Try and practice the latest Oracle : 1z0-507 real questions & answers
Updated: May 27, 2026
No. of Questions: 119 Questions & Answers with Testing Engine
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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
1. Which two invoice actions are NOT allowed if prepayments have been applied to an invoice?
A) Modify the accounting information.
B) Reverse an invoice distribution.
C) Cancel an invoice.
D) Add an invoice line.
E) Modify an invoice distribution.
2. Identify three tax types calculated and displayed in the totals area of the invoice page.
A) Withheld Tax
B) Self Assessed Tax
C) Inclusive Tax
D) Recoverable Tax
E) Non Recoverable tax
3. Identify three benefits that a buyer company and supplier can receive from the Supplier Portal.
A) Suppliers can view and update their master information.
B) Expedite invoice processing and increase efficiency by allowing authorized suppliers to enter their invoices against approved purchase orders.
C) Suppliers can view their purchase order information.
D) Enhance supplier relationship and reduce communication overhead by providing suppliers a quick view of invoice and related payments regardless of whether invoices were submitted online or processed manually.
E) Reduce human error and prevent unauthorized purchasing with an automatic approval process for unmatched invoices.
4. Identify the criteria where an invoice will NO longer be considered recently entered in the context of the Recently Entered Invoices Workarea of the Invoice Dashboard.
A) The invoice is Validated.
B) The invoice is NOT yet Accounted.
C) The Invoice was entered in the past seven days.
D) The Invoice is within the 100 most recent transactions.
E) The invoice is Accounted.
5. The Payment Process Request section of the Accounts Payables dashboard has a tab called Recently Completed. This tab displays all the payment process requests completed in the last_________.
A) 30 days
B) 15 days
C) 21 days
D) 7 days
E) 10 days
Solutions:
| Question # 1 Answer: C,E | Question # 2 Answer: A,D,E | Question # 3 Answer: B,D,E | Question # 4 Answer: C | Question # 5 Answer: D |
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