Oracle 1z1-507 Questions & Answers - in .pdf
- Total Q&A: 119
- Update: Jun 02, 2026
- Price: $59.99
- Vendor: Oracle
- Exam Code: 1z1-507
- Exam Name: Oracle Fusion Financials 11g Accounts Payable Essentials
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Oracle 1z1-507 Q&A - Testing Engine
- Total Q&A: 119
- Update: Jun 02, 2026
- Price: $59.99
- Vendor: Oracle
- Exam Code: 1z1-507
- Exam Name: Oracle Fusion Financials 11g Accounts Payable Essentials
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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
1. A Payment Process Request is issued with a payment type of Manual.
Which two payment statuses will allow the manual payment to be voided?
A) Payment file build
B) Issued
C) Pending proposed payment review
D) Negotiable
E) Cleared
2. Where is the Expense Clearing Account and Payment Option set up in Expenses?
A) Edit Expenses Systems Options
B) Payables System Options
C) Expense Report template
D) Business Unit System Options
E) Create or Edit Company Account pop-up menu
3. 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
4. Which three business rules prevent a distribution from being reversed?
A) If it is already posted to a subledger
B) If it is PO/RCV matched
C) If it represents an interest invoice line
D) If it represents a prepayment application/unapplication
E) If it represents a variance (IPV or ERV)
5. An installment for $2,000 is due for payment on July 31, 2012. The Installment has two discounts: the first discount date is June 15, 2012, for $150 and the second discount date is June 30, 2012 for $100.
You submit a payment process request:
-Payment Date = June 20, 2012 -Pay Through Date = July 30, 2011 -Date Basis = Due date
What will be the resulting status of the installment and discount?
A) The installment is NOT selected because the due date is later than the Pay Through Date.
B) The installment is NOT selected because the discount dates are before the Pay Through Date.
C) The installment is, selected and a discount of $100 is availed.
D) The installment is selected and a discount of $150 is availed.
E) The installment is selected and no discount is availed.
Solutions:
Question # 1
Answer: C,D | Question # 2
Answer: B | Question # 3
Answer: B | Question # 4
Answer: B,C,E | Question # 5
Answer: E |
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