement it on a larger scale. The same process is going through with exam by seeking at least a medium level professional team player ready for implementing it.
The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Receivables certification program will be providing you with the basic foundation for the essentials in E business. You will be inhibiting new skills of accessing and navigating the R12 Suite and retrieving information. Adding such skills as experience in your portfolio or resume is certainly going to give you an edge over others who are probably not as qualified as you are.
To achieve The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Receivables certification, you will need to succeed in the exam with exam number 1Z0-518 which is a two and half hour test and is going to test the skills and abilities of the candidates in that time what 80 tricky questions. There are two sections of the exam, namely, Essentials and Oracle Receivables. Among the 80 questions, 20 will be from the essentials part and the rest will be from the Oracle Receivables part and for you to clear this exam, you will need to score 60% or above in both these sections.
Oracle provides free training courses in both the Essentials part and the Oracle Receivables part. It also offers university training and guided learning paths to keep up with your preparations. These training courses and experience in the field is required unless you have an adequate knowledge of the same. An experience in field related to R12 Business Suite is a necessary ingredient if you are thinking for this certification.
The exam covers 6 topics from the Essentials part and 12 topics from the Oracle Receivables part.
- Navigate R12 Applications for creating favorites and setting preferences, accessing and searching data through online help and login and logout of Oracle applications.
- Oracle R12 Introduction to explain the basics, architecture and the vast amount of benefits of R12 Suite.
- Integrating and Entities Shared to focus on shared entities, business flow and integration points involved in R12 Suite.
- Flex Field Fundamentals to describe basics and implementation of a Flex Field and other operations related to it.
- Multi Org Fundamentals to define organizations, entities and preferences for a Multi Org.
- Workflow and Alert Fundamentals describing its benefits.
- Processing Invoices to describe Auto Invoice operations and terms related to it.
- Bill Architecture Present to explain architecture process and data resources to create templates.
- Receipts to describe the process, creating charge books and using balanced segments.
- Period Process closing to describe accounting process and actions required to close a period.
- Lifecycle of Order to cash introduction to describe the overall process taking place and focus on the key areas.
- Managing parties and accounts using merge party, TCA party and defining setup options.
- Credit management to define credit profile changes.
- Implementation receipts and its operations.
- Oracle Receivable Process introduction to explain the receivable process and focusing on its key areas.
- Processing Invoices to complete the invoice transaction.
- Implementing the customer Invoice
- Tax processing and operations.
Validity of the certification
The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle Receivables certification will be requiring a recertification in case of an updation in the concerned area. In the event of a mega release, the employers look for the professionals who have expertise in all the areas of technology, thus a recertification becomes necessary.
Preparing and getting ready to take on a certification exam, even if you know most of the things pretty well, is always helping increase your knowledge in every sphere of life and passing the test provides you an instant verification of your achievement.
Michael Mathews, Supervalu Inc
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