Learn with Oracle : 1z0-507 training material for 100% pass
Updated: Sep 04, 2025
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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
1. Identity three events across the life cycle of an expense report?
A) Line managers can approve the expense report submitted by the user for approval.
B) The expense items and expense reports will be tagged and can be located through the Tag Center.
C) There in seamless desktop integration through Excel for offline expense entry.
D) The expenses incurred by a user while transacting business are entered in an expense report.
E) An invoice is created in Accounts Payable.
2. Identify two duty roles that are granted to a Tax Administrator.
A) French DAS2 Reporting Duty
B) Classification Administration Duty
C) Customer Account Addresses Inquiry Duty
D) Financial Application Lookups Administration Duty
E) Internal Contact Relationship Information Inquiry Duty
3. Identify three correct statements about Invoice Approval.
A) You can define different approval rules for purchase order matched and unmatched Invoices.
B) You can NOT define different approval rules for purchase order matched and unmatched invoice.
C) Invoice approval is required for customer refund payment requests.
D) Invoice approval uses Oracle Approval Management to determine who approves invoices and how they will be routed to different approval levels.
E) Approval rules can be set up at position, job, and supervisory hierarchy levels depending on approval needs.
4. Which three fields are required in the Invoice Header when creating an invoice using the spreadsheet options?
A) Invoice Amount
B) Payment Term
C) Supplier Site
D) Invoice Group
E) Invoice Number
5. Identify three correct statements about creating and maintaining supplier profile entities.
A) Bank Accounts can be created and maintained at supplier and supplier site level.
B) Transaction Controls are maintained at supplier site level.
C) Tax Registrations can be created and maintained only at the supplier level.
D) One supplier address can be associated with one or more supplier contacts and one contact can be associated with one or more addresses.
E) Multiple sites can NOT be created for the same address.
Solutions:
| Question # 1 Answer: A,D,E | Question # 2 Answer: B,D | Question # 3 Answer: B,C,D | Question # 4 Answer: A,B,E | Question # 5 Answer: A,C,D |
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