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Oracle Fusion Financials 11g Accounts Payable Essentials - 1z1-507 real prep

1z1-507
  • Exam Code: 1z1-507
  • Exam Name: Oracle Fusion Financials 11g Accounts Payable Essentials
  • Updated: Oct 12, 2025
  • Q & A: 119 Questions and Answers
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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

1. 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 installment was manually removed.
C) The invoice needs revalidation.
D) The pay-through date is in the future period.
E) The pay-through date is in the closed period.


2. Identify two duty roles that are granted to a Tax Administrator.

A) Customer Account Addresses Inquiry Duty
B) French DAS2 Reporting Duty
C) Classification Administration Duty
D) Financial Application Lookups Administration Duty
E) Internal Contact Relationship Information Inquiry Duty


3. Which three attributes can be viewed for a Quick Payment from the Manage Payments page?

A) Business Unit
B) Supplier Number
C) Interest
D) Ledger
E) Error Message


4. Which three fields are required in the Invoice Header when creating an invoice using the spreadsheet options?

A) Invoice Group
B) Payment Term
C) Supplier Site
D) Invoice Number
E) Invoice Amount


5. A company has a business requirement that all invoices go through an approval process flow.
Identify three features of the Invoice Approval workflow that meets their requirement.

A) provides Lime limits as to how long an invoice can remain unapproved before being automatically rerouted to the next approver
B) has predefined criteria to identify which invoices require approval
C) allows for corrections to invoices to be made while still in the approval routing process
D) provides automatic routing of invoices upon approval to another designated approver
E) allows automatic resubmission of an invoice if rejection occurs


Solutions:

Question # 1
Answer: C,E
Question # 2
Answer: C,D
Question # 3
Answer: A,B,D
Question # 4
Answer: B,D,E
Question # 5
Answer: B,D,E

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