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Oracle 1Z0-1049-21 Exam Syllabus Topics:

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

                                              Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

                                              1. A corporation is implementing Oracle Fusion Workforce Compensation and needs to give a spot bonus for a new hireas well as give the same for special recognition for employees.
                                              Identify the correct option that will enable the organization to achieve the desired results. (Choose the best answer.)

                                              A) Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
                                              B) Configure the spot bonus as an individual compensation plan andadd "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
                                              C) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.
                                              D) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire", this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.


                                              2. Your client's organization is a multi-country organization with headquarters in the US, and managers have direct reports in different countries.
                                              In which three ways canthe compensation currency be displayed? (Choose three.)

                                              A) Only one currency can be displayed
                                              B) The corporate currency
                                              C) Each employee's local currency
                                              D) Preferred currency


                                              3. As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
                                              In this situation, which statement is correct? (Choose the best answer.)

                                              A) You cannot add items to statement definitions directly, and you cannot add items to a compensation category.
                                              B) To include items instatements you must add items to a compensation category.
                                              C) You can add items to statement definitions directly, and to include items in statements you must add items to a compensation category.
                                              D) You can add items to statement definitions directly.


                                              4. How would you control the task of determining if a person is eligible for a compensation plan? (Choose the best answer.)

                                              A) a mix of element eligibility and eligibility profiles
                                              B) with the eligibility profiles, never through element eligibility
                                              C) through element eligibility only, never with eligibility profiles
                                              D) either with eligibility profiles or through element eligibility


                                              5. As an implementation consultant, you have defined a total compensation statement. From a security perspective, you are required to identify a key user who will have access to view the total compensation statement.
                                              Which role is mandatory to view the compensation statement? (Choose the best answer.)

                                              A) Compensation Specialist
                                              B) Compensation Executive
                                              C) Compensation Analyst
                                              D) Compensation Manager


                                              Solutions:

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

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