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Oracle 1z0-1049-22 Exam Syllabus Topics:

TopicDetailsTopic 1

Manage compensation change statements
Workforce Compensation Plans and Batch Processes

Topic 2

Implement compensation processes
Elements, Balances, and Formulas
Describe salary components

Topic 3

Explain individual compensation plans
Generate total compensation statements

Topic 4

Set up compensation categories
Configure Compensation Zones
Configure compensation history

Topic 5

Explain compensation plan design choices
Manage and administer compensation plans

Topic 6

Configure individual compensation
Configure performance ratings
Earnings and Deduction Elements

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Oracle Compensation Cloud 2022 Implementation Professional Sample Questions (Q21-Q26):

NEW QUESTION # 21
Which four statements are true if you enable Performance Ratings and integrate with Oracle Fusion Performance Management? (Choose four.)

A. You can also display the Performance Rating History column in the worksheet to see historical ratings given in the Performance Management system.
B. You need to refresh the HR data for ratings updated in Performance Management so they are updated in the worksheet.
C. You select the performance template or document name and the period to make available, and whether to display only completed ratings or ratings in any status.
D. You have the option to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
E. You can display overall and calculated performance ratings given in the Performance Management system and provide access to the full performance document from within the worksheet.

Answer: B,C,D,E

NEW QUESTION # 22
A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up the following for all employees:
Salary paid based on the grades of employees.
Car allowance paid based on the department and position.
Spot bonus paid based on a committee's decision.
Identify the correct option for the setup. (Choose the best answer.)

A. Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.
B. Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan. Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
C. Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.
D. Set up on individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.

Answer: B

NEW QUESTION # 23
As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.
Select the correct sequence to construct a total compensation statement. (Choose the best answer.)

A. Create compensation items > generate a statement > specify the statement period and display options > arrange categories hierarchically in the statement definition > attach items to compensation categories.
B. Create compensation items > attach the items to compensation categories > generate the statement > specify the statement period and display options > arrange categories hierarchically in the statement definition.
C. Create compensation items > specify the statement period and display options > arrange categories hierarchically in the statement definition > attach items to compensation categories > generate the statement.
D. Create compensation items > attach the items to compensation categories > arrange categories hierarchically in the statement definition > specify the statement period and display options > generate the statement.

Answer: D

NEW QUESTION # 24
During the Compensation Review cycle for the year 2014-15, the manager processes his direct reports compensation changes per the model created by him. After making the changes in the worksheet, the manager submits the proposed changes to the next level manager in the hierarchy for approval. What will the Manager status appear as in the workforce compensation area? (Choose the best answer.)

A. Work in Progress
B. Fully Approved
C. Submitted
D. Processed
E. In Approvals

Answer: C

NEW QUESTION # 25
A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up Calculation Factors for the deduction elements setup.
Which two statements are correct regarding the Calculation Factors? (Choose two.)

A. Calculation Factors indicate which deduction range to use when calculating the deduction amount.
B. The Manage Deduction Group Rates task in the Payroll Calculation work area is used to view the calculation factors defined.
C. Calculation Factors define which classifications of earnings to consider when calculating the basis for the deduction element.
D. The Manage Deduction Ranges task in the Payroll Calculation work area is used to view the calculation factors defined.

Answer: A,D

NEW QUESTION # 26
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