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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compensation Basics | - Compensation Plan Concepts - Salary and Compensation Components |
| Topic 2: Total Compensation Statements | - Statement Definitions |
| Topic 3: Plan Configuration | - Eligibility and Profiles - Budgeting and Worksheets |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions?
- A. Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
- B. Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
- C. The statement definition acts as a template and determines the layout and content of the generated statement.
- D. Edits to compensation categories affect all statement definitions that use that category.
- E. Compensation items with sources belonging to different legal employers cannot be added.
- F. The statement definition consists of compensation items added to compensation categories.
Correct Answer: A,B,F 🗳️
A corporation is implementing Oracle Fusion Compensation Management and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases?
- A. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
- B. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.
- C. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.
- D. Set up different salary bases for different grades with the same payroll element. The frequency
of both salary basis and grade rate need not match.
Correct Answer: D 🗳️
What are the two correct options with respect to budgeting when the salary has multiple components?
- A. Multiple components can have a single budget.
- B. Budgets cannot be separate for each component.
- C. Multiple components cannot have a single budget.
- D. Budgets can be separate for each component.
Correct Answer: B,C 🗳️
A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items.
How will you configure this requirement in the Fusion application?
- A. Attach performance bonuses to similar compensation items.
- B. Attach performance bonuses to similar compensation categories/subcategories.
- C. Attach performance bonuses to similar sources.
- D. Attach performance bonuses to similar elements.
Correct Answer: D 🗳️
While administering compensation for the workforce, Manager X accidentally approves a lower manager's. Which three statements will be true in this case?
- A. The worksheet goes to next level for approval.
- B. The lower-level manager can still make changes in the worksheet and resubmit it for approval.
- C. The lower-level manager can withdraw the submission and reprocess the compensation allocation.
- D. The lower-level manager's access level is changed to "Approved."
Correct Answer: B,C,D 🗳️
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