Passing exam with 1z0-507 latest training materials
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Updated: Sep 08, 2025
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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
1. Which section of the invoice Dashboard shows Invoices that require validation and were created from scanned invoices processed through the Integrated Imaging solution?
A) Process Monitor
B) Available Prepayments
C) Scanned Invoices
D) Recently Entered Invoices
E) Invoices Requiring Attention
2. What are the three exceptions in the Payables Period Close Exceptions Report?
A) Open Intercompany Transactions
B) Unapplied Prepayments
C) Open Interface Import Errors
D) Unaccounted Invoices
E) Incomplete Payment Process Request
3. Identify three attributes of a Single Payment Request.
A) nonrecurring
B) real time
C) batch processing
D) one-time
E) recurring
4. A Payment Process Request was submitted. Subsequently, the user realized that there are some errors in the payment file.
The payment process was terminated by terminating the payment file.
Which three statements are true?
A) The application sets the status of the payment file to terminated.
B) The application informs the source product of the terminated documents payable, unlocks the documents, and resets their status so that the documents are available for future selection.
C) The application sets the status of the payment file to Canceled.
D) The application sets the status of each payment in the payment file to terminated.
E) The application sets the status of each payment in the payment file to Canceled.
5. Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?
A) The user needs to specify which payment term will be used.
B) The purchase order payment term can NOT be overridden.
C) The payment term of the purchase order overrides the invoice payment term.
D) The payment term of the invoice overrides the purchase order payment term.
E) The user needs to manually change the payment term on the invoice to make it the same as the purchase order payment term.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A,D,E | Question # 3 Answer: C,D,E | Question # 4 Answer: A,B,E | Question # 5 Answer: D |
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