Oracle 1z0-507 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1z0-507
Exam Name/Title: Oracle Fusion Financials 11g Accounts Payable Essentials
Certification Provider: Oracle
Corresponding Certification: 11g

Exam Questions: 119
Updated On: Sep 09, 2026

Question #7

What are the three exceptions in the Payables Period Close Exceptions Report?

A. Unapplied Prepayments

B. Open Interface Import Errors

C. Unaccounted Invoices

D. Open Intercompany Transactions

E. Incomplete Payment Process Request

Discussion 0

Correct Answer: C,D,E Vote an answer

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Question #8

Identify three correct statements about Invoice Approval.

A. Approval rules can be set up at position, job, and supervisory hierarchy levels depending on approval needs.

B. Invoice approval uses Oracle Approval Management to determine who approves invoices and how they will be routed to different approval levels.

C. You can NOT define different approval rules for purchase order matched and unmatched invoice.

D. You can define different approval rules for purchase order matched and unmatched Invoices.

E. Invoice approval is required for customer refund payment requests.

Discussion 0

Correct Answer: B,C,E Vote an answer

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Question #9

Identify three correct statements about creating and maintaining supplier profile entities.

A. Multiple sites can NOT be created for the same address.

B. One supplier address can be associated with one or more supplier contacts and one contact can be associated with one or more addresses.

C. Transaction Controls are maintained at supplier site level.

D. Tax Registrations can be created and maintained only at the supplier level.

E. Bank Accounts can be created and maintained at supplier and supplier site level.

Discussion 0

Correct Answer: B,D,E Vote an answer

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Question #10

What is the validation status of an invoice after it is loaded using the Launch Import Invoice program?

A. Not required

B. Validated

C. Needs revalidation

D. Never validated

E. Revalidated

Discussion 0

Correct Answer: D Vote an answer

Question #11

Which section of the invoice Dashboard shows Invoices that require validation and were created from scanned invoices processed through the Integrated Imaging solution?

A. Scanned Invoices

B. Process Monitor

C. Recently Entered Invoices

D. Invoices Requiring Attention

E. Available Prepayments

Discussion 0

Correct Answer: A Vote an answer

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Question #12

During the invoice Import process, the implication assigns the accounting date from the first 5 finds.
Which three sources will the application check for the accounting date?

A. Accounting Date parameter from the import submission

B. Invoice Line record

C. Invoice Header record

D. Invoice Distribution record

E. Purchase Order Header

Discussion 0

Correct Answer: A,C,D Vote an answer

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