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 #21

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 payment batches using an electronic Funds Transfer (EFT) for those multiple suppliers and then do not send the resulting electronic file to the bank.

B. Create Payment batches using a check payment method for those multiple suppliers and destroy those checks.

C. Create payment batches using a wire payment method for those multiple suppliers and then delete the resulting electron file.

D. Create batches using a clearing payment method for those multiple suppliers because the payment method does not generate a file.

E. Create payment batches using bills payable functionality for those multiple suppliers and then delete the resulting electronic file.

Discussion 0

Correct Answer: B Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #22

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

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #23

Which three attributes can be viewed for a Quick Payment from the Manage Payments page?

A. Supplier Number

B. Ledger

C. Interest

D. Business Unit

E. Error Message

Discussion 0

Correct Answer: A,B,D Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #24

A company has three Balancing Segment values. An Invoice is charged to all the three Balancing Segments. It is created with three distributions with the respective Balancing Segment values and the same Natural Account for AP Charge Account.
Which set up should automatically account the liability account to the respective Balancing Segment Values?

A. Invoice Matching

B. Sub ledger Accounting Setup

C. Distribution Set

D. Automatic Offset

E. Default Distributions

Discussion 0

Correct Answer: D Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #25

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

A. Payables Business Intelligence Management Duty

B. Accounts Payable Period Status Review Duty

C. Payables Balance Analysis Duty

D. Disbursement Process Management Duty

E. Business Intelligence Authoring Duty

F. Accounts Payable Period Status Management Duty

Discussion 0

Correct Answer: B,D,E Vote an answer

Question #26

Identify two items that are defined in the Common Options in the Payables and Procurement window?

A. Discount Allocation Method

B. Payment Terms

C. Automatic Offset

D. Apply Withholding Tax

E. Conversion Rate Type

Discussion 0

Correct Answer: A,E Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #27

There is a business requirement to cancel all related invoices when voiding a payment.
In which two scenarios the invoices can NOT be canceled?

A. The invoice is already accounted.

B. The invoice has an associated withholding tax invoice.

C. The Invoice has been partially paid by a Prepayment.

D. The invoice has been partially paid by another payment.

E. The invoice is fully matched to a Purchase Order which is fully received.

Discussion 0

Correct Answer: C,D Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #28

An invoice for $1,000 and a credit memo for $1,100 are due for payment.
Which two outcomes will result if the Apply Credits up to Zero Amount Payment option is enabled in the Payment and Processing options of the Payment Process Request?

A. Neither the invoice nor the credit memo is included in the payment process request.

B. Both the invoice and credit memo are included in the payment process request

C. The invoice is paid fully but the credit memo is paid partially when a credit of $100 still remaining.

D. Only the invoice is paid fully but the credit memo will have a balance of $1,100.

E. Both the invoice and credit memo are paid fully.

Discussion 0

Correct Answer: B,D Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #29

While extracting an invoice batch, RTS fails to extract and validate an invoice in a batch. What action is needed to complete the process?

A. Review incomplete batches using Oracle Forms Recognition Runtime Service and resubmit them after correcting the exceptions.

B. Review incomplete batches using Oracle Imaging and Process Management and resubmit them after correcting the exception.

C. Review incomplete batches using Enterprise Content management and submit them after correcting the exceptions.

D. Review incomplete batches using Oracle Forms Recognition verifier and submit then after correcting the exceptions.

E. Review incomplete batches using Oracle Document Capture and resubmit them after correcting the exceptions.

Discussion 0

Correct Answer: D Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #30

Which section of the Payment Dashboard lists all the processes submitted within the last 72 hours?

A. Payment Process requests

B. Schedule Requests

C. Supplier Sites on Payment Hold

D. Process Monitor

E. Stop Payment Requests

Discussion 0

Correct Answer: A Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Download Free Oracle 1z1-507 Demo

Simply submit your e-mail address below to get started with our free demo of your Oracle 1z1-507 exam.