Study with 1z1-507 Actual Test Questions
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Updated: May 28, 2026
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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
1. Which three tasks are performed during the expense report reimbursement process?
A) Attachment of receipts supporting expense reports.
B) Creation of payables documents.
C) Approval of expense report.
D) Transfer of data to the payables open interface.
E) Defining expense policies and rules.
2. Identify three scenarios where you are NOT allowed to cancel an invoice.
A) The invoice is validated.
B) The invoice is fully or partially paid.
C) An accounting entry has been created for the invoice.
D) Prepayments were applied to the invoice.
E) The invoice was adjusted by a credit or debit memo.
3. Choose three features of Oracle Fusion Expenses that facilitate streamlined expense item creation.
A) efficient approval mechanism
B) smart defaulting
C) classification of expenses
D) tagging and Tag Search
E) imaged receipts attachment
4. Select three true statements about the Invoice Validation process.
A) validates project information
B) updates Supplier Balance
C) creates Accounting Entries
D) creates withholding invoices
E) creates tax lines and distributions
5. A company has a business requirement to pay small suppliers outside of the system, but it does NOT want to manually record each such transaction.
Which solution should be implemented?
A) Create Payment batches using a check payment method for those multiple suppliers and destroy those checks.
B) Create batches using a clearing payment method for those multiple suppliers because the payment method does not generate a file.
C) Create payment batches using bills payable functionality for those multiple suppliers and then delete the resulting electronic file.
D) Create payment batches using an electronic Funds Transfer (EFT) for those multiple suppliers and then do not send the resulting electronic file to the bank.
E) Create payment batches using a wire payment method for those multiple suppliers and then delete the resulting electron file.
Solutions:
| Question # 1 Answer: A,B,C | Question # 2 Answer: B,D,E | Question # 3 Answer: A,C,E | Question # 4 Answer: B,D,E | Question # 5 Answer: A |
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