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Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Setup and Configuration- Enterprise Structures and Security Setup
- Basic Compensation Configuration
Topic 2: Reporting and Analytics- Standard Compensation Reports
- Dashboards and Metrics
Topic 3: Approvals and Security- Approval Workflow Configuration
- Role-Based Access Control
Topic 4: Implementation and Maintenance- System Maintenance and Updates
- Deployment Considerations
Topic 5: Compensation Plans and Cycles- Plan Design and Eligibility Rules
- Cycle Setup and Administration
Topic 6: Compensation Cloud Overview- Core Concepts of Workforce Compensation
- Key Features and Business Use Cases
Topic 7: Worksheet Management- Manager and Employee Interaction
- Worksheet Configuration and Fields
Topic 8: Budgeting and Workforce Compensation- Manager Budget Distribution
- Budget Allocation Methods

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. When initiating an award, what is correct regarding possible workflow tasks? (Choose the best answer.)

A) You must use VariableAllocationTaskand not VariableAllocationFYITask.
B) You must use VariableAllocationFYITask and not VariableAllocationTask.
C) You may use either VariableAllocationTask and VarialbeAllocationFYITask
D) You must use VariableAllocationTask and edit the rules if using only for notification.


2. 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 regardingthe Calculation Factors? (Choose two.)

A) The Manage Deduction Ranges task in the Payroll Calculation work area is used to view the calculation factors defined.
B) The Manage Deduction Group Rates task in the Payroll Calculation work area is used to view the calculation factors defined.
C) Calculation Factors indicate which deduction range to use when calculating the deduction amount.
D) Calculation Factors define which classifications of earnings to consider when calculating the basis for the deduction element.


3. 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 setting up the properties of the column as updatable only once
C) by deselecting the Start Compensation Cycle triggering event in the dynamic column
D) by deselecting the Refresh Data triggering event in the dynamic column


4. The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which fouroptions regarding compensation modeling are correct? (Choose four.)

A) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
B) Managers can use a model created by compensation professionals.
C) A model can be shared with the direct reports of the creator.
D) Managers can create their own models and use them.
E) Access of a model is limited only to the creator of the model.
F) Managers cannot sharea model created by them.


5. If you enable Performance Ratings and rate workers within WorkforceCompensation, which two statements are true? (Choose two.)

A) These ratings are used across compensation plan and cycles.
B) You can display compensation ratings given in the previous plan cycle as a column in the worksheet.
C) The ratings are transferred to the Performance Management system or toHR.
D) Managers can rate workers as they allocate compensation.


Solutions:

Question # 1
Answer: B
Question # 2
Answer: A,C
Question # 3
Answer: D
Question # 4
Answer: A,B,C,D
Question # 5
Answer: B,D

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