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Oracle 1Z0-1049-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Reporting and Analytics | - Dashboards and Metrics - Standard Compensation Reports |
| Approvals and Security | - Role-Based Access Control - Approval Workflow Configuration |
| Implementation and Maintenance | - Deployment Considerations - System Maintenance and Updates |
| Budgeting and Workforce Compensation | - Budget Allocation Methods - Manager Budget Distribution |
| Compensation Plans and Cycles | - Cycle Setup and Administration - Plan Design and Eligibility Rules |
| Worksheet Management | - Worksheet Configuration and Fields - Manager and Employee Interaction |
| Compensation Cloud Overview | - Core Concepts of Workforce Compensation - Key Features and Business Use Cases |
| Setup and Configuration | - Enterprise Structures and Security Setup - Basic Compensation Configuration |
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
A corporation has implemented Oracle Fusion Workforce Compensation. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying toupdate the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue. (Choose two.)
- A. Automatic entry is checkedat the element eligibility link for the payroll element used.
- B. Salary basis is configured to be non-updatable.
- C. No components are defined to handle these salary adjustments.
- D. Automatic entry is checked for the payroll element used.
Correct Answer: B,D 🗳️
You have created a total compensation statement. However, you are not able to see one of the categories in the summary section on the left pane. What is the reason for this? (Choose the best answer.)
- A. The category does not have employer contribution.
- B. The category has been added as a subcategory.
- C. The category does not have employee contribution.
- D. The category does not have a graph defined in it.
Correct Answer: B 🗳️
You canuse predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available? (Choose four.)
- A. Worker is on long-term leave
- B. Grade changed in HR
- C. Job changedin HR
- D. Worker was terminated
- E. Allocation outside target range
- F. Salary changed in HR
Correct Answer: B,D,E,F 🗳️
Identify three correct statements about changes in an employee's compensation when the employee's FTE value changes in employment. (Choose three.)
- A. If the salary record has the end date before the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
- B. If the salary start date is after the current date (that is, it is a future-dated salary record), theFTE value is fetched as of the salary start date and Annual Salary and Annual FT Salary are calculated by using that value.
- C. If the salary record has the end date after the current date, FTE is fetched as of the salary end date and Annual Salary andAnnual FT Salary are calculated by using that value.
- D. If the salary record end date is the same as the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
- E. If the salary record end date is 31-DEC-4712 (that is, the date is "blank" in the salary UI), the FTE value is fetched as of the current system date and Annual Salary and Annual FT Salary are calculated by using that value.
Correct Answer: E 🗳️
A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up Calculation Factors for the deduction elements setup.
Which two statements are correct regardingthe Calculation Factors? (Choose two.)
- A. The Manage Deduction Group Rates task in the Payroll Calculation work area is used to view the calculation factors defined.
- B. Calculation Factors indicate which deduction range to use when calculating the deduction amount.
- C. Calculation Factors define which classifications of earnings to consider when calculating the basis for the deduction element.
- D. The Manage Deduction Ranges task in the Payroll Calculation work area is used to view the calculation factors defined.
Correct Answer: B,D 🗳️
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