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Oracle 1z0-507 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Invoice Management | - Invoice creation and processing
|
| Topic 2: Reporting and Controls | - Payables reporting
|
| Topic 3: Payments Processing | - Payment execution
|
| Topic 4: Accounts Payable Setup and Configuration | - Supplier setup and management
|
| Topic 5: Accounting and Period Close | - Payables accounting entries
|
Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
Which three attributes can be viewed for a Quick Payment from the Manage Payments page?
- A. Business Unit
- B. Supplier Number
- C. Interest
- D. Ledger
- E. Error Message
Correct Answer: A,B,D 🗳️
Explanation: Only visible for ITPassLeader members. You can sign-up / login (it's free).
What invoice approval status is required to apply the invoice approval action Hold from Approval?
- A. Required
- B. Initiated
- C. Held from Approval
- D. Resubmit for Approval
- E. Rejected
Correct Answer: A 🗳️
Explanation: Only visible for ITPassLeader members. You can sign-up / login (it's free).
A company needs to implement corporate cards with Company Pay or Both Pay Payments liability.
Select three correct statements regarding corporate card implementation.
- A. One clearing account can be set up for all card programs.
- B. Setting up of expense clearing account is required only for Company Pay and Both Pay payment liability.
- C. Specific expense clearing account can be set up per card program.
- D. Payables uses the clearing account to record only the debits.
Correct Answer: B,C,D 🗳️
Explanation: Only visible for ITPassLeader members. You can sign-up / login (it's free).
What are the three payment types?
- A. Refund
- B. Quick
- C. Manual
- D. Wire
- E. Check
Correct Answer: A,B,C 🗳️
Explanation: Only visible for ITPassLeader members. You can sign-up / login (it's free).
Identify the search method that allows a search across expense items and expense reports using any information captured in the expense item or expense report.
- A. Advanced Search
- B. Tag Search
- C. Secured Enterprise Search
- D. Contextual Search
- E. Compact Search
Correct Answer: E 🗳️
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