1Z0-1049 Tests - Oracle Valid Oracle Compensation Cloud 2019 Implementation Essentials Test Notes - Royalholidayclubbed

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1Z0-1049 PDF DEMO:

QUESTION NO: 1
A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it. (Choose the best answer.)
A. Set up access restrictions to the individual compensation plan using the correct HR action so that it can be added only to the specific roles.
B. Set up role-based security to the individual compensation work area so that only managers are allowed.
C. Set up a salary basis and restrict the eligibility to the required roles.
D. They payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
Answer: D

QUESTION NO: 2
While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-
Apr-2014 and
31-May-2014, respectively. However, when a manger logs into the workforce compensation area on
5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this? (Choose the best answer.)
A. Active plans are always shown in read-only mode form the Evaluation period start date, which is always prior to the Worksheet update date.
B. Active plans are always shown in read-only mode until the Worksheet update period starts.
C. Active plans are always shown in read-only mode once it is past the eligibility determination date.
D. Active plans are always shown in read-only mode from the Plan Access start date, which is generally prior to the Worksheet update date.
Answer: A

QUESTION NO: 3
Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under one global compensation plan. However, the managers in each country want to administer compensation in their country's respective currency. How would you enable this feature? (Choose the best answer.)
A. Display the corporate currency.
B. Enable Currency Switching.
C. Set the preferred currency in the worksheet.
D. Use fast formula to display the employee currency using conversion rates.
Answer: B

QUESTION NO: 4
A corporation has implemented Oracle Fusion Workforce Compensation. Oracle Fusion
Supplemental Earning Elements must now be created to capture ad hoc payments for eligible workforce.
Which two statements are true about element eligibility criteria for such elements? (Choose two.)
A. You can define multiple eligibility criteria for each element, but there must be an overlap between them.
B. You cannot define multiple eligibility criteria for each element in any case.
C. Some element eligibility criteria may not be available, depending on the level at which the element is attached.
D. You can define multiple eligibility criteria for each element, but there must not be any overlap between them.
Answer: B,D
Explanation
You can define more than one eligibility criteria for each element but there must be no overlap between them.
For example, you could create one criteria for the combination of grade A and the job Accountant.
However, you could not create one criteria for grade A and a second for the job Accountant. This would imply that an accountant on grade A is eligible for the same element twice. If you have more than one criteria for an element, you can enter different default values, qualifying conditions, and costing information for each eligibility group.

QUESTION NO: 5
A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up Calculation Factors for the deduction elements setup.
Which two statements are correct regarding the Calculation Factors? (Choose two.)
A. Calculation Factors indicate which deduction range to use when calculating the deduction amount
.
B. The Manage Deduction Group Rates task in the Payroll Calculation work area is used to view the calculation factors defined.
C. The Manage Deduction Ranges task in the Payroll Calculation work area is used to view the calculation factors defined.
D. Calculation Factors define which classifications of earnings to consider when calculating the basis for the deduction element.
Answer: A,C

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Updated: May 28, 2022

by RHC.

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