Oracle 1Z0-1049-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Compensation Foundation | - Compensation Components Setup
|
| Individual Compensation | - Awards and Compensation Management
|
| Total Compensation Statements | - Statement Configuration
|
| Compensation Analytics and Reporting | - Workforce Compensation Reports - Compensation Analytics - Audit and Monitoring |
| Workforce Compensation Processing | - Compensation Cycle Management
|
| Base Pay | - Salary Administration
|
| Elements, Balances, and Formulas | - Manage Balances - Define Elements - Write Fast Formulas |
| Workforce Compensation Plans | - Plan Configuration
|
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
Question 1
A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.
Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage? (Choose the best answer.)
A. Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager
3 will decrease to 8%.
B. Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
C. Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager
2 will decrease to 8%.
D. No impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
Question 2
Which four tasks are part of Worksheet Configuration Options? (Choose four.)
A. Alerts
B. Performance ratings
C. Models
D. Plan cycles
E. Components
F. Compensation change statements
Question 3
Yourcustomer's company spans multiple countries. It follows a global salary increase process in the month of May and awards bonuses twice a year in the month of June and December for workers who are employed in various countries. As an implementation consultant, you must define Statement Periods for the Compensation Statement. Which three options will you consider? (Choose three.)
A. the conversion rate date for currency conversions
B. the date that statements become available toworkers
C. an optional welcome message
D. the date when merit increases are awarded to workers
E. the date when bonus is awarded to workers
Question 4
Your customer wants line managers to be able to access the active workforce compensation plan during the first three months of the Plan period, but not to update it. The evaluation period start and end dates for the plan areJanuary 1 to December 31 of the year.
How should you set this up? (Choose the best answer.)
A. Configure Plan access start and end dates from January 1 to December31 of the year.
B. Configure Worksheet update period start and end dates from January 1 to December 31 of the year.
C. Configure Worksheet update period start and end dates from January 1 to March 31 of the year and Plan access start and end dates from April 1 to December 31 of the year.
D. Configure Plan access start and end dates from January 1 to March 31 of the year and Worksheet update period start and end dates from April 1 to December 31 ofthe year.
Question 5
Which item is false regarding plan access? (Choose the best answer.)
A. A compensation administrator's general access can be overridden using roles.
B. Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
C. A compensation administrator's general access cannot be overridden.
D. Compensation administrators have access to all plan configuration tasks for all plans.
Solutions:
| Question 1 Answer: A | Question 2 Answer: A,B,E,F | Question 3 Answer: B,C,E | Question 4 Answer: D | Question 5 Answer: C |
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