Exit demo 1Z0-507 Oracle Fusion Financials 11g Accounts Payable Essentials PDF format · free preview

Oracle 1Z0-507 - Questions & Answers

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Question 1
Single choice

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

A.

Payment Process requests

B.

Stop Payment Requests

C.

Schedule Requests

D.

Process Monitor

E.

Supplier Sites on Payment Hold

Question 2
Multiple choice

Identify two duty roles that are granted to a Tax Administrator.

A.

French DAS2 Reporting Duty

B.

Financial Application Lookups Administration Duty

C.

Internal Contact Relationship Information Inquiry Duty

D.

Classification Administration Duty

E.

Customer Account Addresses Inquiry Duty

Question 3
Multiple choice

Which two receipts modifications are displayed in the Payables Matched and Modified Receipts Report?

A.

Quantity received was incorrectly recorded

B.

Product rejected during Quality Check

C.

Damage made during Receiving Inspection and Transfer to Stores

D.

Product Returned to Supplier

E.

Substitution Products

Question 4
Single choice

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

C.

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

D.

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

E.

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

Question 5
Multiple choice

Identify three fields that will be extracted from an invoice when using the Integrated imaging solution.

A.

Purchase Order number

B.

Item number

C.

item price

D.

Invoice amount

E.

Supplier name

Question 6
Single choice

An invoice is created, paid, and is accounted for. Two adjustments are made to the invoice and validated with the same accounting date.

Which statement is correct?

A.

A Payment Adjustment Event is created for both adjustments.

B.

Only one Payment Adjustment Event is created because the first Payment Adjustment Event has NOT been accounted.

C.

The Payment Adjustment Event created in the first instance will be overwritten by the second.

D.

A Payment Adjustment Event is created in the second instance even though the first event had NOT been accounted.

E.

A Payment Adjustment Event is NOT created in both the cases.

Question 7
Single choice

A user, while entering an invoice for an asset for capitalization, has entered the GL Distribution charge Account.

Identify the asset related account to which this invoice should match in order for it to be automatically converted into an asset in Fusion Assets.

A.

Asset Cost Account

B.

Asset Amortization Account

C.

Depreciation Account

D.

Accumulated Depreciation Account

E.

Asset Clearing Account

Question 8
Multiple choice

Which two organizational components are part of the OTBI report for outstanding payables Invoices?

A.

Legal Entity

B.

Business Group

C.

Human Resources Organization

D.

Business Unit

E.

Inventory Organization

Question 9
Single choice

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.

21 days

B.

30 days

C.

15 days

D.

7 days

E.

10 days

Question 10
Multiple choice

Which three activities are performed by the Expense Auditor in the Auditing Work Area?

A.

Initiating and monitoring reimbursement processing

B.

Managing daily upload of credit card data

C.

Reviewing and reprocessing expense reports

D.

Viewing payment requests created for employees and corporate card issuers

E.

Managing corporate expense policies and rules

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