Oracle 1z1-507 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1z1-507
Exam Name/Title: Oracle Fusion Financials 11g Accounts Payable Essentials
Certification Provider: Oracle
Corresponding Certification: 11g

Exam Questions: 119
Updated On: Aug 14, 2026

Question #51

Which two Payment Controls can be overridden by creating a manual Single Payment Request?

A. Supplier, with the Hold All Payments option enabled

B. Enable Charge Deduction from Payment

C. Multiple Pay Alone Invoices

D. All payment methods

E. Allow Pre-Date

Discussion 0

Correct Answer: C,D Vote an answer

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Question #52

Identify two benefits of using the iSupplier Invoice approval process.

A. manual Hold Resolution

B. manual routing for approvals

C. automatic Hold Resolution

D. automatic routing for approval

Discussion 0

Correct Answer: A,D Vote an answer

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Question #53

Which three fields appears in the Invoice Summary area when creating an invoice using the spreadsheet options?

A. Status

B. Invoice Number

C. Difference

D. Miscellaneous

E. Freight

Discussion 0

Correct Answer: A,B,E Vote an answer

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Question #54

A Payment Process Request was submitted. Subsequently, the user realized that there are some errors in the payment file.
The payment process was terminated by terminating the payment file.
Which three statements are true?

A. The application sets the status of each payment in the payment file to Canceled.

B. The application sets the status of the payment file to terminated.

C. The application informs the source product of the terminated documents payable, unlocks the documents, and resets their status so that the documents are available for future selection.

D. The application sets the status of the payment file to Canceled.

E. The application sets the status of each payment in the payment file to terminated.

Discussion 0

Correct Answer: A,B,C Vote an answer

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Question #55

What invoice approval status is required to apply the invoice approval action Hold from Approval?

A. Required

B. Resubmit for Approval

C. Held from Approval

D. Rejected

E. Initiated

Discussion 0

Correct Answer: A Vote an answer

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Question #56

A company has a business requirement that all invoices go through an approval process flow.
Identify three features of the Invoice Approval workflow that meets their requirement.

A. has predefined criteria to identify which invoices require approval

B. provides Lime limits as to how long an invoice can remain unapproved before being automatically rerouted to the next approver

C. provides automatic routing of invoices upon approval to another designated approver

D. allows automatic resubmission of an invoice if rejection occurs

E. allows for corrections to invoices to be made while still in the approval routing process

Discussion 0

Correct Answer: A,C,D Vote an answer

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Question #57

Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

A. The payment term of the invoice overrides the purchase order payment term.

B. The purchase order payment term can NOT be overridden.

C. The user needs to manually change the payment term on the invoice to make it the same as the purchase order payment term.

D. The user needs to specify which payment term will be used.

E. The payment term of the purchase order overrides the invoice payment term.

Discussion 0

Correct Answer: A Vote an answer

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Question #58

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 #59

A company needs to implement corporate cards with Company Pay or Both Pay Payments liability.
Select three correct statements regarding corporate card implementation.

A. Setting up of expense clearing account is required only for Company Pay and Both Pay payment liability.

B. Specific expense clearing account can be set up per card program.

C. One clearing account can be set up for all card programs.

D. Payables uses the clearing account to record only the debits.

Discussion 0

Correct Answer: A,B,D Vote an answer

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Question #60

Which embedded analytics provides Information on expense reports without receipts?

A. Corporate Card Required Violation

B. Recurring Violations

C. Recent Similar Analytics

D. Recent Returned Reports

Discussion 0

Correct Answer: B Vote an answer

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