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

  • Exam Code: 1z1-507
  • Exam Name: Oracle Fusion Financials 11g Accounts Payable Essentials
  • Updated: Jun 05, 2026
  • Q & A: 119 Questions and Answers

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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

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

A) Supplier Sites on Payment Hold
B) Payment Process requests
C) Schedule Requests
D) Stop Payment Requests
E) Process Monitor


2. Select three valid invoice line types.

A) Tax
B) Charges
C) Miscellaneous
D) Freight
E) Interest


3. A company has a requirement to default the disbursement bank account during the payment process request.
Which two actions will accomplish this?

A) Define the Disbursement Bank Account at the user level; the payment process derives the disbursement hank account associated with the user.
B) Define the Disbursement Bank Account in the Payment Method; the payment process derives the disbursement bonk accounts based on the Payment Method.
C) Define the Disbursement Bank Account at the Business Unit level; the payment process derives the disbursement hank accounts based on the business unit.
D) Define the Disbursement Bank Account in the Payment Process Profile; the payment process derives the disbursement bank accounts based on the Payment Process Profile.
E) Create a payment Process Request template with the disbursement bank account so that it becomes the default.


4. Which three attributes can be viewed for a Quick Payment from the Manage Payments page?

A) Supplier Number
B) Business Unit
C) Ledger
D) Error Message
E) Interest


5. An invoice for $1,000 and a credit memo for $1,100 are due for payment.
Which two outcomes will result if the Apply Credits up to Zero Amount Payment option is enabled in the Payment and Processing options of the Payment Process Request?

A) The invoice is paid fully but the credit memo is paid partially when a credit of $100 still remaining.
B) Only the invoice is paid fully but the credit memo will have a balance of $1,100.
C) Both the invoice and credit memo are included in the payment process request
D) Both the invoice and credit memo are paid fully.
E) Neither the invoice nor the credit memo is included in the payment process request.


Solutions:

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

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