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Q71. Which section of the Payment Dashboard lists all the processes submitted within the last 72 hours? 

A. Payment Process requests 

B. Stop Payment Requests 

C. Schedule Requests 

D. Process Monitor 

E. Supplier Sites on Payment Hold 

Answer: A 


A: A payment process request is a grouping of installments that are processed for payment. For each request, you can specify selection criteria, payment attributes, and processing options. You can create and submit a payment process request on the Submit Payment Process Request page, or you can create a payment process request template and submit the template for processing 

Q72. In which two scenarios is the invoice line type Prepayment automatically generated? 

A. a prepayment created with invoice type as Prepayment 

B. a prepayment applied to the invoice 

C. a prepayment is unapplied to the invoice 

D. a manually created invoice line with type asPrepayment 

E. at the time of validating a Prepayment Invoice 

Answer: B,C 

Explanation: Invoice line types categorize the lines on an invoice. You can select some invoice line types, such as the Item line type. Other line types, such as the Prepayment line type, are automatically generated. 

This table describes the types of invoice lines. 

Invoice Line Type, Description 

* Prepayment 

Prepayment application or unapplication. Prepayment lines are created automatically. 

* Item 

Details of goods and services. 

* Freight 

Freight charges on an invoice. Freight charges can be allocated to Item lines. 

* Miscellaneous 

Other charges on an invoice, such as installation or service. Miscellaneous charges can be allocated to Item lines. 

* Tax 

Tax lines that are either generated automatically or entered manually. 

Withholding tax 

Withholding tax lines that are either generated automatically or entered manually. 

Reference: Fusion Applications Help, Invoice Line Types: Explained 

Q73. Select three reasons that a prepayment will NOT be available for applying to invoices. 

A. The prepayment validation status is Available. 

B. The prepayment is of the Permanent type. 

C. The prepayment validation status is Needs Revalidation. 

D. The prepayment validation status is Unpaid. 

E. The prepayment is of the Temporary type. 

Answer: B,C,D 

Explanation: A prepayment is a type of invoice you enter to pay an advance payment for to a supplier or employee. 

B( not E): You can enter either a Temporary or a Permanent type prepayment. Temporary prepayments can be applied to invoices or expense reports you receive. 

C, D (not A): If you want to apply a prepayment to one or more invoices or expense reports, you must first approve and pay the prepayment. You control when a prepayment is available by the Settlement Date you enter and by optionally applying a hold to the prepayment. 

When you enter an invoice for a supplier for whom you have outstanding Temporary prepayments, Payables notifies you that you have prepayments available that you can optionally apply. You can also review the Prepayment Status Report to check the status of all prepayments in your system 

Reference. Prepayments 

Q74. Which two actions are performed on the Manage Invoices page when using the Invoice Approval workflow? 

A. initiate approval 

B. stop approval 

C. force approval 

D. cancel approval 

E. restart approval 

Answer: A,B 

Explanation: If you are using the Invoice Approval workflow, you can perform the following actions on the Manage Invoices and Edit Invoices pages to initiate the approval process and handle approval exceptions: 

. Initiate approval 

. Stop approval 

. Hold from approval 

. Force approve 

. Resubmit for approval 

Note: To submit an invoice for approval, select the Initiate approval action. You can select this action when the Approval Status on an invoice is Required. The workflow process starts and routes the invoice to the applicable approver who then approves or rejects the invoice. The Approval Status on the invoice is updated to Initiated. 

Reference: Oracle Fusion Applications Procurement, Payables, Payments, and Cash Guide , Invoice Approval Actions: Points to Consider 

Q75. Identify three features of Expenses regarding expense report approvals. 

A. Enforce Receipts received automatically before approval 

B. Review of Cost Center and Project Allocations 

C. Integration with Fusion Imaging and Process Management 

D. Automatic conversion to User Preferred currency 

E. Spotting of issues, thus facilitating informed decisions using previous expense patterns 

Answer: A,B,D 

Explanation: A: Specifying a Receipt Required Policy 

If your accounts payable department requires a receipt for each expense, then you must specify the following for each expense type that you define in the Create Expense Type page: 

A receipt requirement rule that reflects your company's receipt policy. A receipt can be required for cash only or corporate card and cash. 

An expense amount, above which a receipt is required 

Warning and error tolerance percentages so the application knows when to warn the user, if opted, of a receipt required policy violation or, in the case of an error, actually prevent submission of the expense report 

Warnings are tracked by the application. You can view them in the Expense Items region of the Edit Expense Report page, whereas errors are not tracked because they prevent submission of the expense report. 

B: Approval by Cost Center Owners in Parallel Mode 

The predefined ruleset for approval of expense reports by cost center owners is called CostCenterApprovalStage : CostCenterRuleSet. This ruleset has the following predefined rules: 

If the total amount charged to cost centers other than the employee's default cost center is more than zero, the expense report is sent to the cost center owner for approval. 

If expenses are charged to a cost center other than the employee's default cost center, the applicable cost center owners receive the approval notification in parallel. The approval is complete when all cost center owners identified as approvers have approved the expense report. 

If the cost center of the expenses is the same as the default cost center of the employee, automatic response is generated indicating that there is no cost center-specific approval. 

D: Specifying a Conversion Rate Policy 

You can define conversion rate behavior for each business unit in your company. These definitions enable you to enforce conversion rate policies and to validate the conversion rates that employees enter for foreign currency receipts. If you enter a conversion rate value in an expense report, or override a defaulted value, the value you enter is validated against the current conversion rate definitions. 

