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Oracle 1z1-495 Exam Syllabus Topics:

SectionObjectives
Topic 1: Compensation Workflows and Approvals- Approval Rules
- Workflow Configuration
Topic 2: Reporting and Analysis- Compensation Reporting
- Analytics in Fusion HCM Compensation
Topic 3: Salary and Bonus Management- Salary Administration
- Bonus and Incentive Plans
Topic 4: Compensation Setup and Configuration- Eligibility Profiles
- Manage Compensation Plans
- Salary Basis and Grades
Topic 5: Compensation Foundations in Oracle Fusion HCM- Role of Compensation in HCM Cloud
- Overview of Compensation Structures

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement?

A) Payroll Balance
B) Input Value
C) Deduction Range
D) Formula
E) Element Entry
F) Benefit Balance


2. Which three dates are mandatory while creating plan cycles?

A) Plan Access Start Date
B) Evaluation Period Start Date
C) HR Data Extraction Date
D) Default Due Date
E) Worksheet Update Period Start Date


3. Which five tasks can be performed by a compensation manager?

A) Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.
B) Review and approve work of Superior Manager.
C) Determine compensation amounts offline by downloading details to a spreadsheet.
D) Allocate compensation.
E) Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.
F) Promote and rate worker performance while allocating compensation.


4. As compensation administrator, you are required to show "Actual Amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created?

A) Compensation Category
B) Compensation Statement Definition
C) Compensation Item
D) Compensation Source


5. While configuring theBudget page, which five tabs are available in Page Layout?

A) Comments
B) Information
C) Detail table
D) Summary
E) Actions
F) Worker List
G) Budgeting


Solutions:

Question # 1
Answer: A,B,E,F
Question # 2
Answer: B,C,E
Question # 3
Answer: A,C,E,F
Question # 4
Answer: C
Question # 5
Answer: B,C,E,F,G

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