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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 | - Compensation Plan Concepts - Salary and Compensation Components |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup.
- A. Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.
- B. Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
- C. Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
- D. Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis,
Correct Answer: B,D π³οΈ
As compensation administrator, you are required to show "Actual Amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created?
- A. Compensation Category
- B. Compensation Item
- C. Compensation Statement Definition
- D. Compensation Source
Correct Answer: B π³οΈ
While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this?
- A. Active plans are always shown in read-only mode once it is past the eligibility determination date.
- B. Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.
- C. Active plans are always shown in read-only mode until the Worksheet update period starts.
- D. Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.
Correct Answer: C π³οΈ
A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it.
- A. Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.
- B. The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
- C. Set up access restrictions to the individual compensation plan using the correct HR act/on so that it can be added only to the specific roles.
- D. Set up a salary basis and restrict the eligibility to the required roles.
Correct Answer: B π³οΈ
As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement?
- A. Payroll Balance
- B. Benefit Balance
- C. Input Value
- D. Formula
- E. Element Entry
- F. Deduction Range
Correct Answer: A,B,C,E π³οΈ



