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Why do I need to take Oracle 1Z0-1050-20 Certification Exam?

Nowadays, many organizations are facing challenges in their payroll operation as there are some limitations in implementing the current payroll operation. These limitations are due to the lack of skills, experience, and know-how of the payroll teams that are required to implement this procedure. 1Z0-1050-20 exam dumps will give you a competitive edge over your competitors and make you an expert on Oracle Payroll Cloud. The implementation of Oracle Payroll Cloud provides organizations with the ability to automate the entire payroll operation effectively. By using Oracle Payroll Cloud Functional Setup Manager, an organization can be able to automate the entire procedure from payroll generation to payroll sending.

This certification exam allows individuals to understand the latest technology and gain the skills to implement Oracle Payroll Cloud 2020 in an easy and simple way. It is designed to allow the candidate to demonstrate the knowledge required to set up Oracle Payroll Cloud using Workforce Deployment tasks offered in the functional setup manager. Element entry business tasks, data conversion, synchronization, and other similar tasks will be covered in this exam. The frequency of questions will be discussed in the next sections of this article. Allocation of exam time will be addressed in the section below.

Reference: https://education.oracle.com/oracle-payroll-cloud-2020-implementation-essentials/pexam_1Z0-1050-20

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Oracle 1z0-1050-20 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Payments and Costing18%- Payment Processing
  • 1. Payment Methods
  • 2. Check and EFT Processing
  • 3. Prepayments
- Payroll Costing
  • 1. Transfer to General Ledger
  • 2. Cost Allocation
  • 3. Costing Results
Topic 2: Payroll Calculation24%- Payroll Processing
  • 1. Payroll Flow Patterns
  • 2. Retroactive Processing
  • 3. Payroll Runs
- Fast Formulas
  • 1. Calculation Rules
  • 2. Formula Types
  • 3. Validation Logic
Topic 3: Elements and Eligibility22%- Eligibility Processing
  • 1. Element Eligibility
  • 2. Entry Rules
  • 3. Indirect Results
- Element Configuration
  • 1. Element Classifications
  • 2. Input Values
  • 3. Element Definitions
Topic 4: Payroll Setup18%- Payroll Definitions
  • 1. Payroll Relationships
  • 2. Consolidation Groups
  • 3. Payroll Calendars
- Enterprise and Legislative Configuration
  • 1. Legislative Data Groups
  • 2. Payroll Statutory Units
  • 3. Legal Employers
Topic 5: Balance Management and Reporting18%- Balances
  • 1. Balance Initialization
  • 2. Balance Adjustments
  • 3. Balance Dimensions
- Reporting and Analysis
  • 1. Statement of Earnings
  • 2. Payroll Reports
  • 3. OTBI Payroll Analytics

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