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Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Setup and Configuration- Security Configuration
  • 1. Roles and privileges
    • 2. Access control setup
      - Application Setup
      • 1. Initial configuration and prerequisites
        • 2. System parameters and preferences
          Topic 2: Incentive Calculation and Processing- Calculation Engine
          • 1. Run cycles and processing logic
            • 2. Error handling and adjustments
              Topic 3: Reporting and Administration- Reports and Analytics
              • 1. Standard reports usage
                • 2. Performance tracking
                  - System Administration
                  • 1. Data loading and maintenance
                    • 2. Monitoring and troubleshooting
                      Topic 4: Compensation Plans and Rules- Plan Design
                      • 1. Commission structure definition
                        • 2. Quota and target setup
                          - Credit and Allocation Rules
                          • 1. Credit rules configuration
                            • 2. Territory and assignment rules
                              Topic 5: Incentive Compensation Cloud Overview- Core Concepts of Incentive Compensation
                              • 1. Purpose and business use cases
                                • 2. Key terminology and components

                                  Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

                                  Which twocurrenciesmustyoudefinewhen creatingcompensation business units?

                                  • A. Functional
                                  • B. Processing
                                  • C. Operating
                                  • D. Participant Home
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B,C  🗳️

                                  Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).

                                  A profile option is set at Site and User levels. Which one takes precedence?

                                  • A. Global
                                  • B. Product
                                  • C. Site
                                  • D. user
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).

                                  Which statement is true about classification rules and credit categories?

                                  • A. You can associate classification rule to credit category via performance measure.
                                  • B. You can associatemultiple credit categories to a classification rule.
                                  • C. You can define the split credit percentage at classification rule UI.
                                  • D. You can associate only one credit category to a classification rule.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

                                  The Implementation team is trying to determine how many business units (BUs) are needed.Whichconsideration requires the creation of multiple BUs?

                                  • A. The running of processes, the management of participant assignments, and the administrative access to data must beseparated by principal lines of business.
                                  • B. different General Ledger account structures
                                  • C. different currencies for payment of participants
                                  • D. Operating currency is different to the currency in which calculations are performed.
                                  • E. The HCM application has four separate BUs, so we must adopt them fc* Incentive Compensation.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: E  🗳️

                                  A participant is transferred to another business unit.
                                  Identify the configuration changes required to calculate and pay compensation to the participant in the new business unit.

                                  • A. Assign the participant to a new role and resource group.
                                  • B. Create a new HR employee record forthis participant as transfer across business unit is not supported by the application.
                                  • C. Assign the participant to the global business unit and global role,
                                  • D. Enter an End Date for the participant record in the current business unit, import participant into the new business unit, and assign appropriate Comp Plan and Paygroup.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

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