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Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Compensation Foundation- Compensation Components Setup
  • 1. Compensation Categories
  • 2. Compensation Objects
  • 3. Eligibility Profiles
Compensation Statements- Statement Configuration
  • 1. Display Components
  • 2. Generate Compensation Statements
  • 3. Statement Definitions
Compensation Analytics and Reporting- Reporting and Analysis
  • 1. Audit and Monitoring
  • 2. Compensation Analytics
  • 3. Workforce Compensation Reports
Individual Compensation- Awards and Compensation Management
  • 1. Awards and Spot Bonuses
  • 2. Individual Compensation Plans
  • 3. Compensation History
Workforce Compensation Plans- Plan Configuration
  • 1. Column and Component Design
  • 2. Budget Setup
  • 3. Plan Access
  • 4. Worksheet Configuration
Workforce Compensation Processing- Compensation Cycle Management
  • 1. Compensation Processes
  • 2. Batch Processes
  • 3. Plan Validation
  • 4. Refresh and Publish Data
Base Pay- Salary Administration
  • 1. Salary Components
  • 2. Grade Rates
  • 3. Compensation Zones
  • 4. Salary Basis
  • 5. Manage Base Pay

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A corporation has implemented Oracle Fusion Workforce Compensation. Per business requirements, the Fusion consultant must integrate Oracle Fusion Workforce Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amountas one of the input values for the Benefit element to get the eligible salary of an employee for the compensation process.
Identify the option that will enable fetching of the Benefits Amount value. (Choose the best answer.)

A) Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.
B) Database items are created by default for the element input values.
C) Select "Pay Separately" as the "Special Purpose" option.
D) Create an "Amount" input value at the element eligibility link level.


2. What are two attributes of primary element classifications? (Choose two.)

A) They are editable.
B) They are globally applicable.
C) They arepredefined.
D) They are user defined.
E) They are not editable.


3. A corporation is implementing Oracle Fusion Workforce Compensation and the new salary basis is being created.
For an hourly paid employee, which option is true regarding the Annualization factor in the salary basis?
(Choose the best answer.)

A) For all hourly paid employees, a new salary basis needs to be created and associated that uses a frequency of "Hourly," and the Annualization factor will be the number of hours in a work year.
B) Whether the employee is paid hourly or not, the Annualization factor is the multiplication factor used to convert base pay at the selected frequency to an annualized amount. So any frequency can be used and the corresponding Annualization factor can be determined.
C) The Annualization factor used in salary basis is only for display purpose. The amount that is paid to the worker is always determined by the pay period on the payroll linked to worker's assignment.
D) The Annualization factor used in a salary basis is only for display purpose. The amount that is paid to the worker is always determined by the sum ofall the components of the salary basis multiplied by 12.


4. Which four options are valid refresh options for the Refresh Data process? (Choose four.)

A) Refresh HR Data
B) Refresh Base and Eligible Salary
C) Refresh Manager Hierarchy
D) Reevaluate Eligibility
E) Refresh summary totals
F) Refresh Plan Currency
G) Refresh Plan Access


5. A corporation implemented Fusion Compensation and must run a compensation cycle. The corporation has seven different active components in the salary basis. Salaries of all the employees must be updated in bulk mode.
Which statement is true about the bulkupdate using Integrated Workbook? (Choose the best answer.)

A) Integrated Workbook can be used to update all the seven components.
B) Only the first six active components will be loaded at a time by Integrated Workbook.
C) Only the first five active components will be loaded at a time by Integrated Workbook.
D) Only the first four active components will be loaded at a time by Integrated Workbook.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: D,E
Question # 3
Answer: D
Question # 4
Answer: A,C,D,E
Question # 5
Answer: C

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