1z1-507 by Oracle Actual Free Exam Questions And Answers

Question 1

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 Payment and Create Withholding Invoice at Payment

C. Apply Withholding Tax at Payment and Create Withholding Invoice at Invoice Validation

D. Apply Withholding Tax at Invoice Validation and Create Withholding Invoice at Invoice Validation

E. Apply Withholding Tax at Invoice Validation and Never Create Withholding Invoice

Discussion 0

Correct Answer: D Vote an answer

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Question 2

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

A. Create or Edit Company Account pop-up menu

B. Business Unit System Options

C. Expense Report template

D. Edit Expenses Systems Options

E. Payables System Options

Discussion 0

Correct Answer: E Vote an answer

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Question 3

An employee submits an expense report, but before it is processed the employee is terminated. At which level is the option Processing Days Allowed After Termination configured?

A. Business unit

B. Project attributes

C. Define expenses configuration

D. Employee

E. Expense template and type set up

Discussion 0

Correct Answer: D Vote an answer

Question 4

What invoice approval status is required to apply the invoice approval action Hold from Approval?

A. Resubmit for Approval

B. Initiated

C. Rejected

D. Required

E. Held from Approval

Discussion 0

Correct Answer: D Vote an answer

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Question 5

An installment meets all the selection criteria of a payment process request but still did NOT get selected for payment.
Identify two reasons for this.

A. The installment was manually removed.

B. The invoice needs revalidation.

C. The pay-through date is in the closed period.

D. The invoice has NOT been accounted.

E. The pay-through date is in the future period.

Discussion 0

Correct Answer: B,C Vote an answer

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Question 6

Which three activities are performed in the Corporate Cards Work Area?

A. managing usage policies

B. managing historical transactions

C. managing corporate card issuers

D. creating payment requests

E. managing corporate card programs

F. managing outstanding transactions

Discussion 0

Correct Answer: D,E,F Vote an answer

Question 7

Which are three key features of Expense Report Entry?

A. contextual search and expense tracking for easy retrieval

B. scheduled processes to create card issuer and employee payment requests

C. approval of expense reports through Oracle Fusion Approvals Management

D. consolidated Information-Driven Work Area

E. association of receipt image for expedited processing

Discussion 0

Correct Answer: C,D,E Vote an answer

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Question 8

The Payment Process Request section of the Accounts Payables dashboard has a tab called Recently Completed. This tab displays all the payment process requests completed in the last_________.

A. 21 days

B. 30 days

C. 15 days

D. 10 days

E. 7 days

Discussion 0

Correct Answer: E Vote an answer

Oracle Fusion Financials 11g Accounts Payable Essentials - 1z1-507 Exam Practice Test

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