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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Objectives |
| Reporting and Analysis | - Analytics in Fusion HCM Compensation
- Compensation Reporting
|
| Compensation Workflows and Approvals | - Approval Rules
- Workflow Configuration
|
| Salary and Bonus Management | - Bonus and Incentive Plans
- Salary Administration
|
| Compensation Foundations in Oracle Fusion HCM | - Overview of Compensation Structures
- Role of Compensation in HCM Cloud
|
| Compensation Setup and Configuration | - Eligibility Profiles
- Manage Compensation Plans
- Salary Basis and Grades
|
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
Question 1
You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available?
A. Job changed in HR
B. Worker is on long-term leave
C. Worker was terminated
D. Allocation outside target range
E. Salary changed in HR
F. Grade changed in HR
Question 2
Identify the three choices when configuring approvals.
A. Submit mode
B. Auto approval
C. Alternative approve hierarchy
D. Approve mode
Question 3
Which item regarding plan access is not true?
A. Compensation administrators have access to all plan configuration tasks for all plans.
B. A compensation administrator's general access can be overridden using roles.
C. A compensation administrator's general access cannot be overridden.
D. Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
Question 4
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 >> generate a statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories.
B. 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.
C. 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.
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.
Question 5
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 sum of all components identified to be posted as single salary adjustment amount to the employee salary record.
B. 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.
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.
Solutions:
Question 1 Answer: B,C,D,F | Question 2 Answer: A,B,D | Question 3 Answer: C | Question 4 Answer: D | Question 5 Answer: B |