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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan with the following details.
-Name: Variable component -Restrict plan access: Yes -Action: Manage Contributions -Access Level: New -Allocations: Always Allow -Update Allocations: Never Allow -Discontinue Allocations: "Allowed during a specific period" with the period start and end dates
configured.
Identify the correct option for the actions possible.

A) The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
B) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
C) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
D) Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.

2. Identify the correct option regarding the Payroll element details in the compensation history setup.

A) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
B) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.
C) Any payroll element can be added and all other details are auto-populated excluding the history category.
D) Any payroll element can be added and all other details are auto-populated including the history category.

3. A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?

A) From the input value of the payroll element
B) From the Legislative Data Group level, because that is the highestlevelin the hierarchy
C) From the organization payment level, because the compensation is finally paid through this
D) From the Bank account level

4. As compensation administrator, you are required to show "Actual Amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created?

A) Compensation Statement Definition
B) Compensation Item
C) Compensation Category
D) Compensation Source

5. As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?

A) Compensation items cannot be used across statement definitions.
B) Compensation items can be added to statement definitions directly.
C) Compensation items are added to a compensation category to include them in statements.
D) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
E) Compensation items are the foundation upon which the Compensation Statement is built.

Solutions: