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Oracle 1z0-507 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion Financials 11g Accounts Payable Essentials |
| Exam Number: | 1Z0-507 |
| Exam Duration: | 120 minutes |
| Passing Score: | 66% |
| Real Exam Qty: | 55-65 |
| Related Certifications: | Oracle Financials Cloud Certifications Oracle Fusion Financials 11g Essentials |
| Exam Price: | $245 USD |
| Certificate Validity Period: | Does not expire (legacy Oracle certification policy) |
| Available Languages: | English |
| Exam Format: | Multiple Response, Multiple Choice |
| Recommended Training: | Oracle University Fusion Financials Training |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Registration |
| Sample Questions: | Oracle 1z0-507 Sample Questions |
| Exam Way: | Computer-based exam delivered via Pearson VUE testing centers or online proctored exam (where available) |
| Pre Condition: | No mandatory prerequisites; recommended familiarity with Oracle Fusion Financials 11g or basic accounting concepts |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z0-507 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Accounting and Period Close | - Period end close processes - AP accounting entries |
| Topic 2: Supplier and Invoice Management | - Invoice matching and approvals - Invoice creation and validation - Supplier setup and maintenance |
| Topic 3: Accounts Payable Overview | - AP setup and configuration - AP business processes overview |
| Topic 4: Reporting and Controls | - AP reporting tools and analysis - Audit and compliance controls |
| Topic 5: Payments Processing | - Payment processing and reconciliation - Payment methods and formats |
Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:
Identify three fields that will be extracted from an invoice when using the Integrated imaging solution.
- A. item price
- B. Item number
- C. Purchase Order number
- D. Invoice amount
- E. Supplier name
Correct Answer: C,D,E 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
What is the validation status of an invoice after it is loaded using the Launch Import Invoice program?
- A. Revalidated
- B. Needs revalidation
- C. Not required
- D. Validated
- E. Never validated
Correct Answer: E 🗳️
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 entire batch is marked as failed and needs to be resubmitted after corrections.
- B. The failed invoices will be loaded with the data available and the user needs to enter the missing information manually.
- C. The failed invoice will be removed from the batch and remaining Invoices will be sent to IPM for routing.
- D. The entire invoice batch will be sent to IPM tor routing including invoice failed validation.
- E. Only the invoices that failed validation will be marked as failed and these need to be resubmitted after corrections
Correct Answer: A 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
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. Invoice Line record
- B. Invoice Distribution record
- C. Invoice Header record
- D. Purchase Order Header
- E. Accounting Date parameter from the import submission
Correct Answer: B,C,E 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
The Apply Missing Conversion Rates program can only be executed for a ___________.
- A. Ledger
- B. Ledger Set
- C. Business Group
- D. Business Unit
- E. Legal Entity
Correct Answer: A 🗳️
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