Oracle EBS R12.1 Receivables Essentials exam, also known as the 1Z0-518 exam, is a certification exam offered by Oracle for professionals who work with Oracle EBS (Enterprise Business Suite) Receivables. 1Z1-518 exam tests candidates on their knowledge of the Oracle EBS R12.1 Receivables module, including topics such as invoicing, cash management, credit management, and collections.

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Oracle 1Z1-518 certification exam is recommended for professionals who work with Oracle E-Business Suite (EBS) and specialize in Receivables. Oracle EBS R12.1 Receivables Essentials certification is ideal for individuals who want to advance their careers in finance and accounting or those who want to demonstrate their knowledge of Oracle Receivables to potential employers.

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Oracle 1Z0-518 exam is intended for individuals who have experience working with Oracle E-Business Suite R12.1 Receivables. Oracle recommends that candidates have at least two years of experience working with Oracle Receivables before taking the exam. Candidates should also have a solid understanding of accounting principles and practices.

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