Online Access Free 1z0-507 Exam Questions

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

• A.The prepayment validation status is Unpaid.
• B.The prepayment validation status is Available.
• C.The prepayment is of the Temporary type.
• D.The prepayment validation status is Needs Revalidation.
• E.The prepayment is of the Permanent type.

What are the three benefits derived by a Payables Manager when implementing Oracle fusion Payables?

• A.Streamlining accounting policy changes
• B.Simplified and expeditious reporting
• C.Fulfilling of demands for local compliance
• D.Improvement in processing speed and manageability
• E.Streamlining reconciliation to the general lodger

A supplier is using a payment term where the total amount is due on the 10th day of the month; two months ahead with cut off day of 20. The invoice date terms for this specific Supplier.
The supplier has raised an invoice for goods received on April 18 with invoice date of April 24. The invoice was received on April 28. Determine the due date of the invoice.

• A.24-Jul
• B.24-Jun
• C.10-May
• D.10-Jul
• E.10-Jun

During its first month end close, a company has an Invoice with a Hold status dated 15-Jan-2012.
Its accounting practice permits the transfer of unaccounted transactions from one period to another. What will happen if it runs the Payables Unaccounted transactions Sweep program?

• A.The accounting date of the invoice will change to the same day of the new period specified.
• B.The accounting date- of the Invoice will change to the first day of next period.
• C.The accounting date of the invoice will change to the first day of the new period specified.
• D.The accounting date of the invoice will NOT change but the user can close the existing period
• E.The accounting date of the Invoice will change to the same day of next period.

Identify three statuses that appear in the Processed Tab in the Expense Report region.

• A.Saved
• B.Pending Your Resolution
• C.Rejected
• D.Partially paid
• E.Paid
• F.Ready for Payment