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Oracle 1z0-507 : Oracle Fusion Financials 11g Accounts Payable Essentials

Exam Code: 1z0-507

Exam Name: Oracle Fusion Financials 11g Accounts Payable Essentials

Updated: May 31, 2026

Q & A: 119 Questions and Answers

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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

1. 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 batches using a clearing payment method for those multiple suppliers because the payment method does not generate a file.
B) Create payment batches using bills payable functionality for those multiple suppliers and then delete the resulting electronic file.
C) Create payment batches using a wire payment method for those multiple suppliers and then delete the resulting electron 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 check payment method for those multiple suppliers and destroy those checks.


2. What are the three modes available to enter expense reports?

A) Spreadsheet Integration
B) Oracle Fusion Projects
C) Oracle Fusion Payables
D) Oracle Fusion Expenses
E) Oracle Fusion Payments


3. A company plans to provide access to certain employees with rights to update the cost center information with the expenses application.
What duty must a user have in order to update cost center information?

A) Expense Entry Duty
B) Expense Account Allocation Duty
C) Expense Audit Duty
D) Project expense Allocation Duty
E) Export Duty


4. Which two invoice actions are NOT allowed if prepayments have been applied to an invoice?

A) Modify an invoice distribution.
B) Reverse an invoice distribution.
C) Modify the accounting information.
D) Cancel an invoice.
E) Add an invoice line.


5. Identify three duty roles that are granted to both the Accounts Payable Supervisor and the Accounts Payable Manager.

A) Payables Balance Analysis Duty
B) Accounts Payable Period Status Review Duty
C) Business Intelligence Authoring Duty
D) Disbursement Process Management Duty
E) Accounts Payable Period Status Management Duty
F) Payables Business Intelligence Management Duty


Solutions:

Question # 1
Answer: E
Question # 2
Answer: B,C,D
Question # 3
Answer: B
Question # 4
Answer: A,D
Question # 5
Answer: B,C,D

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