1z0-1050-22 by Oracle Actual Free Exam Questions And Answers

Question 1

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?

A. End date the element definition.

B. You cannot achieve this requirement because you need to continue the existing element entries.

C. Delete the element definition and re-create it with a different effective date.

D. Change the effective date to the required date and select the "Closed for entry" check box.

Discussion 0

Correct Answer: D Vote an answer

Question 2

An element is defined with costing type as "Fixed Costing".
Which costing levels are considered while building cost account?

A. Payroll, Department, Element Eligibility

B. Payroll, Person Element Entry, Department, Job or Position, Person, Element Eligibility

C. Payroll, Element Eligibility, Department, Element Entry

D. Payroll, Element Eligibility, Element Entry

Discussion 0

Correct Answer: D Vote an answer

Question 3

A line manager has hired a worker who will be paid on a weekly basis. What navigation path should the payroll user take to enter the weekly payroll details for the worker?

A. Manage Payroll Relationship > Assignment Record

B. Manage Work Relationship > Work Relationship Record

C. Manage Payroll Relationship > Payroll Relationship Record

D. Manage Work Relationship > Assignment Record

Discussion 0

Correct Answer: A Vote an answer

Question 4

Where do you define a custom schedule to be used during payroll flow submission?

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 Time Definitions, create a schedule using the type "Time Span".

D. Within Manage Run Types, create a schedule of the category "Normal".

Discussion 0

Correct Answer: A Vote an answer

Question 5

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. Write a formula to select the correct bank account for employees and third parties.

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. Create two personal payment methods for each of your employees: one for their salary payments and one for their third-party payments.

D. Ensure you run the prepayments process separately for your employees and your third parties.

Discussion 0

Correct Answer: B Vote an answer

Question 6

Your customer has the financial system in a third party system and you have to send the payroll costing entries to a third party system. Which two options should be used to extract the data from Cloud Payroll system?

A. You can use the OTBI - Payroll Run Costing Real Time subject area to extract the costing results of a particular run.

B. You can run the Payroll Costing Report to extract the costing results of a particular run.

C. You can use the OTBI - Payroll Run Results Real Time subject area to extract the costing results of a particular run, because payroll costing is part of payroll run.

D. You cannot extract the costing results from cloud payroll to send it to third party financials system.

Discussion 0

Correct Answer: A,B Vote an answer

Question 7

You have run payroll process and need to validate and audit the run results before moving on to processing the payment. Which report helps you in diagnosing the results?

A. Payroll Activity Report

B. Payroll Balance Report

C. Balance Exception Report

D. Payroll Data Validation Report

Discussion 0

Correct Answer: A Vote an answer

Question 8

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 is defined as Distributed for the element.

B. Element is at Payroll relationship level and the costing type is defined as "Costed".

C. The costing type on the element is defined as "Fixed Costed".

D. There is no costing option defined for the element.

Discussion 0

Correct Answer: A,D Vote an answer

Question 9

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. Write a formula to select the correct bank account for employees and third parties.

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. Create two personal payment methods for each of your employees: one for their salary payments and one for their third-party payments.

D. Ensure you run the prepayments process separately for your employees and your third parties.

Discussion 0

Correct Answer: B Vote an answer

Oracle Payroll Cloud 2022 Implementation Professional - 1z0-1050-22 Exam Practice Test

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