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Oracle 1z1-507 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| 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 |
| Accounting and Period Close | - AP accounting entries - Period end close processes |
| Supplier and Invoice Management | - Invoice creation and validation - Invoice matching and approvals - Supplier setup and maintenance |
Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
Which two receipts modifications are displayed in the Payables Matched and Modified Receipts Report?
- A. Product Returned to Supplier
- B. Product rejected during Quality Check
- C. Substitution Products
- D. Quantity received was incorrectly recorded
- E. Damage made during Receiving Inspection and Transfer to Stores
Correct Answer: D,E 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
Choose three actions that can be performed from the Accounts Payables dashboard.
- A. Reorder Columns
- B. Reorder Rows
- C. Export to Excel
- D. Drill Down
- E. Export to PDF
Correct Answer: A,C,D 🗳️
Which three fields are required in the Invoice Header when creating an invoice using the spreadsheet options?
- A. Invoice Amount
- B. Supplier Site
- C. Invoice Number
- D. Invoice Group
- E. Payment Term
Correct Answer: A,C,E 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
Identify three attributes of a Single Payment Request.
- A. batch processing
- B. recurring
- C. real time
- D. one-time
- E. nonrecurring
Correct Answer: A,B,D 🗳️
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 selected and no discount is availed.
- C. The installment is selected and a discount of $150 is availed.
- D. The installment is, selected and a discount of $100 is availed.
- E. The installment is NOT selected because the discount dates are before the Pay Through Date.
Correct Answer: B 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
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