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1z1-507
  • Exam Code: 1z1-507
  • Exam Name: Oracle Fusion Financials 11g Accounts Payable Essentials
  • Updated: Sep 16, 2026
  • No. of Questions: 119 Questions and Answers
  • Download Limit: Unlimited
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Oracle 1z1-507 Exam Syllabus Topics:

SectionObjectives
Topic 1: Payments Processing- Payment execution
  • 1. Payment reconciliation
    • 2. Payment batches and scheduling
      - Payment methods and formats
      • 1. Electronic funds transfer (EFT)
        • 2. Check and wire payment processing
          Topic 2: Invoice Management- Invoice creation and processing
          • 1. Standard and recurring invoices
            • 2. Invoice validation and approval workflow
              - Invoice adjustments
              • 1. Invoice holds and resolutions
                • 2. Credit memos and cancellations
                  Topic 3: Reporting and Controls- Internal controls
                  • 1. Approval rules and segregation of duties
                    • 2. Audit trails and compliance checks
                      - Payables reporting
                      • 1. Invoice and payment reporting
                        • 2. Standard financial reports
                          Topic 4: Accounting and Period Close- Payables accounting entries
                          • 1. Subledger accounting integration
                            • 2. Invoice and payment accounting events
                              - Period close activities
                              • 1. Reconciliation and reporting
                                • 2. Payables period close process
                                  Topic 5: Accounts Payable Setup and Configuration- Supplier setup and management
                                  • 1. Supplier classification and payment terms
                                    • 2. Supplier and supplier site configuration
                                      - Payables system configuration
                                      • 1. Payables options and controls
                                        • 2. Financial options setup

                                          Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

                                          Identify three fields that will be extracted from an invoice when using the Integrated imaging solution.

                                          • A. Supplier name
                                          • B. Item number
                                          • C. Purchase Order number
                                          • D. item price
                                          • E. Invoice amount
                                          Reveal Solution  Discussion  0

                                          Correct Answer: A,C,E  🗳️

                                          Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).

                                          Which three fields are required to create an invoice without a purchase order through the Supplier Portal?

                                          • A. Supplier Name
                                          • B. Tax Registration Number
                                          • C. Requester E-Mail
                                          • D. Taxpayer ID
                                          • E. Remit to name
                                          Reveal Solution  Discussion  0

                                          Correct Answer: A,D,E  🗳️

                                          Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).

                                          Choose three actions that can be performed from the Accounts Payables dashboard.

                                          • A. Reorder Rows
                                          • B. Export to Excel
                                          • C. Export to PDF
                                          • D. Reorder Columns
                                          • E. Drill Down
                                          Reveal Solution  Discussion  0

                                          Correct Answer: B,D,E  🗳️

                                          A company has three Balancing Segment values. An Invoice is charged to all the three Balancing Segments. It is created with three distributions with the respective Balancing Segment values and the same Natural Account for AP Charge Account.
                                          Which set up should automatically account the liability account to the respective Balancing Segment Values?

                                          • A. Sub ledger Accounting Setup
                                          • B. Distribution Set
                                          • C. Invoice Matching
                                          • D. Automatic Offset
                                          • E. Default Distributions
                                          Reveal Solution  Discussion  0

                                          Correct Answer: D  🗳️

                                          Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).

                                          Which hold type prevents accounting of a foreign currency invoice if the conversion rate is missing?

                                          • A. Distribution Variance hold
                                          • B. No Rate hold
                                          • C. Unmatched Invoices hold
                                          • D. Invoice Amount Limit hold
                                          • E. Incorrect Conversion Rate hold
                                          Reveal Solution  Discussion  0

                                          Correct Answer: B  🗳️

                                          Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).

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