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Oracle 1z0-1062-21 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Incentive Compensation Cloud 2021 Implementation Essentials |
| Exam Number: | 1Z0-1062-21 |
| Available Languages: | English |
| Related Certifications: | Oracle Incentive Compensation Cloud 2022 Implementation Essentials Oracle Incentive Compensation Cloud 2020 Implementation Essentials |
| Real Exam Qty: | 76 |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite testing centre |
| Pre Condition: | Recommended experience with Oracle HCM Cloud and understanding of incentive compensation concepts. |
Oracle 1z0-1062-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Transaction Processing and Reporting | - Reporting, dashboards, and analytics - Transaction classification and calculation |
| Administering the Incentive Compensation System | - Classification and crediting setup - Participant and role management |
| Understanding Oracle Incentive Compensation Cloud | - Exam objectives and exam focus areas - Core implementation tasks and functional setup topics |
| Configuring Incentive Compensation Plans | - Performance measures and plan components - Creation and management of compensation plans |
The 1z0-1062-21 Exam and Our Services, Question by Question
These are the core domains of the Oracle Incentive Compensation Cloud 2021 Implementation Essentials blueprint:
- Configuring Incentive Compensation Plans
- Understanding Oracle Incentive Compensation Cloud
- Administering the Incentive Compensation System
The remaining domains appear in the full official outline, all of which our bank addresses.
Oracle sets the following prerequisites for the Oracle Incentive Compensation Cloud 2021 Implementation Essentials: Recommended experience with Oracle HCM Cloud and understanding of incentive compensation concepts..
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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
Which three are reports you can customize few Mobile Commissions?
- A. Analytics: Details of the recent analysis of the sales participant
- B. Payments: Payment transactions and related details of the sales participant
- C. Credits: Credits and related details of the sales participant
- D. Reimbursements:Reimbursements and related details of the sale*, ii.ntic ip.int
- E. Disputes: Details of the recent disputes raised by the sales participant
Correct Answer: B,C,E 🗳️
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Which two statements are true for individualized compensation plan values?
- A. A participant can personalize the compensation plan view if the Individualize option is selected.
- B. Individualized compensation plan values can reduce the number of plans that you actually have to create and manage.
- C. Individualized compensation plan values summarize transactions during the Calculation phase.
- D. Individualized ratevalues for a participant take precedence over original compensation plan rate values.
- E. A participant's manager can personalize the compensation plan view if the Individualize option is selected.
Correct Answer: C,D 🗳️
The incentive compensation application set the paymentbatchstatus to 'Paid' for a particular period and the payments have to be adjusted for a Which is the correct way to do this?
- A. No adjustment can be done for that period.
- B. Payment batches can be edited and reprocessed.
- C. Pay sheets can be adjustedaccordingly.
- D. Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.
Correct Answer: C 🗳️
Will the earnings for participants be calculated once their Active End Date has elapsed?
- A. Earnings will not be calculated if their Active End Date has elapsed.
- B. Earnings will be calculated foe participants as long as they remainassigned to a compensation plan.
- C. Earnings will be calculatedlotparticipants as long as they exist m the fusion Incentive Compensation system.
- D. Earnings will not be calculated if their Compensation End date has elapsed.
Correct Answer: C 🗳️
Performance Measures can be addedto expressions in the expression builder. Which structures are supported?
- A. Input of performance measure Interval-to-date can be used in the formula expression of a plan component.
- B. The output of five performance measures can be combined in the formula expression of a plan component.
- C. Output of performance measure on one plan component can be used asInput to rate table on another performance measure on a different plan component.
- D. The goalof one performance measure can be used in the formulaexpression of a different performance measure.
- E. A, B, and C
- F. A and D
Correct Answer: E 🗳️
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