Real Oracle 1z0-1062-21 practice exam questions for easy pass!
Updated: Jul 13, 2026
No. of Questions: 76 Questions & Answers with Testing Engine
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| Certification Vendor: | Oracle |
| Exam Name: | Oracle Incentive Compensation Cloud 2021 Implementation Essentials |
| Exam Number: | 1z0-1062-21 |
| Real Exam Qty: | 55-76 |
| Exam Price: | USD $245 |
| Related Certifications: | Oracle HCM Cloud Implementation Specialist |
| Exam Duration: | 105 minutes |
| Exam Format: | Multiple Choice, Scenario-Based Questions |
| Available Languages: | English |
| Passing Score: | 63% |
| Certificate Validity Period: | 18 months |
| Recommended Training: | Oracle Product Documentation Oracle Incentive Compensation Cloud Implementation Training |
| Exam Registration: | Oracle University Registration Pearson VUE Scheduling |
| Sample Questions: | Oracle 1z0-1062-21 Sample Questions |
| Exam Way: | Online proctored or in-person at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended 6+ months hands-on experience with Oracle HCM Cloud and incentive compensation concepts |
| Official Syllabus URL: | https://education.oracle.com/oracle-incentive-compensation-cloud-2021-implementation-essentials/trackp_1Z0-1062-21 |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Participants, Payments, and Reporting | 15% | - Maintenance and Troubleshooting - Analytics, Dashboards, and Reports - Participant Setup and Hierarchies - Paysheets and Payment Administration |
| Topic 2: Compensation Plans and Components | 25% | - Performance Measures and Formulas - Rate Tables and Tiers - Plan Design and Creation - Earnings and Calculation Logic |
| Topic 3: Classification and Crediting | 20% | - Crediting Hierarchies and Rules - Transaction Classification Rules - Processing Transactions |
| Topic 4: Core Setup and Configuration | 25% | - Enterprise Structure and Reference Data - Calendars, Periods, and Currencies - Profile Options and Parameters |
| Topic 5: Overview of Incentive Compensation Cloud | 15% | - Implementation Methodology - Security and Access Control - Key Concepts and Architecture |
1. Which two statements are true when you create an expression?
A) You can use the metrics of a plan component but not of a performance measure in your expression.
B) An expression like Credit.Credit Amount* SUM(Credit.Quantity) will be valid because the application allows you to mix aggregate functions with nonaggregated transactional attributes in the same expression.
C) Anexpression like Credit.Credit__Amount*SUM(Credit.Quantity) will be invalid because the application does not allow you to mix aggregate functions with nonaggregated transactional attributes in the same expression.
D) You can use the metrics of both plan components andperformance measures in your expression.
E) You can use the metrics of a performance measure but not of a plan component in your expression.
2. You have to write a custom function that accesses the performancemeasure output.
You must pass the following parameters to uniquely identify data and do custom calculations.
plan_cooponent_id
formaula_id
Participant_id
Period id
In which table should you configure the required columns?
A) CM SRP PARTICIPANTS ALL
B) CN TP KEASURE_RESULTS_ALL
C) CW_TP_EARNINGS_ALL
D) CN SRP_PER_FORM_METRICS_ALL
3. An Incentive Compensation administrator wants to import the participant information from Oracle Human Resources Cloud for the employees having Job as 'Operation Support'.
Which task can the Incentive Compensation administrator perform?
A) The administrator can assign quotas to participants based on integration with Oracle HumanResources Cloud Compensation Workbench.
B) The administrator can assign roles to participants based on the Oracle Human Resources Cloud Job to Role mapping.
C) The administrator can use the Human Resources Cloud Job field to filter which participants to include in the Import.
D) The administrator can assign compensation plans to participants based on the Oracle Human Resources Cloud Job to Plan mapping.
4. Which statement is true about classification rules and credit categories?
A) You can associate only one credit category to a classification rule.
B) You can associatemultiple credit categories to a classification rule.
C) You can define the split credit percentage at classification rule UI.
D) You can associate classification rule to credit category via performance measure.
5. A participant is transferred to another business unit.
Identify the configuration changes required to calculate and pay compensation to the participant in the new business unit.
A) Assign the participant to the global business unit and global role,
B) Assign the participant to a new role and resource group.
C) Create a new HR employee record forthis participant as transfer across business unit is not supported by the application.
D) Enter an End Date for the participant record in the current business unit, import participant into the new business unit, and assign appropriate Comp Plan and Paygroup.
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: D |
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