Course 2025 1Z0-1050-24 Test Prep Training Practice Exam Download
1Z0-1050-24 Exam Info and Free Practice Test Professional Quiz Study Materials
NEW QUESTION # 10
Which statement accurately describes how you create a tax reporting unit (TRU)?
- A. If you identify a legal entity as a payroll statutory unit, you will have the option to identify the payroll statutory unit as a tax reporting unit.
- B. You can identify a legal entity as a tax reporting unit.
- C. When you identify a legal entity as a payroll statutory unit, the application transfers the legal reporting units that are associated with that legal entity to HCM as tax reporting units.
- D. When you identify a legal entity as a legal employer, the application transfers the legal reporting units that are associated with that legal employer to HCM as tax reporting units.
Answer: C
NEW QUESTION # 11
If you create an overtime element with a category of "Timecard", on which input will the overtime hours be held?
- A. Overtime hours will be captured in the "Hours Worked" input value.
- B. Overtime hours will be captured in the "Hours" input value.
- C. An element with "Timecard" category does not create any input values.
- D. Overtime hours will be captured in the "Hours Calculated" input value.
Answer: B
NEW QUESTION # 12
You have a requirement to verify the costing results of a person in a particular payroll run.
In which three ways do you verify the costing results of a single person? (Choose three.)
- A. You can run the Payroll Costing Report for a single person.
- B. You can view the costing results from Statement of Earnings -> View Costing Results.
- C. You cannot view the costing results of a single person.
- D. You can use the OTBI - Payroll Run Costing Real Time subject area.
Answer: A,B,D
NEW QUESTION # 13
In order to load balance initialization data, you may load batch headers and batch lines into HCM Cloud using which two named methods? (Choose two.)
- A. Using the Payroll Batch Loader spreadsheet to manually enter batch data
- B. Using WebCenter Content to load the batch data by importing a text file and running the Load Batch from File process
- C. Using the Create New Balances for Employees task in Functional Setup Manager
- D. Using the HCM Data Loader to create batch data
Answer: A,D
NEW QUESTION # 14
Where do you define a custom schedule to be used during payroll flow submission?
Response:
- A. Within Manage Fast Formula, create a formula that defines the required schedule.
- B. Within Manage Flow Patterns, create a custom schedule and associate it with the flow pattern.
- C. Within Manage Run Types, create a schedule of the category "Normal".
- D. Within Manage Time Definitions, create a schedule using the type "Time Span".
Answer: A
NEW QUESTION # 15
You are implementing retropay. You have created a retroactive event group to tract the changes that need to be considered by the retropay process.
To which feature should the retroactive event group be associated?
- A. Work relationship records
- B. Payroll relationship records
- C. Element
- D. Payroll definition
Answer: C
NEW QUESTION # 16
How can you delete a payroll flow pattern that has not been previously submitted?
- A. From Manage Payroll Flow Patterns task, search for your flow and select Delete" from the actions menu.
- B. You cannot delete flow patterns.
- C. Change the status of the flow pattern to be "Inactive" in Manage Flow Patterns. Then select "Delete" from the actions menu.
- D. Ensure all tasks are deleted and then from Manage Payroll Flow Patterns task, search for your flow and select "Delete" from the actions menu.
Answer: A
NEW QUESTION # 17
You are testing the retropay process and enter a retrospective bonus entry for a worker. The bonus is calculated based on a percentage of the worker's salary. When you review the results of the retropay process you identify the bonus has not been included.
Identify two reasons why this is happening. (Choose two.)
- A. Element entry changes are not included in the retroactive event group.
- B. Retropay has not been enabled on the salary element.
- C. Retropay has not been enabled on the bonus element.
- D. Bonus element changes are not included in the retroactive event group.
Answer: A,C
NEW QUESTION # 18
You have a requirement to stop the new entries from being created for an element and to continue the existing entries. How do you achieve this?
Response:
- A. Change the effective date to the required date and select the "Closed for entry" check box.
- B. You cannot achieve this requirement because you need to continue the existing element entries.
- C. End date the element definition.
- D. Delete the element definition and re-create it with a different effective date.
Answer: A
NEW QUESTION # 19
You were trying to attach the lookup that you created to an input value in order to restrict the values for that input value, but the lookup field is not enabled.
What is the reason for the lookup field not being enabled?
- A. The unit of measure for the input value should be Character.
- B. This is a bug in the application.
- C. The unit of measure for the input value should be Number.
- D. The unit of measure for the input value should be Date.
Answer: A
NEW QUESTION # 20
Which two seed job roles have access to the Setup and Maintenance work area and can access all payroll setup tasks?
- A. Resubmit, Force Resubmit, and Skip
- B. Skip, Retry, and Submit
- C. Resubmit, Rollback, and Skip
- D. Mark for Retry
Answer: B
NEW QUESTION # 21
Where would a payroll flow task retrieve its parameter information when selecting "Bind to Flow Task Parameter"?
- A. Derives the value from the output of the previous task
- B. Derives the value from the context of the current flow instance
- C. Derives the value from a SQL Bind
- D. Derives a specific value to the parameter as entered by the user
Answer: A
NEW QUESTION # 22
Your customer is using HCM cloud Absences. Where is the absence information passed from absences to payroll held in the application?
- A. Value definitions
- B. Absence information is not passed from cloud absences to cloud payroll.
- C. Input values
- D. User-defined tables.
Answer: C
NEW QUESTION # 23
Which delivered report can be used to verify the details of all payments made to third-parties?
- A. Third-Party Invoice Listing
- B. Third-Party Payment Register
- C. Payment Register Report
- D. Payroll Activity Report
Answer: B
NEW QUESTION # 24
Which costing levels can you enter for an offset account?
- A. Position
- B. Job
- C. Department
- D. Element Eligibility
Answer: D
NEW QUESTION # 25
Your company wants to pay its employees from company bank account A and their third parties from company bank account B.
What is the recommended approach for this?
- A. Create two personal payment methods for each of your employees: one for their salary payments and one for their third-party payments.
- B. Create one organization payment method with two payment sources and configure the usage for each payment source within the payment method rules table.
- C. Ensure you run the prepayments process separately for your employees and your third parties.
- D. Write a formula to select the correct bank account for employees and third parties.
Answer: B
NEW QUESTION # 26
Which two statements regarding the relationship between legal entities, legal employers, and payroll statutory units (PSU) are correct? (Choose two.)
- A. Legal employers are legal entities responsible for paying workers.
- B. PSUs are legal entities responsible for payroll tax and social insurance reporting.
- C. A legal employer can be associated with multiple PSUs.
- D. A legal entity cannot be both a legal employee and a PSU.
Answer: A,B
NEW QUESTION # 27
You notice that the Cost Center segment, which is defined using Manage Department Costing, has not been populated for an element in the costing results.
What are two reasons for this?
- A. The costing type on the element is defined as "Fixed Costed".
- B. Element is at Payroll relationship level and the costing type is defined as "Costed".
- C. The costing type is defined as Distributed for the element.
- D. There is no costing option defined for the element.
Answer: C,D
NEW QUESTION # 28
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