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

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Oracle Fusion Financials 11g Accounts Payable Essentials Sample Questions:

1. Which three statements are true when a prepayment is applied to an invoice by selecting the option Include on Invoice?

A) The invoice is updated to reflect the amount paid by prepayment in the Installments tab.
B) The unpaid invoice amount is reduced by the amount of the prepayment application.
C) The unpaid invoice amount is not affected by the prepayment application.
D) The prepayment amount paid is NOT updated In the Installment tab of invoice.
E) The prepayment amount available for application is reduced.

2. What are the three exceptions in the Payables Period Close Exceptions Report?

A) Unapplied Prepayments
B) Open Intercompany Transactions
C) Unaccounted Invoices
D) Open Interface Import Errors
E) Incomplete Payment Process Request

3. Identify the search method that allows a search across expense items and expense reports using any information captured in the expense item or expense report.

A) Secured Enterprise Search
B) Tag Search
C) Compact Search
D) Contextual Search
E) Advanced Search

4. What are the two parameters for the Payables Trial Balance Report?

A) Legal Entity
B) Party Name
C) Supplier Number
D) Supplier Name
E) Ledger

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

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

Solutions: