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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: Total Compensation Statements | - Statement Definitions |
| Topic 3: Plan Configuration | - Eligibility and Profiles - Budgeting and Worksheets |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?
- A. Display the corporate currency
- B. Use fast formula to display the employee currency using conversion rates
- C. Set the preferred currency in the worksheet
- D. Enable currency switching
Correct Answer: D 🗳️
A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history.
Identify the three correct options regarding the various compensations shown in the history.
- A. Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
- B. The summary in the compensation history shows the data for only five years.
- C. Compensation history displays six categories of compensation.
- D. Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
Correct Answer: B,C,D 🗳️
You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?
- A. Plan access
- B. Sending Compensation alerts
- C. Feedback survey
- D. Allocating budgets
- E. Approval routing
Correct Answer: C,E 🗳️
A corporation implemented Oracle Fusion Compensation Management. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true?
- A. No new Grade rate can be created.
- B. A new Grade rate can be created and the Salary basis can be modified to include it.
- C. The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
- D. After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate.
Correct Answer: D 🗳️
Which two methods can be used by the Compensation Administrator to publish budgets?
- A. Copy budget amounts from a previous cycle.
- B. Publish budgets automatically by running the Build Model process.
- C. Publish budgets manually.
- D. Use a model to distribute budgets.
Correct Answer: A,D 🗳️
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