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

  • Exam Code: 1z0-507
  • Exam Name: Oracle Fusion Financials 11g Accounts Payable Essentials
  • Updated: Sep 02, 2025
  • Q&As: 119 Questions and Answers

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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

1. Which three options in a Quick Payment do NOT impede the selection of documents?

A) Due Date
B) Currency
C) Business Unit
D) Payment Terms
E) Payment Method


2. What are the three sections in the Payables Key Indicators Report?

A) Invoice Activity
B) Recent Activity
C) Current Activity
D) State of the Application
E) Payment Activity


3. Identity three events across the life cycle of an expense report?

A) An invoice is created in Accounts Payable.
B) There in seamless desktop integration through Excel for offline expense entry.
C) Line managers can approve the expense report submitted by the user for approval.
D) The expense items and expense reports will be tagged and can be located through the Tag Center.
E) The expenses incurred by a user while transacting business are entered in an expense report.


4. A user issued a Payment Process Request and subsequently realized an error in the request.
Which two options show instances where the payment can NOT be voided?

A) A payment that the bank has already cleared
B) A payment that pays a prepayment that has been applied to an invoice
C) A payment for an invoice which is a Withholding Tax Invoice
D) A payment that has a status of Issued
E) A payment for an invoice that is already posted to General Ledger


5. A company wants to default the business unit for a user In Oracle Fusion Payables. Identify the setup that meets this requirement.

A) Payables Options
B) Setup and Maintenance
C) Financial Options
D) Payables System Setup
E) Common Options for Payables and Procurement


Solutions:

Question # 1
Answer: A,B,D
Question # 2
Answer: A,C,D
Question # 3
Answer: A,C,E
Question # 4
Answer: A,B
Question # 5
Answer: B

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