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Oracle 1z0-507 Exam Syllabus Topics:

Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

1. 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

2. 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

3. 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

4. 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

5. 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.

Solutions: