Exam Name: Oracle Compensation Cloud 2019 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Global Human Resources Cloud
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Thorough beats frantic. The Oracle Compensation Cloud 2019 Implementation Essentials training material from TestKingFree combines 180 practice questions, the latest exam information, and customer service that answers.
Oracle 1Z0-1049 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Workforce Compensation | 20% | - Configure worksheets, budgets and models - Set up access, ratings and approvals - Design compensation plans and cycles |
| Elements, Balances, and Formulas | 15% | - Configure fast formulas - Define elements and eligibility - Manage balances and formula usage |
| Total Compensation Statements | 15% | - Generate and manage statements - Define statement structure and categories - Configure compensation items |
| Workforce Compensation Plans and Batch Processes | 10% | - Administer plan lifecycle - Execute batch processes and transfers - Validate and test compensation plans |
| Base Pay | 20% | - Configure progression grade ladders - Manage salary range differentials - Explain salary basis and components - Set up grade rates and salary ranges |
| Individual Compensation | 20% | - Set up approvals and variable allocations - Configure individual compensation plans - Manage compensation history and contributions |
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The Oracle Compensation Cloud 2019 Implementation Essentials blueprint spans 6 domains — including Total Compensation Statements (15%), Individual Compensation (20%), Workforce Compensation (20%). The weightings are your study map: allocate hours where the points are. Every subtopic appears in the outline above.
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The Oracle Compensation Cloud 2019 Implementation Essentials is Oracle's certification exam for Oracle Compensation Cloud 2019 Certified Implementation Specialist, at the Specialist level. Passing it demonstrates proficiency with specific technologies — a credential employers from small business to enterprise recognize. Related credentials include Oracle Fusion Cloud HCM Implementation Specialist.
Oracle Compensation Cloud 2019 Implementation Essentials Sample Questions:
Your customer's Workforce Compensation Plan for Annual Salary Review is set up with the following dates in the Plan Cycle:
* Evaluation Period Start Date: 1-Jan-2014
* Evaluation Period End Date: 31-Dec-2014
* Worksheet Update Period Start Date: 1-Jan-2014
* Worksheet Update Period End Date: 31-Dec-2014
* HR Data Extraction: 31-Dec-2014
* Eligibility Determination Date: 31-Dec-2014
There is a worker with a termination date of 30-Oct-2014. When the Transfer Data to HR process is run, it fails for this worker. What should you do to successfully add the lump sum award element entries and salary adjustments? (Choose the best answer.)
- A. The salary adjustment or lumpsum effective date must be later that the worker's payroll last standard process date.
- B. The salary adjustment or lumpsum must be manually calculated and added for such workers.
- C. Terminated workers should be excluded from being processed in Workforce Compensation plans.
- D. The salary adjustment or lumpsum effective date must be earlier than or equal to the worker's termination date.
- E. The worker termination date should be changed to reflect the same date as the HR Data Extraction date.
Correct Answer: D 🗳️
Your customer's compensation manager needs to know, what are the four valid statuses of the compensation worksheet? (Choose four.)
- A. Submitted
- B. Budget Available
- C. Partially approved
- D. Fully Approved
- E. Closed
- F. Unprocessed
- G. Processed
- H. Started
Correct Answer: A,B,D,G 🗳️
Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)
- A. Compensation amounts Selection
- B. Compensation Currency Selection
- C. Compensation Item Selection
- D. Compensation Organization Selection
- E. Compensation Person Selection
Correct Answer: A,C 🗳️
Your customer has standard working hours = 40 hours per week. An employee has the following salary basis setup:
* Working hours = 32 hours per week
* Base pay = 20 USD per hour
What will be the employee's Annual Salary and Annualized full-time salary? (Choose the best answer.)
- A. Annual Salary = 41600, Annualization Salary = 41600
- B. Annual Salary = 32280, Annualization Salary = 52000
- C. Annual Salary = 32280, Annualization Salary = 41600
- D. Annual Salary = 52000, Annualization Salary = 41600
Correct Answer: A 🗳️
A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up the Deductions options.
If Deduction cards are supported at multiple levels, which task in the Setup and Maintenance Work area is used to create deduction card overrides at the Payroll Statutory Unit level? (Choose the best answer.)
- A. Manage Personal Deductions
- B. Manage Legal Entity Deduction Records
- C. Manage Payroll Deductions
- D. Manage Legal Reporting Unit Deduction Records
Correct Answer: D 🗳️
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