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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. 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.

2. You help the Oracle Incentive Compensation administrator select the coned currency options for a business unit where all the transactions are performed in USD. Althoughsome of the workforce is based in the UK and Canada, the company pays the workforce in USD.
How do you set up currencies?

A) Select Operating Currency as USD andselect Processing Currency as Participant's Home Currency.
B) Select Operating Currency as USD and select Processing Currency as Operating Currency.
C) Select Processing Currency as USD only. Operating Currency is not mandatory.
D) Select Operating Currency as USD and Processing Currency as USD.

3. The estimated Compensation module_________

A) both B and C
B) allows sales persons to test what-if scenarios on deals they are working on, taking into account their current achievement levels
C) uses Opportunitiesin Sales Cloud to calculate what earnings would be if they became orders
D) both B and D
E) updates tables so that sales managers can view reports in OTBI on pipeline and forecasted compensation
F) works in runtime mode and can be invoked via a web service from third-party applications

4. An Incentive Compensation administrator has set up the 'Point Rewards' as earning type. However, the Sales team has not received the cash compensation during the payout processing.
Which statement istrue to identify the root cause of the error?

A) The administrator must select the 'Convert into monetary earning' check box while defining the non-monetary earning type 'Point Rewards'. This allows IC to calculate incentive into cash compensation.
B) The administrator has not associated the participants with the plan components where earning type is
'Point Rewards'.
C) The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.
D) The 'Point Rewards' is a non monetary earning type and the Oracle FUSION IC cannot calculate the rash compensation because the earning type is a non-monetary earning type.
E) The administrator must have defined'Point Rewards' as a monetary earning type.

5. Your client wants a research assistant role that has read-only access to all pages accessible to the Compensation Analyst and to assigned participants.
How can this beaccomplished?

A) Create a new role and add read privileges.
B) Create a new role template.
C) Copy the Analyst Role and delete all privileges in the provisioning template other than Read.
D) Copy the Participant role and add Analyst Duty Roles.

Solutions: