Online Access Free 1z0-507 Practice Test

A company plans to provide access to certain employees with rights to update the cost center information with the expenses application.
What duty must a user have in order to update cost center information?

• A.Expense Entry Duty
• B.Export Duty
• C.Expense Account Allocation Duty
• D.Expense Audit Duty
• E.Project expense Allocation Duty

A company wants to default the business unit for a user In Oracle Fusion Payables. Identify the setup that meets this requirement.

• A.Payables Options
• B.Common Options for Payables and Procurement
• C.Payables System Setup
• D.Setup and Maintenance
• E.Financial Options

How are prepayments for invoices configured?

• A.Enable the Profile Option for Prepayment in the Manage Payable profile options page.
• B.No additional configuration is required. Users must select the invoice type as prepayment when the invoice is created.
• C.Create the prepayment terms and associate it with the prepayment Invoice.
• D.Enable Allow Prepayments in Define General Payables Options.
• E.No additional configuration is required. Users must select the payment type as prepayment when the payment is created.

A Payment Process Request was submitted. Subsequently, the user realized that there are some errors in the payment file.
The payment process was terminated by terminating the payment file.
Which three statements are true?

• A.The application sets the status of each payment in the payment file to terminated.
• B.The application sets the status of each payment in the payment file to Canceled.
• C.The application sets the status of the payment file to terminated.
• D.The application sets the status of the payment file to Canceled.
• E.The application informs the source product of the terminated documents payable, unlocks the documents, and resets their status so that the documents are available for future selection.

Which three fields appears in the Invoice Summary area when creating an invoice using the spreadsheet options?

• A.Status
• B.Miscellaneous
• C.Difference
• D.Freight
• E.Invoice Number