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Oracle 1Z0-1049-21 Exam Syllabus Topics:

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

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question #1

Which statement is trueregarding elements? (Choose the best answer.)

  • A. Elements have one primary classification, possibly multiple secondary classifications, and possibly multiple subclassifications.
  • B. Elements have possibly multiple primary classifications, one secondary classification, and one subclassification.
  • C. Elements have possibly multiple primary classifications, possible multiple secondary classifications, and possibly multiple subclassifications.
  • D. Elements have one primary classification, one secondary classification, and one subclassification.
  • E. Elements have one primary classification, one secondary classification, and possibly multiple subclassifications.
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

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Question #2

When upper-level managers change the plan access ofone or more lower-level managers, they receive a notification informing them about the change in access. Which option do they receive to act on the notification? (Choose the best answer.)

  • A. Dismiss
  • B. Reply
  • C. Accept
  • D. Reject
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

A corporation implemented Oracle Fusion Core HR on a three-tier model with Multiple Employment Terms with Multiple Assignments as the employment model. An employee of the corporation has multiple assignments and multiple employment terms on different payroll frequencies.
What kind of salary basis must be associated with the employee? (Choose the best answer.)

  • A. A different salary basis associated with each assignment or employment term.
  • B. One salary basis for each assignment and one of them can be used for the employment terms
  • C. One salary basis for each employment terms and one of them can be used for assignment
  • D. One salary basis for allassignments and employment terms
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #4

An organization provides compensation such as salary and bonus earnings for its workers. It also tracks commissions and company-paid taxes for them.
Which two statementsare true when configuring the items? (Choose two.)

  • A. Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
  • B. Formula will require you to specify the Legislative Data Group as the Additional Data Entry.
  • C. Element Entry will require you to specify the Legislative Data Group as the Additional Data Entry.
  • D. Benefit Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

Question #5

Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)

  • A. Compensation Item Selection
  • B. Compensation Organization Selection
  • C. Compensation amounts Selection
  • D. Compensation Person Selection
  • E. Compensation CurrencySelection
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

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