Pass your actual test with our Oracle 1z0-507 training material at first attempt
Updated: Jul 21, 2026
No. of Questions: 119 Questions & Answers with Testing Engine
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| Certification Vendor: | Oracle |
| Exam Name: | Oracle Fusion Financials 11g Accounts Payable Essentials |
| Exam Number: | 1z0-507 |
| Real Exam Qty: | 75 |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Related Certifications: | Oracle Fusion Financials 11g Implementation Specialist |
| Passing Score: | 60% |
| Exam Price: | $245 USD |
| Exam Format: | Multiple Choice, Multiple Select |
| Certificate Validity Period: | No expiration |
| Recommended Training: | Oracle Fusion Financials: Implement Payables Oracle Fusion Financials: Payables Fundamentals |
| Exam Registration: | Pearson VUE Oracle MyLearn |
| Sample Questions: | Oracle 1z0-507 Sample Questions |
| Exam Way: | Online proctored or in-person at authorized testing centers |
| Pre Condition: | No formal prerequisites; hands-on experience with Oracle Fusion Financials is recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-fusion-financials-11g-accounts-payable-essentials/pexam_1z0-507 |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: 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 2: Accounting, Period Close and Reporting | 15% | - Create accounting entries - Transfer to General Ledger - Run Payables reports and analytics - Manage accounting periods |
| Topic 3: Overview of Oracle Fusion Payables | 10% | - Payables dashboard and work areas - Payables concepts and architecture |
| Topic 4: Expense Reports Management | 10% | - Expense report approval workflow - Enter and submit expense reports - Audit and process expense reports |
| Topic 5: Invoice Processing | 25% | - Prepayments and credit memos - Invoice matching and holds resolution - iSupplier Portal invoice entry - Enter and validate invoices |
| Topic 6: Payments Processing | 20% | - Single payments and batch payments - Payment formats and bank integration - Stop and void payments - Create and manage payment process requests |
1. Which section of the Payment Dashboard lists all the processes submitted within the last 72 hours?
A) Process Monitor
B) Stop Payment Requests
C) Supplier Sites on Payment Hold
D) Schedule Requests
E) Payment Process requests
2. A user issued a Payment Process Request and subsequently realized an error in the request.
Which two options show instances where the payment can NOT be voided?
A) A payment that has a status of Issued
B) A payment for an invoice which is a Withholding Tax Invoice
C) A payment that pays a prepayment that has been applied to an invoice
D) A payment that the bank has already cleared
E) A payment for an invoice that is already posted to General Ledger
3. Identify two benefits of using the iSupplier Invoice approval process.
A) manual Hold Resolution
B) manual routing for approvals
C) automatic Hold Resolution
D) automatic routing for approval
4. Which three attributes can be viewed for a Quick Payment from the Manage Payments page?
A) Supplier Number
B) Business Unit
C) Interest
D) Error Message
E) Ledger
5. 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) Depreciation Account
B) Asset Cost Account
C) Asset Clearing Account
D) Asset Amortization Account
E) Accumulated Depreciation Account
Solutions:
| Question # 1 Answer: E | Question # 2 Answer: C,D | Question # 3 Answer: A,D | Question # 4 Answer: A,B,E | Question # 5 Answer: B |
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