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Oracle 1Z0-1049-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Setup and Configuration | - Basic Compensation Configuration - Enterprise Structures and Security Setup |
| Implementation and Maintenance | - Deployment Considerations - System Maintenance and Updates |
| Compensation Plans and Cycles | - Cycle Setup and Administration - Plan Design and Eligibility Rules |
| Worksheet Management | - Worksheet Configuration and Fields - Manager and Employee Interaction |
| Compensation Cloud Overview | - Key Features and Business Use Cases - Core Concepts of Workforce Compensation |
| Budgeting and Workforce Compensation | - Manager Budget Distribution - Budget Allocation Methods |
| Approvals and Security | - Role-Based Access Control - Approval Workflow Configuration |
| Reporting and Analytics | - Dashboards and Metrics - Standard Compensation Reports |
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
Question 1
Which two statements are true about Base Pay? (Choose two.)
A. You attach elements at various levels in the Salary object hierarchy to create deductions and earnings that can be processed in a payroll run to calculate Base Pay.
B. For BasePay earnings elements, eligibility is determined by the deduction basis that is assigned to the worker.
C. You attach a single earnings element to each salary basis to hold Base Pay earnings, and assign a salary basis to each worker to calculate Base Pay.
D. For Base Pay earnings elements, eligibility is determined by the salary basis that is assigned to the worker.
E. You enter a salary basis for each worker that becomes the worker's Base Pay earnings.
Question 2
As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for Salary, Merit Increase, and so on. Identify one set of values that Compensation Items can hold. (Choose the best answer.)
A. Monetary, Nonmonetary, Timestamp, Text
B. Monetary, Nonmonetary, Date,Boolean
C. Monetary, Timestamp, Boolean
D. Monetary, Nonmonetary, Date, Text
Question 3
Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y.
On10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1 October
2014. The employee record set up in the plan setting is "Employment terms," while the Legal Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear? (Choose the best answer.)
A. Manager Y, because this is the original manager of Employee X.
B. Manager Z, because this is the current manager to whom Employee X is reporting.
C. Employee X does not appear on any manager's sheet, because he will not be evaluated by thecompensation plan.
D. Both Manager Y and Manager Z, because he has worked under both of them during the current cycle.
Question 4
How can youuse an earnings element to manage the calculation and payment of absences? (Choose the best answer.)
A. Define the earnings element as nonrecurring for the absence element because payroll runs do not process nonrecurring elements in the Information or Absence classifications.
B. Define a skip rule for the earnings element that triggers processing when it finds an entry for a non-absence element because payroll runs process elements in the Information or Absence classifications.
C. Define a skip rule for the earnings element that triggers processing when it finds an entry for the absence element because payroll runs do not process elements in the Information or Absence classifications.
D. Ensure that the input to the salary database item formula from the earnings element processes the absence element as Absence classification because payroll runs do not process elements in the Information or Absence classifications.
Question 5
If you enable Performance Ratings and rate workers within WorkforceCompensation, which two statements are true? (Choose two.)
A. Managers can rate workers as they allocate compensation.
B. These ratings are used across compensation plan and cycles.
C. You can display compensation ratings given in the previous plan cycle as a column in the worksheet.
D. The ratings are transferred to the Performance Management system or toHR.
Solutions:
| Question 1 Answer: C,D | Question 2 Answer: A | Question 3 Answer: C | Question 4 Answer: C | Question 5 Answer: A,C |




