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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compensation Basics | - Salary and Compensation Components - Compensation Plan Concepts |
| Topic 2: Plan Configuration | - Eligibility and Profiles - Budgeting and Worksheets |
| Topic 3: Total Compensation Statements | - Statement Definitions |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
Identify the correct option regarding the Payroll element details in the compensation history setup.
- A. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
- B. Any payroll element can be added and all other details are auto-populated including the history category.
- C. Any payroll element can be added and all other details are auto-populated excluding the history category.
- D. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.
Correct Answer: A 🗳️
As an implementation consultant, you are defining entry values for an element in the Fusion application.
Which statement about selecting the rules for the element's entry value is true?
- A. An element with the Automatic Entry option selected can allow multiple entries in the same period, and an element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
- B. An element with the Automatic Entry option selected cannot allow multiple entries in the same period.
- C. An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
- D. An element with the Automatic Entry option selected can allow multiple entries in the same period.
Correct Answer: C 🗳️
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 🗳️
Performance Ratings is enabled in compensation plan. Which three statements are correct regarding performance ratings?
- A. If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
- B. You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
- C. You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
- D. You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.
Correct Answer: A,B,C 🗳️
Which two methods can be used by the Compensation Administrator to publish budgets?
- A. Copy budget amounts from a previous cycle.
- B. Publish budgets manually.
- C. Publish budgets automatically by running the Build Model process.
- D. Use a model to distribute budgets.
Correct Answer: A,D 🗳️
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