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 #41

Identify three benefits that a buyer company and supplier can receive from the Supplier Portal.

A. Reduce human error and prevent unauthorized purchasing with an automatic approval process for unmatched invoices.

B. Expedite invoice processing and increase efficiency by allowing authorized suppliers to enter their invoices against approved purchase orders.

C. 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.

D. Suppliers can view their purchase order information.

E. Suppliers can view and update their master information.

Discussion 0

Correct Answer: A,B,C Vote an answer

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

Question #42

Identify three tax types calculated and displayed in the totals area of the invoice page.

A. Recoverable Tax

B. Withheld Tax

C. Inclusive Tax

D. Non Recoverable tax

E. Self Assessed Tax

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 #43

What are the two parameters for the Payables Trial Balance Report?

A. Supplier Name

B. Party Name

C. Supplier Number

D. Ledger

E. Legal Entity

Discussion 0

Correct Answer: A,C Vote an answer

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

Question #44

A company has implemented the Integrated Imaging Solution. While extracting an invoice batch, RTS fails to extract and validate an invoice in the batch.
What is the next step?

A. The failed invoice will be removed from the batch and remaining Invoices will be sent to IPM for routing.

B. The entire batch is marked as failed and needs to be resubmitted after corrections.

C. The entire invoice batch will be sent to IPM tor routing including invoice failed validation.

D. Only the invoices that failed validation will be marked as failed and these need to be resubmitted after corrections

E. The failed invoices will be loaded with the data available and the user needs to enter the missing information manually.

Discussion 0

Correct Answer: B Vote an answer

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

Question #45

Which three tabs are available on a Single Payment Request?

A. Accounting

B. Advanced

C. Additional Information

D. Payment Details

E. Processing Options

Discussion 0

Correct Answer: C,D,E Vote an answer

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

Question #46

Which three options are used to sort the Unaccounted Transaction Report?

A. Transaction Number

B. Transaction Type

C. Transaction Currency

D. Transaction Date

E. Transaction Source

Discussion 0

Correct Answer: A,B,C Vote an answer

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

Question #47

An installment meets all the selection criteria of a payment process request but still did NOT get selected for payment.
Identify two reasons for this.

A. The pay-through date is in the future period.

B. The installment was manually removed.

C. The invoice needs revalidation.

D. The invoice has NOT been accounted.

E. The pay-through date is in the closed period.

Discussion 0

Correct Answer: C,E Vote an answer

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

Question #48

Select three types of invoice transactions for which invoice distributions are generated automatically.

A. Interest invoices generated during payment

B. Tax lines generated by Oracle Fusion Tax

C. Invoice validation

D. Invoice created through the Image Integration tool

E. Purchase order or receipt-matched lines

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 #49

Identify three actions performed by the Payables department for iSupplier invoices.

A. creating Purchase Order matched invoices

B. processing payments

C. creating Non Purchase Order matched invoices

D. creating accounting

E. Validating invoices

Discussion 0

Correct Answer: B,D,E Vote an answer

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

Question #50

Identify three attributes of a Single Payment Request.

A. recurring

B. nonrecurring

C. one-time

D. real time

E. batch processing

Discussion 0

Correct Answer: A,C,E Vote an answer

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.