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Oracle 1Z0-1049-21 guide torrent - Oracle Compensation Cloud 2021 Implementation Essentials

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1Z0-1049-21 guide torrent
  • Exam Code: 1Z0-1049-21
  • Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

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

                                              Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

                                              1. While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr-2014 and
                                              31-May-2014, respectively. However, when a manger logs into the workforce compensation area on
                                              5-Apr-2014, he is able to see the active plan, but in read-only mode.
                                              What could be the possible reason for this? (Choose the best answer.)

                                              A) Active plans are always shown in read-only mode from the Plan Access start date, which is generally prior to the Worksheet update date.
                                              B) Active plans are always shown in read-only mode form the Evaluation period start date, which is always prior to the Worksheet update date.
                                              C) Active plans are always shown in read-only mode until the Worksheet update period starts.
                                              D) Active plans are always shown in read-only mode once it is past the eligibility determination date.


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

                                              A) You need to refresh the HR data for ratings updated in Performance Management so they are updated in the worksheet.
                                              B) 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.
                                              C) You have the option to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
                                              D) You can also display the Performance Rating History column in the worksheet to see historical ratings given in the Performance Management system.
                                              E) You can display overall and calculated performance ratings given in the Performance Management system andprovide access to the full performance document from within the worksheet.


                                              3. You are an implementation consultant, and the client organization wants you to provide a solution for how not to display the welcome message in the total compensation statement.
                                              What will your answer in this situation be? (Choose the best answer.)

                                              A) Edit the "Do not display Welcome message" option in "Compensation Category."
                                              B) Edit the "Do not display Welcome message" option in "Statement Definition."
                                              C) Edit the "Do not display Welcome message" option in "Compensation Item."
                                              D) Changing the welcome message is not possible.


                                              4. A corporation is implementing Oracle Fusion Workforce Compensation and needs toset up compensation history.
                                              Identify the three correct options regarding the various compensations shown in the history. (Choose three.)

                                              A) Compensation history shows one-time payments in other compensation and allowances paid regularly in recruiting payments.
                                              B) Compensation history automatically retrieves salary and stock-related information. The Recruiting payments and other categories have to be added manually.
                                              C) The summary in the compensation history shows the data for only five years.
                                              D) Compensation history displays six categories of compensation.


                                              5. As compensation manager, you are creating a Salary and Bonus earnings compensationitem to define a total compensation statement. Per system requirements, you must select an appropriate source type to show the correct information on the statement.
                                              Select the correct "Source Type". (Choose the best answer.)

                                              A) Salary Basis
                                              B) Formula
                                              C) Payroll Element
                                              D) BenefitBalance


                                              Solutions:

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

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