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Oracle 1Z0-507 Exam Sample Questions

Question: 3

Which two receipts modifications are displayed in the Payables Matched and Modified Receipts Report?

  1. Quantity received was incorrectly recorded
  2. Product rejected during Quality Check
  3. Damage made during Receiving Inspection and Transfer to Stores
  4. Product Returned to Supplier
  5. Substitution Products


Answer: A, C

Explanation:

Matched and Modified Receipts Report After you automatically create invoice distributions by matching an invoice for goods to a receipt, that receipt can be modified in Oracle Purchasing. For example, you might need to adjust a receipt because the quantity received was incorrectly recorded (A), or the product was defective and returned to the supplier (C). Use this report to identify receipts that have been changed after invoice matching, and for which no users have seen modifications.

Reference: Oracle Payables User’s Guide, Matched and Modified Receipts Report

Question: 2

Identify two duty roles that are granted to a Tax Administrator.

  1. French DAS2 Reporting Duty
  2. Financial Application Lookups Administration Duty
  3. Internal Contact Relationship Information Inquiry Duty
  4. Classification Administration Duty
  5. Customer Account Addresses Inquiry Duty


Answer: A, B

Explanation:

A: French DAS2 Reporting Duty

Manages French DAS2 reporting to organize income tax report data according to the requirements of the tax authority.

B: Financial Application Lookups Administration Duty

Administration of user extensible lookup codes for financials

Reference: Oracle Fusion Applications Financials Security Reference Manual

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Question: 2

Identify two duty roles that are granted to a Tax Administrator.

  1. French DAS2 Reporting Duty
  2. Financial Application Lookups Administration Duty
  3. Internal Contact Relationship Information Inquiry Duty
  4. Classification Administration Duty
  5. Customer Account Addresses Inquiry Duty


Answer: A, B

Explanation:

A: French DAS2 Reporting Duty

Manages French DAS2 reporting to organize income tax report data according to the requirements of the tax authority.

B: Financial Application Lookups Administration Duty

Administration of user extensible lookup codes for financials

Reference: Oracle Fusion Applications Financials Security Reference Manual

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Question: 3

Which two receipts modifications are displayed in the Payables Matched and Modified Receipts Report?

  1. Quantity received was incorrectly recorded
  2. Product rejected during Quality Check
  3. Damage made during Receiving Inspection and Transfer to Stores
  4. Product Returned to Supplier
  5. Substitution Products


Answer: A, C

Explanation:

Matched and Modified Receipts Report After you automatically create invoice distributions by matching an invoice for goods to a receipt, that receipt can be modified in Oracle Purchasing. For example, you might need to adjust a receipt because the quantity received was incorrectly recorded (A), or the product was defective and returned to the supplier (C). Use this report to identify receipts that have been changed after invoice matching, and for which no users have seen modifications.

Reference: Oracle Payables User’s Guide, Matched and Modified Receipts Report

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Question: 3

Which two receipts modifications are displayed in the Payables Matched and Modified Receipts Report?

  1. Quantity received was incorrectly recorded
  2. Product rejected during Quality Check
  3. Damage made during Receiving Inspection and Transfer to Stores
  4. Product Returned to Supplier
  5. Substitution Products


Answer: A, C

Explanation:

Matched and Modified Receipts Report After you automatically create invoice distributions by matching an invoice for goods to a receipt, that receipt can be modified in Oracle Purchasing. For example, you might need to adjust a receipt because the quantity received was incorrectly recorded (A), or the product was defective and returned to the supplier (C). Use this report to identify receipts that have been changed after invoice matching, and for which no users have seen modifications.

Reference: Oracle Payables User’s Guide, Matched and Modified Receipts Report

Question: 2

Identify two duty roles that are granted to a Tax Administrator.

  1. French DAS2 Reporting Duty
  2. Financial Application Lookups Administration Duty
  3. Internal Contact Relationship Information Inquiry Duty
  4. Classification Administration Duty
  5. Customer Account Addresses Inquiry Duty


Answer: A, B

Explanation:

A: French DAS2 Reporting Duty

Manages French DAS2 reporting to organize income tax report data according to the requirements of the tax authority.

B: Financial Application Lookups Administration Duty

Administration of user extensible lookup codes for financials

Reference: Oracle Fusion Applications Financials Security Reference Manual

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