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Oracle 1z0-507 Exam Syllabus Topics:

SectionObjectives
Topic 1: Supplier and Invoice Management- Supplier setup and maintenance
- Invoice creation and validation
- Invoice matching and approvals
Topic 2: Accounts Payable Overview- AP business processes overview
- AP setup and configuration
Topic 3: Reporting and Controls- AP reporting tools and analysis
- Audit and compliance controls
Topic 4: Payments Processing- Payment processing and reconciliation
- Payment methods and formats
Topic 5: Accounting and Period Close- AP accounting entries
- Period end close processes

Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

Question #1

Identify three statuses that appear in the Processed Tab in the Expense Report region.

  • A. Rejected
  • B. Paid
  • C. Saved
  • D. Pending Your Resolution
  • E. Ready for Payment
  • F. Partially paid
Reveal Solution  Discussion  0

Correct Answer: B,D,E  🗳️

Explanation: Only visible for Prep4King members. You can sign-up / login (it's free).

Question #2

Identify two duty roles that are granted to a Tax Administrator.

  • A. Classification Administration Duty
  • B. Financial Application Lookups Administration Duty
  • C. French DAS2 Reporting Duty
  • D. Customer Account Addresses Inquiry Duty
  • E. Internal Contact Relationship Information Inquiry Duty
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

Explanation: Only visible for Prep4King members. You can sign-up / login (it's free).

Question #3

Identify three attributes of a Single Payment Request.

  • A. one-time
  • B. nonrecurring
  • C. recurring
  • D. batch processing
  • E. real time
Reveal Solution  Discussion  0

Correct Answer: A,C,D  🗳️

Question #4

Identify three invoice options that can be configured on the Manage Invoice Options page for Self-Service Invoices.

  • A. Require invoice grouping.
  • B. Limit the invoice to single purchase order.
  • C. Allow unit price change for quantity based matches.
  • D. Require validation before approval.
  • E. Allow invoice backdating.
Reveal Solution  Discussion  0

Correct Answer: B,C,E  🗳️

Explanation: Only visible for Prep4King members. You can sign-up / login (it's free).

Question #5

Which two actions are performed on the Manage Invoices page when using the Invoice Approval workflow?

  • A. stop approval
  • B. restart approval
  • C. cancel approval
  • D. initiate approval
  • E. force approval
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

Explanation: Only visible for Prep4King members. You can sign-up / login (it's free).

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