- Exam Code: 1z1-495
- Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
- Certification Provider: Oracle
- Corresponding Certification:Oracle Applications
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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Total Compensation Statements | 15% | - Generating and publishing statements - Defining compensation statements - Managing statement layouts |
| Individual Compensation | 20% | - Setting up individual compensation plans - Managing contributions and approvals - Configuring compensation history |
| Workforce Compensation | 25% | - Configuring plan cycles and budgets - Designing compensation plans - Setting up worksheets, approvals, and access - Administering compensation changes and models |
| Base Pay Configuration | 20% | - Managing base pay structures - Defining salary basis - Configuring salary components |
| Elements, Formulas, and Eligibility | 20% | - Describing element classifications and deductions - Managing fast formulas - Creating element eligibility criteria |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?
- A. Feedback survey
- B. Sending Compensation alerts
- C. Plan access
- D. Approval routing
- E. Allocating budgets
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?
- A. Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
- B. Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.
- C. No Impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
- D. Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager 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?
- A. Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.
- B. Active plans are always shown in read-only mode once it is past the eligibility determination date.
- C. Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.
- D. Active plans are always shown in read-only mode until the Worksheet update period starts.
As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement?
- A. Input Value
- B. Payroll Balance
- C. Formula
- D. Element Entry
- E. Benefit Balance
- F. Deduction Range
A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant must create an element eligibility link for an Earnings element.
While creating the element eligibility link, which three options can be set up in the element eligibility work area?
- A. Costing
- B. General information
- C. Status processing rules
- D. Auto indirect rules
- E. Input values
- F. Retroactive components
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