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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Plan Configuration | - Budgeting and Worksheets - Eligibility and Profiles |
| Compensation Basics | - Salary and Compensation Components - Compensation Plan Concepts |
| Total Compensation Statements | - Statement Definitions |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client?
- A. Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.
- B. Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
- C. This is possible only in the on-premises model using customization and is not possible inan SaaS instance. Therefore, you would respond accordingly to the client.
- D. Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
Correct Answer: D 🗳️
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 excluding the history category.
- B. 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.
- C. Any payroll element can be added and all other details are auto-populated including the history category.
- D. Any payroll element can be added and all other details are auto-populated excluding the history category.
Correct Answer: B 🗳️
Performance Ratings is enabled in compensation plan. Which three statements are correct regarding performance ratings?
- A. You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
- B. You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.
- C. If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
- D. You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
Correct Answer: A,C,D 🗳️
While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps would he or she needto perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposaland submitting it for approval?
- A. Repeat the steps as many times as necessary to accommodate the revisions.
- B. Download and authenticate workbooks.
- C. Filter the edits and upload only the edited fields.
- D. Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
- E. Edit the workbook data.
- F. Resolve errors created by the uploaded file.
Correct Answer: B,C,D,F 🗳️
A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?
- A. From the organization payment level, because the compensation is finally paid through this
- B. From the Legislative Data Group level, because that is the highestlevelin the hierarchy
- C. From the Bank account level
- D. From the input value of the payroll element
Correct Answer: B 🗳️
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