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Oracle 1Z0-1050-23 Exam Syllabus Topics:

SectionObjectives
Payroll Processing- Payroll run cycles
  • 1. Calculate payroll
    • 2. Payroll reconciliation
      - Payments
      • 1. Off-cycle payments
        • 2. Payment methods and distribution
          Elements and Earnings/ Deductions- Balances and formulas
          • 1. Balance definitions
            • 2. Formula creation and validation
              - Element configuration
              • 1. Earnings elements setup
                • 2. Deduction elements setup
                  Payroll Fundamentals- Payroll setup overview
                  • 1. Payroll definitions
                    • 2. Legislative data groups
                      - Payroll concepts and lifecycle
                      • 1. Payroll flows and processes
                        • 2. Payroll relationship model
                          Security and Integration- Security roles
                          • 1. Payroll security model
                            - Integration
                            • 1. Third-party payroll integration
                              • 2. HCM integration with Payroll
                                Reporting and Compliance- Payroll reports
                                • 1. Standard payroll reports
                                  • 2. Audit and reconciliation reports
                                    Costing and Accounting- Payroll costing setup
                                    • 1. Cost allocation rules
                                      • 2. Costing results review

                                        Oracle Payroll Cloud 2023 Implementation Professional Sample Questions:

                                        Question 1

                                        Which legislative data group (LDG) description is incorrect?

                                        A. An LDG can contain many legal entities that act as payroll statutory units.
                                        B. An LDG is associated with a legislative code and currency.
                                        C. An LDG can be associated to multiple cost allocation key flexfield structures.
                                        D. An LDG marks a legislation in which payroll is processed.


                                        Question 2

                                        You are testing the retropay process and enter a retrospective bonus entry for a worker. The bonus is calculated based on a percentage of the worker's salary. When you review the results of the retropay process you identify the bonus has not been included.
                                        Identify two reasons why this is happening.

                                        A. Element entry changes are not included in the retroactive event group.
                                        B. Retropay has not been enabled on the bonus element.
                                        C. Retropay has not been enabled on the salary element.
                                        D. Bonus element changes are not included in the retroactive event group.


                                        Question 3

                                        You defined the department costing information after the Calculate Payroll process is run that creates the costing results also. You noticed that the department costing information is not created for the employees who are in that department.
                                        What should you do to ensure the department costing information is reflected for those employees without rolling back and rerunning the Calculate Payroll?

                                        A. You do the adjustments in General Ledger because you cannot do changes in the costing results.
                                        B. You roll back only the costing process and rerun it.
                                        C. You cannot rectify the costing results after they are created.
                                        D. You run the Calculate Retroactive Costing process to recalculate costs for retroactive changes to costing setups.


                                        Question 4

                                        A court has issued an order for deductions to be taken from a worker's salary and paid to an ex-spouse. The court order includes instructions for the company to make payments directly to the ex-spouse and has included their bank details.
                                        How should you enter these details into the application?

                                        A. Enter the bank details on personal payment methods page.
                                        B. This requirement cannot be met in cloud payroll; all such payments should be sent to the court.
                                        C. Enter the bank details on the manage third-party person payment methods page.
                                        D. Enter the bank details on a third-party organization page.


                                        Question 5

                                        The element template has created a "Results" element for a voluntary deduction element along with the base element. What is needed to be created for each employee that is eligible for deduction?

                                        A. Base element
                                        B. Calculator element
                                        C. Distributor element
                                        D. Results element


                                        Solutions:

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

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