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Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Base Pay- Salary Administration
  • 1. Manage Base Pay
    • 2. Compensation Zones
      • 3. Salary Components
        • 4. Grade Rates
          • 5. Salary Basis
            Topic 2: Compensation Analytics and Reporting- Audit and Monitoring
            - Compensation Analytics
            - Workforce Compensation Reports
            Topic 3: Individual Compensation- Awards and Compensation Management
            • 1. Compensation History
              • 2. Spot Bonuses
                • 3. Individual Compensation Plans
                  Topic 4: Total Compensation Statements- Statement Configuration
                  • 1. Display Components
                    • 2. Generate Statements
                      • 3. Statement Definitions
                        Topic 5: Elements, Balances, and Formulas- Manage Balances
                        - Define Elements
                        - Write Fast Formulas
                        Topic 6: Workforce Compensation Plans- Plan Configuration
                        • 1. Plan Access
                          • 2. Column and Component Design
                            • 3. Worksheet Configuration
                              • 4. Budget Setup
                                Topic 7: Workforce Compensation Processing- Compensation Cycle Management
                                • 1. Transfer Data to HR
                                  • 2. Batch Processes
                                    • 3. Refresh and Publish Data
                                      • 4. Plan Validation
                                        Topic 8: Compensation Foundation- Compensation Components Setup
                                        • 1. Compensation Categories
                                          • 2. Compensation Objects
                                            • 3. Eligibility Profiles

                                              Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

                                              You arecreating grade rates. What values are necessary for any grade rate that you create? (Choose the best answer.)

                                              • A. Minimum, Maximum, Mid Point, and Value
                                              • B. Minimum, Maximum, or Value
                                              • C. Minimum, Maximum, Mid Point, or Value
                                              • D. Minimum, Maximum, and Value
                                              Reveal Solution  Discussion  0

                                              Correct Answer: B  🗳️

                                              Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

                                              The compensation plan that is implemented for your customer has a column that defaults based on a dynamic column. However, as per the customer's requirement, if the value in this column is manually updated in the worksheet by a manager, there should not be any further changes made to it automatically when the "Refresh Data" process is run. How can a compensation administrator achieve this? (Choose the best answer.)

                                              • A. by deselecting the Change Worksheet Data triggering event in the dynamic column
                                              • B. by deselecting the Start Compensation Cycle triggering event in the dynamic column
                                              • C. by setting up the properties of the column as updatable only once
                                              • D. by deselecting the Refresh Data triggering event in the dynamic column
                                              Reveal Solution  Discussion  0

                                              Correct Answer: D  🗳️

                                              Your customer's compensation manager needs to know, what are the four valid statuses of the compensationworksheet? (Choose four.)

                                              • A. Started
                                              • B. Fully Approved
                                              • C. Unprocessed
                                              • D. Closed
                                              • E. Budget Available
                                              • F. Submitted
                                              • G. Processed
                                              • H. Partially approved
                                              Reveal Solution  Discussion  0

                                              Correct Answer: B,E,F,G  🗳️

                                              Plan access restrictions control the situations in which an individual compensation plan is available for allocations or contributions by a line manager or worker, and regulate a user's ability to create, update, or discontinue allocations or contributions under the plan. What are three common decisions to make about plan access? (Choose three.)

                                              • A. if there should be a "white list" name criteria for access to the plan
                                              • B. whether or not to restrict access to the plan at all
                                              • C. If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle
                                              • D. if there should be a time period in which a user can create, update, or discontinue allocations or contributions
                                              • E. if planaccess should be related to HR actions
                                              • F. If user access should be based on career levels or earnings thresholds
                                              Reveal Solution  Discussion  0

                                              Correct Answer: B,D,E  🗳️

                                              As a compensation executive, you are required to upload stock data sent by a vendor of a corporation into the Fusion application.
                                              Which option is the correct method to do so? (Choose the best answer.)

                                              • A. Manage Stock Grants >> Prepare Import Spreadsheet
                                              • B. Manage Stock Grants >> Import Items
                                              • C. Manage Stock Grants >> Import Source
                                              • D. Manage Stock Grants >> Import Category
                                              Reveal Solution  Discussion  0

                                              Correct Answer: A  🗳️

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