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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Compensation Workflows and Approvals | - Approval Rules - Workflow Configuration |
| Salary and Bonus Management | - Salary Administration - Bonus and Incentive Plans |
| Compensation Foundations in Oracle Fusion HCM | - Role of Compensation in HCM Cloud - Overview of Compensation Structures |
| Reporting and Analysis | - Compensation Reporting - Analytics in Fusion HCM Compensation |
| Compensation Setup and Configuration | - Manage Compensation Plans - Salary Basis and Grades - Eligibility Profiles |
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. Use fast formula to display the employee currency using conversion rates
- B. Enable currency switching
- C. Display the corporate currency
- D. Set the preferred currency in the worksheet
Correct Answer: B 🗳️
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 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.
- B. The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.
- C. 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.
Correct Answer: C 🗳️
As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?
- A. Before deleting the item, you must configure a zero value behavior for the item.
- B. More than one administrator might be using the item and, therefore, it cannot be deleted.
- C. The above scenario does not stand true as the item can be deleted.
- D. The item cannot be deleted, because it is attached to a category.
Correct Answer: B 🗳️
Identify the three correct statements for an alternate approver hierarchy.
- A. The highest Approval sequence is the final approver.
- B. By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.
- C. The alternate approver must be a part of the regular plan hierarchy.
- D. You can create multiple approvers for the same manager.
Correct Answer: A,B,D 🗳️
Per your client 5 policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. Manager X is currently in a notice period, but his direct reports are still eligible compensation cycle. You observe that the system allows Manager X to administer compensation for his direct reports.
You research this and find out that Manager X is still allowed to carry out the compensation allocation because his Eligibility Status is_____________.
- A. Eligible
- B. Restricted
- C. Provisional
- D. Ineligible
- E. Limited
Correct Answer: B 🗳️
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