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Oracle 1z0-507 Exam : Oracle Fusion Financials 11g Accounts Payable Essentials

1z0-507 actual test
  • Exam Code: 1z0-507
  • Exam Name: Oracle Fusion Financials 11g Accounts Payable Essentials
  • Updated: Sep 16, 2026
  • Q & A: 119 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

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Oracle 1z0-507 Exam Syllabus Topics:

SectionObjectives
Accounting and Period Close- Payables accounting entries
  • 1. Subledger accounting integration
    • 2. Invoice and payment accounting events
      - Period close activities
      • 1. Reconciliation and reporting
        • 2. Payables period close process
          Payments Processing- Payment execution
          • 1. Payment batches and scheduling
            • 2. Payment reconciliation
              - Payment methods and formats
              • 1. Electronic funds transfer (EFT)
                • 2. Check and wire payment processing
                  Reporting and Controls- Payables reporting
                  • 1. Standard financial reports
                    • 2. Invoice and payment reporting
                      - Internal controls
                      • 1. Audit trails and compliance checks
                        • 2. Approval rules and segregation of duties
                          Invoice Management- Invoice creation and processing
                          • 1. Invoice validation and approval workflow
                            • 2. Standard and recurring invoices
                              - Invoice adjustments
                              • 1. Invoice holds and resolutions
                                • 2. Credit memos and cancellations
                                  Accounts Payable Setup and Configuration- Payables system configuration
                                  • 1. Payables options and controls
                                    • 2. Financial options setup
                                      - Supplier setup and management
                                      • 1. Supplier and supplier site configuration
                                        • 2. Supplier classification and payment terms

                                          Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

                                          Question #1

                                          The Payment Process Request section of the Accounts Payables dashboard has a tab called Recently Completed. This tab displays all the payment process requests completed in the last_________.

                                          • A. 30 days
                                          • B. 7 days
                                          • C. 10 days
                                          • D. 15 days
                                          • E. 21 days
                                          Reveal Solution  Discussion  0

                                          Correct Answer: B  🗳️

                                          Question #2

                                          A company has a requirement to default the disbursement bank account during the payment process request.
                                          Which two actions will accomplish this?

                                          • A. Define the Disbursement Bank Account at the Business Unit level; the payment process derives the disbursement hank accounts based on the business unit.
                                          • B. Define the Disbursement Bank Account at the user level; the payment process derives the disbursement hank account associated with the user.
                                          • C. Define the Disbursement Bank Account in the Payment Method; the payment process derives the disbursement bonk accounts based on the Payment Method.
                                          • D. Define the Disbursement Bank Account in the Payment Process Profile; the payment process derives the disbursement bank accounts based on the Payment Process Profile.
                                          • E. Create a payment Process Request template with the disbursement bank account so that it becomes the default.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: D,E  🗳️

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                                          Question #3

                                          An employee traveled to a different city on a business trip. During the course of travel, the employee used the corporate card provided by his company for both business and personal expenses.
                                          Upon his return, the employee created an expense report. The company is processing the expense report as Both Pay Corporate Card Transactions.
                                          What will the result be?

                                          • A. Reimbursements will be made to the employee instead of the corporate card issuer.
                                          • B. All expenses incurred using a corporate card will be paid to the card Issuer.
                                          • C. Reimbursement will be made to the employee and the corporate card Issuer.
                                          • D. Only business expenses incurred using the corporate card will be reimbursed to the card Issuer.
                                          • E. Both business and personal expenses will be reimbursed to the employee.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: D  🗳️

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                                          Question #4

                                          Which three options are used to sort the Unaccounted Transaction Report?

                                          • A. Transaction Type
                                          • B. Transaction Date
                                          • C. Transaction Number
                                          • D. Transaction Currency
                                          • E. Transaction Source
                                          Reveal Solution  Discussion  0

                                          Correct Answer: A,C,D  🗳️

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                                          Question #5

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

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

                                          Correct Answer: A,C,E  🗳️

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