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Oracle 1z0-507 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Payments Processing | - Payment execution
|
| Reporting and Controls | - Payables reporting
|
| Invoice Management | - Invoice creation and processing
|
| Accounts Payable Setup and Configuration | - Supplier setup and management
|
| Accounting and Period Close | - Payables accounting entries
|
Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
Identify the search method that allows a search across expense items and expense reports using any information captured in the expense item or expense report.
- A. Contextual Search
- B. Compact Search
- C. Tag Search
- D. Secured Enterprise Search
- E. Advanced Search
Correct Answer: B 🗳️
Choose three actions that can be performed from the Accounts Payables dashboard.
- A. Reorder Columns
- B. Drill Down
- C. Export to Excel
- D. Export to PDF
- E. Reorder Rows
Correct Answer: A,B,C 🗳️
An employee submits an expense report, but before it is processed the employee is terminated. At which level is the option Processing Days Allowed After Termination configured?
- A. Expense template and type set up
- B. Employee
- C. Define expenses configuration
- D. Business unit
- E. Project attributes
Correct Answer: B 🗳️
Which two receipts modifications are displayed in the Payables Matched and Modified Receipts Report?
- A. Damage made during Receiving Inspection and Transfer to Stores
- B. Product Returned to Supplier
- C. Product rejected during Quality Check
- D. Substitution Products
- E. Quantity received was incorrectly recorded
Correct Answer: A,E 🗳️
Explanation: Only visible for DumpsReview members. You can sign-up / login (it's free).
During its first month end close, a company has an Invoice with a Hold status dated 15-Jan-2012.
Its accounting practice permits the transfer of unaccounted transactions from one period to another. What will happen if it runs the Payables Unaccounted transactions Sweep program?
- A. The accounting date of the Invoice will change to the same day of next period.
- B. The accounting date of the invoice will change to the first day of the new period specified.
- C. The accounting date of the invoice will change to the same day of the new period specified.
- D. The accounting date of the invoice will NOT change but the user can close the existing period
- E. The accounting date- of the Invoice will change to the first day of next period.
Correct Answer: B 🗳️
Explanation: Only visible for DumpsReview members. You can sign-up / login (it's free).
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