- Exam Code: 1z0-507
- Exam Name: Oracle Fusion Financials 11g Accounts Payable Essentials
- Updated: Sep 12, 2026
- Q & A: 119 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Expense Reports Management | 10% | - Expense report approval workflow - Enter and submit expense reports - Audit and process expense reports |
| Topic 2: Payables Setup and Configuration | 20% | - Set up supplier and supplier sites - Define payment terms and payment methods - Configure tax and accounting rules - Configure Payables system options |
| Topic 3: Overview of Oracle Fusion Payables | 10% | - Payables concepts and architecture - Payables dashboard and work areas |
| Topic 4: Accounting, Period Close and Reporting | 15% | - Manage accounting periods - Transfer to General Ledger - Run Payables reports and analytics - Create accounting entries |
| Topic 5: Payments Processing | 20% | - Single payments and batch payments - Payment formats and bank integration - Stop and void payments - Create and manage payment process requests |
| Topic 6: Invoice Processing | 25% | - Prepayments and credit memos - Enter and validate invoices - iSupplier Portal invoice entry - Invoice matching and holds resolution |
Identify three fields that will be extracted from an invoice when using the Integrated imaging solution.
Correct Answer: A,B,C 🗳️
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Identify three predefined accounting event classes used by subledger Accounting.
Correct Answer: A,B,E 🗳️
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Select three types of invoice transactions for which invoice distributions are generated automatically.
Correct Answer: A,C,D 🗳️
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An employee submits an expense report, but before it is processed the employee is terminated. At which level is the option Processing Days Allowed After Termination configured?
Correct Answer: C 🗳️
What are the three benefits derived by a Payables Manager when implementing Oracle fusion Payables?
Correct Answer: A,D,E 🗳️
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