Oracle Fusion Financials 11g Accounts Payable Essentials : 1z1-507 valid dumps

1z1-507 real exams

Exam Code: 1z1-507

Exam Name: Oracle Fusion Financials 11g Accounts Payable Essentials

Updated: May 03, 2024

Q & A: 119 Questions and Answers

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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

1. What are the three prerequisites for applying a prepayment to an invoice?

A) The prepayment has the same supplier number as the invoice.
B) The prepayment has the same invoice currency as the invoice.
C) The prepayment has the same payment currency as the invoice.
D) The prepayment has the same requester as the invoice.
E) The prepayment has the same payment term as the invoice.


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

A) Managing corporate expense policies and rules
B) Reviewing and reprocessing expense reports
C) Viewing payment requests created for employees and corporate card issuers
D) Initiating and monitoring reimbursement processing
E) Managing daily upload of credit card data


3. A company implements Withholding Tax Setup. A user selects the applicable tax rates, completes the invoices and validates it. The Withholding tax is applied and a corresponding Withholding tax invoice created.
What is required to get this result?

A) Apply Withholding Tax at Invoice Validation and Create Withholding Invoice at Payment
B) Apply Withholding Tax at Invoice Validation and Create Withholding Invoice at Invoice Validation
C) Apply Withholding Tax at Invoice Validation and Never Create Withholding Invoice
D) Apply Withholding Tax at Payment and Create Withholding Invoice at Payment
E) Apply Withholding Tax at Payment and Create Withholding Invoice at Invoice Validation


4. The Apply Missing Conversion Rates program can only be executed for a ___________.

A) Legal Entity
B) Ledger
C) Ledger Set
D) Business Group
E) Business Unit


5. You are assigned a duty role of Supplier Profile Management. Which three tasks tan you perform?

A) Maintain suppliers
B) Import and merge suppliers
C) Maintain supplier payments
D) Maintain supplier Income Tax information
E) Maintain supplier Tax Identifiers PII data


Solutions:

Question # 1
Answer: A,B,C
Question # 2
Answer: B,C,D
Question # 3
Answer: B
Question # 4
Answer: B
Question # 5
Answer: A,D,E

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