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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Individual Compensation | 20% | - Setting up individual compensation plans - Configuring compensation history - Managing contributions and approvals |
| Topic 2: Elements, Formulas, and Eligibility | 20% | - Creating element eligibility criteria - Managing fast formulas - Describing element classifications and deductions |
| Topic 3: Total Compensation Statements | 15% | - Generating and publishing statements - Defining compensation statements - Managing statement layouts |
| Topic 4: Workforce Compensation | 25% | - Designing compensation plans - Configuring plan cycles and budgets - Setting up worksheets, approvals, and access - Administering compensation changes and models |
| Topic 5: Base Pay Configuration | 20% | - Managing base pay structures - Defining salary basis - Configuring salary components |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?
- A. Person Attributes
- B. Compensation History
- C. Legislative Information
- D. AssignmentTables
A corporation has implemented Oracle Fusion Compensation Management. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue.
- A. No components are defined to handle these salary adjustments.
- B. Automatic entry is checked at the element eligibility link for the payroll element used.
- C. Automatic entry is checked for the payroll element used.
- D. Salary basis is configured to be non-updatable.
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 selected cannot allow multiple entries in the same period.
- B. An element with the Automatic Entry option selected can allow multiple entries in the same period.
- C. An element with the Automatic Entry option not selected cannot 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.
The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?
- A. Integrate with Oracle Fusion Goal Management.
- B. Integrate with Oracle Fusion Performance Management.
- C. Use compensation performance ratings.
- D. Integrate with Oracle Fusion Profile Management.
- E. Use both Performance Management ratings and compensation ratings.
A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan with the following details.
-Name: Variable component -Restrict plan access: Yes -Action: Manage Contributions -Access Level: New -Allocations: Always Allow -Update Allocations: Never Allow -Discontinue Allocations: "Allowed during a specific period" with the period start and end dates
configured.
Identify the correct option for the actions possible.
- A. The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
- B. The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
- C. All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
- D. Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
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