You specify the following conversion rate behavior in the Edit Conversation Rates and Policies page: 

Type of conversion rate, whether Corporate, Spot, or User 

Whether you want the conversion rate to default onto a newly created expense report 

Reference: Oracle Fusion Applications Financials Implementation Guide , Define Expense Policies and Rules 

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Q76. Which three options in a Quick Payment do NOT impede the selection of documents? 

A. Payment Terms 

B. Currency 

C. Business Unit 

D. Payment Method 

E. Due Date 

Answer: A,E 

Explanation: Paying Invoices with Quick Payments 

You can create and print a computer generated payment to pay a supplier for one or more invoices. You can also create a check, save it, then print it later. 

If you use the EDI Outbound payment format and you use Oracle EDI Gateway, then you can create electronic Quick payments. 

When you create a quick payment you can select an invoice regardless of the payments terms and due date. For example, you can create a Quick payment for an invoice that is not yet due. 


* Quick Payment: It allows you to make a single payment against one or more invoices at a time to one supplier through payables. It involves 3 steps: -Creating a payment -formatting the payment -printing the payment. So give the bank , Payment method,Payment document and supplier details in the payment screen and select the invoices from Enter/adjust invoices push button. After doing this process go to actions and format and then print it. This is all done through payables. 

* Manual Payment: This is the process of entering the check details which has been paid manually in some emergency requirements into the payment form and selecting the invoices of the concerned supplier and check whether the total of the invoices and the paid amount at the header are same and save. In this there will be no formatting and printing process through payables. 

Reference: Paying Invoices with Quick Payments 

Q77. Identify three tax types calculated and displayed in the totals area of the invoice page. 

A. Inclusive Tax 

B. Recoverable Tax 

C. Non Recoverabletax 

D. Withheld Tax 

E. Self Assessed Tax 

Answer: B,C,E 

Explanation: B, C: Inclusive Tax: Shown in the Included Tax Amount column for the line. The line amount is the total of the item amount and the inclusive tax amount. The inclusive tax amount is provided for reference only. Recoverable and Non Recoverable inclusive taxes are shown in distributions under a non-tax line. To view the inclusive tax amounts as separate lines, use the Tax Lines Summary window or the Distributions window. 

E: Invoice Header Tax Amounts 

* Total Tax: Total of inclusive and exclusive tax due to the supplier. 

* Self-Assessed Tax: Total of self-assessed tax. Self assessed tax amounts are taxes that you are liable for, but that do not appear on the invoice. Self-assessed taxes are also known as reverse charge or use taxes in certain tax regimes. You can view self-assessed tax amounts in the Self Assessed Tax Amount field in the Invoice Header. 

Reference; Oracle Payments, User's Guide, R12, Taxes on Invoices 

Q78. What is the validation status of an invoice after it is loaded using the Launch Import Invoice program? 

A. Validated 

B. Never validated 

C. Needs revalidation 

D. Not required 

E. Revalidated 

Answer: A 



* Payables Invoice Import Program 

The Payables process that you submit to import invoice information from interface tables into the appropriate AP tables, thereby creating invoices from the imported invoice information. You can use Payables Invoice Import to create invoices from Payables, Oracle Projects, and Oracle Web Employees expense reports or from invoice information from another accounting system. 

*Status. Status of an invoice. 

Validated. The Invoice Validation program has tested and validated the invoice and it is available for payment and accounting. 

Available. Temporary prepayment that has an amount available to be applied to an invoice. 

Cancelled. You have cancelled the invoice. 

Fully Applied. Temporary prepayment that has been fully applied to one or more invoices. 

Needs Revalidation. Validation has tested the invoice and has applied one or more holds to the invoice. Before you can pay the invoice, you must manually release the holds or resolve the problems causing the holds, then resubmit Validation. 

Never Validated. Validation has never tested the invoice. 

Permanent. Permanent prepayment that has been fully paid. 

Unpaid. Prepayment that is not yet paid. 

Unvalidated Prepayment. Prepayment has not been validated. 

Selected for Payment. Invoice is selected for payment. 

Q79. An invoice is created, paid, and is accounted for. Two adjustments are made to the invoice and validated with the same accounting date. 

Which statement is correct? 

A. A Payment Adjustment Event is created for both adjustments. 

B. Only one Payment Adjustment Event is created because the first Payment Adjustment Event has NOT been accounted. 

C. The Payment Adjustment Event created in the first instance will be overwritten by the second. 

D. A Payment Adjustment Event is created in the second instance even though the first event had NOT been accounted. 

E. A Payment Adjustment EventisNOT created in both the cases. 

Answer: A 


Note: Payment Adjustment Event A payment adjustment event occurs when you change the invoices recorded on a Manual payment. For the newly selected invoices, the accounting entries for this event relieve the liability accounts in the amount of the payment. For the originally paid invoices, the entries reverse the invoice liability that the payment had relieved. Payables also reverses any gains or losses for the originally paid invoices, and records any gains or losses for the newly selected invoices. 

Payables creates accounting entries for this event only if the Account for Payment When Payment is Issued option is enabled in the Payables Options window. For payments the accounting date for this event is the payment date. If the payment date is in a closed period, then the GL Date is the first day of the next open period 

Q80. Which three tabs are available on a Single Payment Request? 

A. Payment Details 

B. Additional Information 

C. Processing Options 

D. Accounting 

E. Advanced 

Answer: A,B,C 

Explanation: The figure below shows the six subtabs of the Payment Process Requests tab that are visible when you create a single payment request.