Download Oracle : 1z0-507 Questions & Answers as PDF & Test Software
Updated: May 30, 2026
No. of Questions: 119 Questions & Answers with Testing Engine
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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
1. Which three options are true regarding the association of a receipt to an expense report?
A) Users can maintain a physical receipt and provide a reference number in the expense report.
B) Users can add a receipt manually to the expense report at the report level.
C) Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
D) Users can fax or email receipts with bar-coded cover sheets.
E) Users can add a receipt to the expense report at the line level.
2. In which two scenarios is the invoice line type Prepayment automatically generated?
A) a prepayment created with invoice type as Prepayment
B) a prepayment is unapplied to the invoice
C) a prepayment applied to the invoice
D) a manually created invoice line with type as Prepayment
E) at the time of validating a Prepayment Invoice
3. In which two ways will an invoice be impacted when an inclusive prepayment is unapplied from it?
A) The invoice paid status changes from Partially Paid to Unpaid.
B) The unpaid invoice amount is increased by the amount of the prepayment.
C) An installment is created for the prepayment amount.
D) The invoice validation status changes to Needs Revalidation.
E) The invoice accounting status changes to Partially Accounted.
4. What are the two parameters for the Payables Trial Balance Report?
A) Party Name
B) Supplier Name
C) Legal Entity
D) Ledger
E) Supplier Number
5. An installment meets all the selection criteria of a payment process request but still did NOT get selected for payment.
Identify two reasons for this.
A) The invoice has NOT been accounted.
B) The pay-through date is in the future period.
C) The pay-through date is in the closed period.
D) The installment was manually removed.
E) The invoice needs revalidation.
Solutions:
| Question # 1 Answer: C,D,E | Question # 2 Answer: B,C | Question # 3 Answer: A,B | Question # 4 Answer: B,E | Question # 5 Answer: C,E |
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