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 | Objectives |
|---|---|
| Compensation Workflows and Approvals | - Workflow Configuration - Approval Rules |
| Reporting and Analysis | - Analytics in Fusion HCM Compensation - Compensation Reporting |
| Compensation Setup and Configuration | - Manage Compensation Plans - Salary Basis and Grades - Eligibility Profiles |
| Salary and Bonus Management | - Salary Administration - Bonus and Incentive Plans |
| Compensation Foundations in Oracle Fusion HCM | - Role of Compensation in HCM Cloud - Overview of Compensation Structures |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.
Select the correct sequence to construct a total compensation statement.
- A. Create compensation items >> attach the items to compensation categories >> arrange categories hierarchically in the statement definition >> specify the statement period and display options >> generate the statement.
- B. Create compensation items >> generate a statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories.
- C. Create compensation items >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories >> generate the statement.
- D. Create compensation items >> attach the items to compensation categories >> generate the statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition.
Correct Answer: D 🗳️
What happens when you define Workforce Compensation Plan components but the employee to whom the compensation change is being administered does not have ant component in this or her salary?
- A. The first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record.
- B. The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.
- C. The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that plan components must have a direct mapping with the employee's salary components.
Correct Answer: A 🗳️
When upper-level managers change the plan access of one or more lower-/eve/ managers, they receive a notification informing them about the change in access. Which option do the/ receive to act on the notification?
- A. Reply
- B. Dismiss
- C. Reject
- D. Accept
Correct Answer: A 🗳️
Identify the three correct statements for an alternate approver hierarchy.
- A. You can create multiple approvers for the same manager.
- B. By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.
- C. The alternate approver must be a part of the regular plan hierarchy.
- D. The highest Approval sequence is the final approver.
Correct Answer: A,B,D 🗳️
As an implementation consultant, you are defining entry values for an element in the Fusion application.
Which statement about selecting the rules for the element's entry value is true?
- A. An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
- B. An element with the Automatic Entry option selected cannot allow multiple entries in the same period.
- C. An element with the Automatic Entry option selected can allow multiple entries in the same period.
- D. An element with the Automatic Entry option selected can allow multiple entries in the same period, and an element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
Correct Answer: A 🗳️
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