Oracle 1z0-507 exam dumps : Oracle Fusion Financials 11g Accounts Payable Essentials

  • Exam Code: 1z0-507
  • Exam Name: Oracle Fusion Financials 11g Accounts Payable Essentials
  • Updated: Sep 05, 2025     Q & A: 119 Questions and Answers

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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 add a receipt to the expense report at the line level.
B) Users can maintain a physical receipt and provide a reference number in the expense report.
C) Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
D) Users can add a receipt manually to the expense report at the report level.
E) Users can fax or email receipts with bar-coded cover sheets.


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


3. A company needs to implement corporate cards with Company Pay or Both Pay Payments liability.
Select three correct statements regarding corporate card implementation.

A) One clearing account can be set up for all card programs.
B) Payables uses the clearing account to record only the debits.
C) Specific expense clearing account can be set up per card program.
D) Setting up of expense clearing account is required only for Company Pay and Both Pay payment liability.


4. Which are three key features of Expense Report Entry?

A) approval of expense reports through Oracle Fusion Approvals Management
B) contextual search and expense tracking for easy retrieval
C) consolidated Information-Driven Work Area
D) association of receipt image for expedited processing
E) scheduled processes to create card issuer and employee payment requests


5. Identify three tax types calculated and displayed in the totals area of the invoice page.

A) Recoverable Tax
B) Self Assessed Tax
C) Withheld Tax
D) Inclusive Tax
E) Non Recoverable tax


Solutions:

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

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