Free Oracle 1z0-507 Practice Test & Real Exam Questions
What is the required parameter for the Payables to General Ledger Reconciliation Report?
Correct Answer: E
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A user, while entering an invoice for an asset for capitalization, has entered the GL Distribution charge Account.
Identify the asset related account to which this invoice should match in order for it to be automatically converted into an asset in Fusion Assets.
Identify the asset related account to which this invoice should match in order for it to be automatically converted into an asset in Fusion Assets.
Correct Answer: A
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What are the three sections in the Payables Key Indicators Report?
Correct Answer: B,D,E
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Where is the Expense Clearing Account and Payment Option set up in Expenses?
Correct Answer: B
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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?
Correct Answer: B
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What are the three modes available to enter expense reports?
Correct Answer: A,C,D
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An invoice for $1,000 and a credit memo for $1,100 are due for payment.
Which two outcomes will result if the Apply Credits up to Zero Amount Payment option is enabled in the Payment and Processing options of the Payment Process Request?
Which two outcomes will result if the Apply Credits up to Zero Amount Payment option is enabled in the Payment and Processing options of the Payment Process Request?
Correct Answer: C,D
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Identify two points to be considered when setting up the Accounts Payable to General Ledger Reconciliation.
Correct Answer: A,D
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A company has different payment terms for different suppliers. Payment terms with some suppliers also include discounts.
Which report needs to be executed to identify the maximum discounts possible by the earliest payment to the suppliers or where they should have taken a discount but did not?
Which report needs to be executed to identify the maximum discounts possible by the earliest payment to the suppliers or where they should have taken a discount but did not?
Correct Answer: E
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