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Oracle 1z1-507 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Reporting and Controls | - AP reporting tools and analysis - Audit and compliance controls |
| Supplier and Invoice Management | - Supplier setup and maintenance - Invoice creation and validation - Invoice matching and approvals |
| Payments Processing | - Payment methods and formats - Payment processing and reconciliation |
| Accounts Payable Overview | - AP business processes overview - AP setup and configuration |
| Accounting and Period Close | - Period end close processes - AP accounting entries |
Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
Identify two privileges granted to the job role Accounts Payable Supervisor.
- A. preparing French DAS2 Contractor Letters
- B. managing Accounting Period Status
- C. managing Payables Activities
- D. running Payables Data Extraction Program
- E. initiating Payables Invoice Approval Task Flow
Correct Answer: B,C 🗳️
Explanation: Only visible for ActualVCE members. You can sign-up / login (it's free).
Which are three key features of Expense Report Entry?
- A. association of receipt image for expedited processing
- B. scheduled processes to create card issuer and employee payment requests
- C. approval of expense reports through Oracle Fusion Approvals Management
- D. consolidated Information-Driven Work Area
- E. contextual search and expense tracking for easy retrieval
Correct Answer: A,C,D 🗳️
Explanation: Only visible for ActualVCE members. You can sign-up / login (it's free).
In which two scenarios is the invoice line type Prepayment automatically generated?
- A. a prepayment is unapplied to the invoice
- B. a manually created invoice line with type as Prepayment
- C. a prepayment applied to the invoice
- D. at the time of validating a Prepayment Invoice
- E. a prepayment created with invoice type as Prepayment
Correct Answer: A,C 🗳️
Explanation: Only visible for ActualVCE members. You can sign-up / login (it's free).
Where is the Expense Clearing Account and Payment Option set up in Expenses?
- A. Expense Report template
- B. Business Unit System Options
- C. Edit Expenses Systems Options
- D. Payables System Options
- E. Create or Edit Company Account pop-up menu
Correct Answer: D 🗳️
Explanation: Only visible for ActualVCE members. You can sign-up / login (it's free).
A company has implemented the Supplier Portal. Select three correct statements regarding registration of a supplier in the Supplier Portal.
- A. The buying company can NOT register users directly and can only initiate the process of adding new suppliers by inviting supplier users.
- B. The User Administrator, after getting registered as a supplier, can NOT create new user accounts directly for his or her company's users.
- C. The buyer company sends an invitation to the Supplier requesting a registration with the system, which in turn, sends a notification to the supplier.
- D. The buying company initiates the process of adding new suppliers by inviting supplier users to register or by registering supplier users directly.
- E. The buyer verifies the supplier information and sends an update on the registration request.
Correct Answer: C,D,E 🗳️
Explanation: Only visible for ActualVCE members. You can sign-up / login (it's free).
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