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Oracle 1z0-507 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Accounting and Period Close | - AP accounting entries - Period end close processes |
| Reporting and Controls | - Audit and compliance controls - AP reporting tools and analysis |
| Accounts Payable Overview | - AP setup and configuration - AP business processes overview |
| Payments Processing | - Payment processing and reconciliation - Payment methods and formats |
| Supplier and Invoice Management | - Invoice matching and approvals - Invoice creation and validation - Supplier setup and maintenance |
Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
1. Which three tabs are available on a Single Payment Request?
A) Accounting
B) Additional Information
C) Advanced
D) Payment Details
E) Processing Options
2. Which embedded analytics provides Information on expense reports without receipts?
A) Recent Similar Analytics
B) Corporate Card Required Violation
C) Recent Returned Reports
D) Recurring Violations
3. In which two scenarios is the invoice line type Prepayment automatically generated?
A) at the time of validating a Prepayment Invoice
B) a prepayment created with invoice type as Prepayment
C) a manually created invoice line with type as Prepayment
D) a prepayment is unapplied to the invoice
E) a prepayment applied to the invoice
4. 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) Tag Search
B) Contextual Search
C) Compact Search
D) Advanced Search
E) Secured Enterprise Search
5. An invoice for $1,000 and a credit memo for $1,100 are due for payment.
Which two outcomes will result if the Apply Credits up to Zero Amount Payment option is enabled in the Payment and Processing options of the Payment Process Request?
A) Both the invoice and credit memo are included in the payment process request
B) Both the invoice and credit memo are paid fully.
C) The invoice is paid fully but the credit memo is paid partially when a credit of $100 still remaining.
D) Only the invoice is paid fully but the credit memo will have a balance of $1,100.
E) Neither the invoice nor the credit memo is included in the payment process request.
Solutions:
| Question # 1 Answer: B,D,E | Question # 2 Answer: D | Question # 3 Answer: D,E | Question # 4 Answer: C | Question # 5 Answer: A,D |
