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Oracle 1z1-507 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Supplier and Invoice Management | - Supplier setup and maintenance - Invoice matching and approvals - Invoice creation and validation |
| Topic 2: Reporting and Controls | - AP reporting tools and analysis - Audit and compliance controls |
| Topic 3: Accounting and Period Close | - AP accounting entries - Period end close processes |
| Topic 4: Accounts Payable Overview | - AP business processes overview - AP setup and configuration |
| Topic 5: Payments Processing | - Payment processing and reconciliation - Payment methods and formats |
Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
1. Which section of the Accounts Payable dashboard displays information about supplier sites on payments hold?
A) Supplier Sites on Payment Hold
B) Stop Payment Requests
C) Invoice Requiring Attention
D) Payment Process Requests
E) Payment Files Requiring Attention
2. A company has different payment terms for different suppliers. Payment terms with some suppliers also include discounts.
Which report needs to be executed to identify the maximum discounts possible by the earliest payment to the suppliers or where they should have taken a discount but did not?
A) Payables Discounts Taken and Lost Report by Supplier
B) Payables Discounts taken and Lost Report
C) Payables Discounts Report
D) Payables Discounts taken Report
E) Payables Discounts lost Report
3. Identify three tax types calculated and displayed in the totals area of the invoice page.
A) Inclusive Tax
B) Self Assessed Tax
C) Withheld Tax
D) Recoverable Tax
E) Non Recoverable tax
4. What invoice approval status is required to apply the invoice approval action Hold from Approval?
A) Required
B) Initiated
C) Rejected
D) Resubmit for Approval
E) Held from Approval
5. Which three options are used to sort the Unaccounted Transaction Report?
A) Transaction Currency
B) Transaction Type
C) Transaction Source
D) Transaction Date
E) Transaction Number
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: C,D,E | Question # 4 Answer: A | Question # 5 Answer: A,B,E |
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