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 | Objectives |
|---|---|
| Total Compensation Statements | - Statement Definitions |
| Plan Configuration | - Eligibility and Profiles - Budgeting and Worksheets |
| Compensation Basics | - Salary and Compensation Components - Compensation Plan Concepts |
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The Oracle Fusion HCM: Compensation 2014 Essentials blueprint centers on these main domains:
- Compensation Basics
- Plan Configuration
- Total Compensation Statements
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?
- A. The item cannot be deleted, because it is attached to a category.
- B. The above scenario does not stand true as the item can be deleted.
- C. Before deleting the item, you must configure a zero value behavior for the item.
- D. More than one administrator might be using the item and, therefore, it cannot be deleted.
Correct Answer: D 🗳️
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. Auto indirect rules
- B. General information
- C. Input values
- D. Costing
- E. Status processing rules
- F. Retroactive components
Correct Answer: A,C,D 🗳️
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 >> attach the items to compensation categories >> generate the statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition.
- C. 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.
- D. 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.
Correct Answer: B 🗳️
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. The statement definition acts as a template and determines the layout and content of the generated statement.
- B. Edits to compensation categories affect all statement definitions that use that category.
- C. Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
- D. Compensation items with sources belonging to different legal employers cannot be added.
- E. Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
- F. The statement definition consists of compensation items added to compensation categories.
Correct Answer: C,E,F 🗳️
Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation?
- A. Leave of Absence
- B. Allocation exceeding target
- C. Employee termination
- D. Any custom alert
Correct Answer: C 🗳️
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