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Oracle 1z0-507 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Accounting and Period Close | - Payables accounting entries
|
| Invoice Management | - Invoice adjustments
|
| Payments Processing | - Payment methods and formats
|
| Accounts Payable Setup and Configuration | - Payables system configuration
|
| Reporting and Controls | - Payables reporting
|
Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
What is the required parameter for the Payables to General Ledger Reconciliation Report?
- A. Business Unit
- B. Ledger
- C. Balancing Segment Value
- D. Financial Period
- E. Natural Segment Value
Correct Answer: B 🗳️
Explanation: Only visible for ITPassLeader members. You can sign-up / login (it's free).
An installment for $1000 is due for payment on January 10, 2012. The installment has two discounts: the first discount date is December 5, 2011 for $150 and the second discount date us December 20, 2011 for $100. The Pay Date Basis on the supplier site is Discount.
You submit a payment process request:
-Payment Date = December 5, 2011 -Pay Through Date = December 25, 2011 -Date Basis = Pay date -Always Take Discount option = Enabled
What will be the resulting status of the installment and discount?
- A. The installment is selected and a discount of $150 is available because the always Take Discount option is enabled.
- B. The installment is NOT selected because the first discount date NOT BEFORE the Pay Through Date.
- C. The installment is selected and a discount of $0 is available because the payment date is after the discount dates.
- D. The installment is selected and a discount of $100 is availed because only the latest discount date is committed.
- E. The installment is NOT selected but discount of $150 is availed because the Always Take Discount option is enabled
Correct Answer: A 🗳️
Explanation: Only visible for ITPassLeader members. You can sign-up / login (it's free).
Which tab invokes the worklist content in the Expense Report region?
- A. Processed Tab
- B. Pending Approval Tab
- C. In Progress Tab
- D. Requiring My Approval Tab
Correct Answer: B 🗳️
Explanation: Only visible for ITPassLeader members. You can sign-up / login (it's free).
A company plans to provide access to certain employees with rights to update the cost center information with the expenses application.
What duty must a user have in order to update cost center information?
- A. Project expense Allocation Duty
- B. Expense Audit Duty
- C. Expense Account Allocation Duty
- D. Expense Entry Duty
- E. Export Duty
Correct Answer: C 🗳️
Explanation: Only visible for ITPassLeader members. You can sign-up / login (it's free).
Which two organizational components are part of the OTBI report for outstanding payables Invoices?
- A. Human Resources Organization
- B. Business Unit
- C. Legal Entity
- D. Inventory Organization
- E. Business Group
Correct Answer: B,C 🗳️
Explanation: Only visible for ITPassLeader members. You can sign-up / login (it's free).
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