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Exam Code: 1z1-507
Exam Name: Oracle Fusion Financials 11g Accounts Payable Essentials
Updated: Sep 05, 2026
Q & A: 119 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Payments Processing | 20% | - Single payments and batch payments - Payment formats and bank integration - Stop and void payments - Create and manage payment process requests |
| Invoice Processing | 25% | - Enter and validate invoices - iSupplier Portal invoice entry - Prepayments and credit memos - Invoice matching and holds resolution |
| Payables Setup and Configuration | 20% | - Configure Payables system options - Configure tax and accounting rules - Define payment terms and payment methods - Set up supplier and supplier sites |
| Expense Reports Management | 10% | - Audit and process expense reports - Enter and submit expense reports - Expense report approval workflow |
| Accounting, Period Close and Reporting | 15% | - Transfer to General Ledger - Run Payables reports and analytics - Create accounting entries - Manage accounting periods |
| Overview of Oracle Fusion Payables | 10% | - Payables concepts and architecture - Payables dashboard and work areas |
What are the two parameters for the Payables Trial Balance Report?
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Select three correct statements regarding a supplier submitting invoices online through the Supplier portal.
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An employee traveled to a different city on a business trip. During the course of travel, the employee used the corporate card provided by his company for both business and personal expenses.
Upon his return, the employee created an expense report. The company is processing the expense report as Both Pay Corporate Card Transactions.
What will the result be?
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What are the two types of Holds available?
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Identify two points to be considered when setting up the Accounts Payable to General Ledger Reconciliation.
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