PDF Version DemoOracle 1z0-507 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Fusion Financials 11g Accounts Payable Essentials |
| Exam Number: | 1z0-507 |
| Exam Price: | $245 USD |
| Passing Score: | 60% |
| Exam Duration: | 120 minutes |
| Certificate Validity Period: | No expiration |
| Real Exam Qty: | 75 |
| Related Certifications: | Oracle Fusion Financials 11g Implementation Specialist |
| Exam Format: | Multiple Choice, Multiple Select |
| Available Languages: | English |
| Recommended Training: | Oracle Fusion Financials: Implement Payables Oracle Fusion Financials: Payables Fundamentals |
| Exam Registration: | Oracle MyLearn Pearson VUE |
| Sample Questions: | Oracle 1z0-507 Sample Questions |
| Exam Way: | Online proctored or in-person at authorized testing centers |
| Pre Condition: | No formal prerequisites; hands-on experience with Oracle Fusion Financials is recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-fusion-financials-11g-accounts-payable-essentials/pexam_1z0-507 |
Oracle 1z0-507 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Payables Setup and Configuration | 20% | - Set up supplier and supplier sites - Define payment terms and payment methods - Configure Payables system options - Configure tax and accounting rules |
| Accounting, Period Close and Reporting | 15% | - Manage accounting periods - Run Payables reports and analytics - Transfer to General Ledger - Create accounting entries |
| Overview of Oracle Fusion Payables | 10% | - Payables concepts and architecture - Payables dashboard and work areas |
| Payments Processing | 20% | - Payment formats and bank integration - Single payments and batch payments - Create and manage payment process requests - Stop and void payments |
| Expense Reports Management | 10% | - Enter and submit expense reports - Expense report approval workflow - Audit and process expense reports |
| Invoice Processing | 25% | - Prepayments and credit memos - iSupplier Portal invoice entry - Invoice matching and holds resolution - Enter and validate invoices |
Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
1. Which three activities are performed in the Corporate Cards Work Area?
A) managing corporate card issuers
B) creating payment requests
C) managing outstanding transactions
D) managing historical transactions
E) managing usage policies
F) managing corporate card programs
2. An installment for $2,000 is due for payment on July 31, 2012. The Installment has two discounts: the first discount date is June 15, 2012, for $150 and the second discount date is June 30, 2012 for $100.
You submit a payment process request:
-Payment Date = June 20, 2012 -Pay Through Date = July 30, 2011 -Date Basis = Due date
What will be the resulting status of the installment and discount?
A) The installment is, selected and a discount of $100 is availed.
B) The installment is NOT selected because the due date is later than the Pay Through Date.
C) The installment is selected and no discount is availed.
D) The installment is selected and a discount of $150 is availed.
E) The installment is NOT selected because the discount dates are before the Pay Through Date.
3. Which hold type prevents accounting of a foreign currency invoice if the conversion rate is missing?
A) Invoice Amount Limit hold
B) No Rate hold
C) Unmatched Invoices hold
D) Incorrect Conversion Rate hold
E) Distribution Variance hold
4. Identify three attributes of a Single Payment Request.
A) real time
B) one-time
C) batch processing
D) recurring
E) nonrecurring
5. In which two scenarios is the invoice line type Prepayment automatically generated?
A) at the time of validating a Prepayment Invoice
B) a prepayment created with invoice type as Prepayment
C) a prepayment applied to the invoice
D) a manually created invoice line with type as Prepayment
E) a prepayment is unapplied to the invoice
Solutions:
| Question # 1 Answer: B,C,F | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B,C,D | Question # 5 Answer: C,E |
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