Free Oracle 1z1-507 Exam Dumps Questions & Answers

Identify three duty roles that are granted to both the Accounts Payable Supervisor and the Accounts Payable Manager.

• A.  Accounts Payable Period Status Management Duty
• B.  Disbursement Process Management Duty
• C.  Business Intelligence Authoring Duty
• D.  Accounts Payable Period Status Review Duty
• E.  Payables Business Intelligence Management Duty
• F.  Payables Balance Analysis Duty

Where is the Expense Clearing Account and Payment Option set up in Expenses?

• A.  Payables System Options
• B.  Create or Edit Company Account pop-up menu
• C.  Edit Expenses Systems Options
• D.  Business Unit System Options
• E.  Expense Report template

Which two receipts modifications are displayed in the Payables Matched and Modified Receipts Report?

• A.  Product Returned to Supplier
• B.  Quantity received was incorrectly recorded
• C.  Product rejected during Quality Check
• D.  Damage made during Receiving Inspection and Transfer to Stores
• E.  Substitution Products

A company has implemented the Supplier Portal WITHOUT the invoice approval workflow. When a supplier enters an invoice WITHOUT a purchase order match, what is the status of the invoice request?

• A.  In Process
• B.  Complete
• C.  In Progress
• D.  Invalid
• E.  Incomplete

In which two scenarios is the invoice line type Prepayment automatically generated?

• A.  a prepayment created with invoice type as Prepayment
• B.  a manually created invoice line with type as Prepayment
• C.  at the time of validating a Prepayment Invoice
• D.  a prepayment applied to the invoice
• E.  a prepayment is unapplied to the invoice