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Oracle 11g 1z1-507 Oracle Fusion Financials 11g Accounts Payable Essentials Exams
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Oracle 1z1-507 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Accounts Payable Setup and Configuration | - Supplier setup and management
|
| Payments Processing | - Payment methods and formats
|
| Reporting and Controls | - Internal controls
|
| Accounting and Period Close | - Period close activities
|
| Invoice Management | - Invoice adjustments
|
Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
1. How are prepayments for invoices configured?
A) No additional configuration is required. Users must select the invoice type as prepayment when the invoice is created.
B) Create the prepayment terms and associate it with the prepayment Invoice.
C) No additional configuration is required. Users must select the payment type as prepayment when the payment is created.
D) Enable the Profile Option for Prepayment in the Manage Payable profile options page.
E) Enable Allow Prepayments in Define General Payables Options.
2. Identify two benefits of using the iSupplier Invoice approval process.
A) manual routing for approvals
B) manual Hold Resolution
C) automatic routing for approval
D) automatic Hold Resolution
3. Select three true statements about the Invoice Validation process.
A) updates Supplier Balance
B) creates withholding invoices
C) creates Accounting Entries
D) validates project information
E) creates tax lines and distributions
4. What duty must an employee have in order to create payables documents, review reimbursements, process results, and review expense exports?
A) Expense Audit Duty
B) Expense Entry Duty
C) Expense Policies and Rules Administration Duty
D) Expense Export Duty
E) Expense Management Analysis Duty
5. Identify three statuses that appear in the Processed Tab in the Expense Report region.
A) Partially paid
B) Saved
C) Ready for Payment
D) Paid
E) Pending Your Resolution
F) Rejected
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B,C | Question # 3 Answer: A,B,E | Question # 4 Answer: B | Question # 5 Answer: C,D,E |







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