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Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Workforce Compensation Processing- Compensation Cycle Management
  • 1. Refresh and Publish Data
    • 2. Batch Processes
      • 3. Plan Validation
        • 4. Transfer Data to HR
          Workforce Compensation Plans- Plan Configuration
          • 1. Worksheet Configuration
            • 2. Budget Setup
              • 3. Plan Access
                • 4. Column and Component Design
                  Individual Compensation- Awards and Compensation Management
                  • 1. Individual Compensation Plans
                    • 2. Spot Bonuses
                      • 3. Compensation History
                        Compensation Analytics and Reporting- Audit and Monitoring
                        - Compensation Analytics
                        - Workforce Compensation Reports
                        Compensation Foundation- Compensation Components Setup
                        • 1. Eligibility Profiles
                          • 2. Compensation Objects
                            • 3. Compensation Categories
                              Base Pay- Salary Administration
                              • 1. Salary Components
                                • 2. Compensation Zones
                                  • 3. Manage Base Pay
                                    • 4. Grade Rates
                                      • 5. Salary Basis
                                        Total Compensation Statements- Statement Configuration
                                        • 1. Display Components
                                          • 2. Generate Statements
                                            • 3. Statement Definitions
                                              Elements, Balances, and Formulas- Define Elements
                                              - Manage Balances
                                              - Write Fast Formulas

                                              Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

                                              1. A corporation is implementing Oracle Fusion Workforce Compensation and must set up salary bases.
                                              Employees are assigned different grades within the organization and the salaries are dependent on the grades.
                                              What is the correct way to set up the salary bases? (Choose the best answer.)

                                              A) Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.
                                              B) Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached toonly one salary basis. The frequency of both salary basis and grade rate need not match.
                                              C) Set up different salarybases for different grades with the same payroll element. The frequency of both salary basis and grade rate need not match.
                                              D) Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.


                                              2. Your client has a requirement where work-at-home assignments are not eligible for an employee compensation revision cycle. To facilitate capturing work-at-home assignment, you have created a custom column and associated a List of Values (LOV) with values "Yes" and "No". Now you wish to create an eligibility profile around this. Which is the correct option? (Choose the best answer.)

                                              A) User-defined-criteria-based eligibility profile on "Work-at-home" and value = "Yes" with exclude option deselected
                                              B) Derived-factor-based eligibility profile based on the "Work-at-home" column
                                              C) User-defined-criteria-based eligibility profile on "Work-at-home" and value = "Yes" with exclude option selected
                                              D) User-defined-criteria-based eligibility profile on "Work-at-home" and value = "No" with exclude option selected


                                              3. A corporation has implemented Oracle Fusion Workforce Compensation. The consultant must now create an element eligibility link for an Earnings element.
                                              While creating the element eligibility link, whichthree options can be set up in the element eligibility work area? (Choose three.)

                                              A) general information
                                              B) status processing rules
                                              C) auto indirect rules
                                              D) input values
                                              E) costing
                                              F) retroactive components


                                              4. Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track workexperience of people? (Choose the best answer.)

                                              A) Employment-based eligibility criteria suing hire date
                                              B) Employment-based-eligibility-criteria using length of service
                                              C) User-defined-criteria-based eligibility profile using hire date
                                              D) Derived -factor-based eligibility criteria using length of service


                                              5. A corporation implemented Fusion Compensation and must run a compensation cycle. The corporation has seven different active components in the salary basis. Salaries of all the employees must be updated in bulk mode.
                                              Which statement is true about the bulkupdate using Integrated Workbook? (Choose the best answer.)

                                              A) Integrated Workbook can be used to update all the seven components.
                                              B) Only the first six active components will be loaded at a time by Integrated Workbook.
                                              C) Only the first five active components will be loaded at a time by Integrated Workbook.
                                              D) Only the first four active components will be loaded at a time by Integrated Workbook.


                                              Solutions:

                                              Question # 1
                                              Answer: D
                                              Question # 2
                                              Answer: C
                                              Question # 3
                                              Answer: C,D,E
                                              Question # 4
                                              Answer: B
                                              Question # 5
                                              Answer: C

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