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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Total Compensation Statements | 15% | - Generating and publishing statements - Managing statement layouts - Defining compensation statements |
| Topic 2: Individual Compensation | 20% | - Managing contributions and approvals - Configuring compensation history - Setting up individual compensation plans |
| Topic 3: Workforce Compensation | 25% | - Administering compensation changes and models - Setting up worksheets, approvals, and access - Designing compensation plans - Configuring plan cycles and budgets |
| Topic 4: Elements, Formulas, and Eligibility | 20% | - Managing fast formulas - Describing element classifications and deductions - Creating element eligibility criteria |
| Topic 5: Base Pay Configuration | 20% | - Configuring salary components - Defining salary basis - Managing base pay structures |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
A corporation is implementing Oracle Fusion Compensation Management and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases?
- A. Set up different salary bases for different grades with the same payroll element. The frequency
of both salary basis and grade rate need not match. - B. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.
- C. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
- D. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.
Which two tasks are true about components in worksheet configurations?
- A. You can create up to five components to represent the different types of compensation that you want to award within a plan.
- B. Each component has to be of a separate type, such as salary or bonus.
- C. Plans must have at least one component if awarding compensation.
- D. There is the flexibility to add any number of components within a compensation plan.
A corporation is implementing Oracle Fusion Compensation Management and has set up an Individual Compensation plan for contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels.
- A. Department Level
- B. Job level
- C. Resource
- D. Management Chain
- E. Position
- F. Supervisory
A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan with the following details.
-Name: Variable component -Restrict plan access: Yes -Action: Manage Contributions -Access Level: New -Allocations: Always Allow -Update Allocations: Never Allow -Discontinue Allocations: "Allowed during a specific period" with the period start and end dates
configured.
Identify the correct option for the actions possible.
- A. The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
- B. The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
- C. Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
- D. All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
Identify the three choices when configuring approvals.
- A. Alternative approve hierarchy
- B. Auto approval
- C. Submit mode
- D. Approve mode
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