Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications
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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Elements, Formulas, and Eligibility | 20% | - Describing element classifications and deductions - Managing fast formulas - Creating element eligibility criteria |
| Base Pay Configuration | 20% | - Managing base pay structures - Defining salary basis - Configuring salary components |
| Workforce Compensation | 25% | - Designing compensation plans - Setting up worksheets, approvals, and access - Configuring plan cycles and budgets - Administering compensation changes and models |
| Total Compensation Statements | 15% | - Generating and publishing statements - Defining compensation statements - Managing statement layouts |
| Individual Compensation | 20% | - Managing contributions and approvals - Setting up individual compensation plans - Configuring compensation history |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
While configuring the Budget page, you are setting the properties of the job column.
Which two sections are available in the properties for the job column?
- A. Legal Employee
- B. General
- C. Information
- D. Default Value
Correct Answer: B,C 🗳️
An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process.
- A. Compensation Administrator
- B. HR Specialist
- C. Line Manager
- D. Compensation Manager
Correct Answer: B 🗳️
A compensation manager of a corporation is setting up a new salary basis for the employees. Which statement is true about payroll elements set up for a salary basis?
- A. Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.
- B. Multiple payroll elements can be attached a salary basis.
- C. Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.
- D. Payroll elements of any classification type can be attached to a salary basis.
Correct Answer: D 🗳️
A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup.
- A. Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
- B. Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
- C. Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis,
- D. Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.
Correct Answer: A,C 🗳️
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. Input values
- B. Status processing rules
- C. General information
- D. Auto indirect rules
- E. Retroactive components
- F. Costing
Correct Answer: A,D,F 🗳️
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