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Oracle 1z1-507 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

1. Which two receipts modifications are displayed in the Payables Matched and Modified Receipts Report?

A) Damage made during Receiving Inspection and Transfer to Stores
B) Product rejected during Quality Check
C) Substitution Products
D) Quantity received was incorrectly recorded
E) Product Returned to Supplier

2. Identify three tax types calculated and displayed in the totals area of the invoice page.

A) Non Recoverable tax
B) Recoverable Tax
C) Withheld Tax
D) Inclusive Tax
E) Self Assessed Tax

3. 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) 10 days
B) 30 days
C) 7 days
D) 21 days
E) 15 days

4. 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) Issued
B) Payment file build
C) Cleared
D) Negotiable
E) Pending proposed payment review

5. Which three business rules prevent a distribution from being reversed?

A) If it represents an interest invoice line
B) If it represents a prepayment application/unapplication
C) If it represents a variance (IPV or ERV)
D) If it is already posted to a subledger
E) If it is PO/RCV matched

Solutions: