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Oracle 1Z0-1049-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compensation Cloud Overview | - Key Features and Business Use Cases - Core Concepts of Workforce Compensation |
| Topic 2: Compensation Plans and Cycles | - Plan Design and Eligibility Rules - Cycle Setup and Administration |
| Topic 3: Worksheet Management | - Manager and Employee Interaction - Worksheet Configuration and Fields |
| Topic 4: Reporting and Analytics | - Standard Compensation Reports - Dashboards and Metrics |
| Topic 5: Implementation and Maintenance | - Deployment Considerations - System Maintenance and Updates |
| Topic 6: Budgeting and Workforce Compensation | - Manager Budget Distribution - Budget Allocation Methods |
| Topic 7: Approvals and Security | - Approval Workflow Configuration - Role-Based Access Control |
| Topic 8: Setup and Configuration | - Basic Compensation Configuration - Enterprise Structures and Security Setup |
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
1. As an implementation consultant, you are defining entry values for an element in the Fusion application.
Which statement is true about selecting the rules for the element's entry value? (Choose the best answer.)
A) An element with the Automatic Entry option selected can allow multiple entries in the same period, and an element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
B) An element with the Automatic Entry option selected can allow multiple entries in the same period.
C) An element with the Automatic Entry option selected cannot allow multiple entries in the same period.
D) An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
2. After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation.
The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this? (Choose the best answer.)
A) Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original from, if needed.
B) Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
C) Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
D) Use the Edit button in the Employee's included area while creating a model to exclude the employee.
3. As a Fusion implementation consultant, you are configuring Fusion HCM Compensation Management module for a manufacturing client. Which three statements are correct in relation to compensation statement display options? (Choose three.)
A) You cannot exclude a category from the statement summary at the category setup level.
B) You can configure display of zero values.
C) You cannot include and hide the welcome message at the statement definition setuplevel.
D) You can hide or show the estimated amount indicator at the category setup level.
E) You can hide table columns.
F) You cannot hide regions for graphs or descriptions at the statement definition setup level.
4. Your customer has standard working hours = 40 hours per week. An employee has the following salary basis setup:
* Working hours = 32 hours per week
* Base pay = 20 USD per hour
What will be the employee's Annual Salary and Annualized full-time salary? (Choose the bestanswer.)
A) Annual Salary = 32280, Annualization Salary = 52000
B) Annual Salary = 52000, Annualization Salary = 41600
C) Annual Salary = 32280, Annualization Salary = 41600
D) Annual Salary = 41600, Annualization Salary = 41600
5. Which item is false regarding plan access? (Choose the best answer.)
A) Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
B) A compensation administrator's general access cannot be overridden.
C) A compensation administrator's general access can be overridden using roles.
D) Compensation administrators have access to all plan configuration tasks for all plans.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B,D,F | Question # 4 Answer: D | Question # 5 Answer: B |






