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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Total Compensation Statements | 15% | - Generating and publishing statements - Defining compensation statements - Managing statement layouts |
| Topic 2: Elements, Formulas, and Eligibility | 20% | - Creating element eligibility criteria - Describing element classifications and deductions - Managing fast formulas |
| Topic 3: Workforce Compensation | 25% | - Setting up worksheets, approvals, and access - Configuring plan cycles and budgets - Designing compensation plans - Administering compensation changes and models |
| Topic 4: Base Pay Configuration | 20% | - Configuring salary components - Managing base pay structures - Defining salary basis |
| Topic 5: Individual Compensation | 20% | - Setting up individual compensation plans - Managing contributions and approvals - Configuring compensation history |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
1. While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers achieve this?
A) Control the population by using eligibility profiles.
B) Use the sort feature in the worksheet to control this.
C) Use the Advanced Filter option in the worksheet to create a custom condition.
D) This cannot be done once the population is finalized and the compensation cycle is started.
2. As an implementation consultant, you are defining entry values for an element in the Fusion application.
Which statement about selecting the rules for the element's entry value is true?
A) An element with the Automatic Entry option selected can allow multiple entries in the same period.
B) An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
C) An element with the Automatic Entry option selected can allow multiple entries in the same period, and an element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
D) An element with the Automatic Entry option selected cannot allow multiple entries in the same period.
3. A corporation is implementing Oracle Fusion Compensation Management and has set up an Individual Compensation plan for contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels.
A) Position
B) Management Chain
C) Supervisory
D) Job level
E) Department Level
F) Resource
4. When upper-level managers change the plan access of one or more lower-/eve/ managers, they receive a notification informing them about the change in access. Which option do the/ receive to act on the notification?
A) Reply
B) Dismiss
C) Accept
D) Reject
5. As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.
Select the correct sequence to construct a total compensation statement.
A) Create compensation items >> attach the items to compensation categories >> generate the statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition.
B) Create compensation items >> attach the items to compensation categories >> arrange categories hierarchically in the statement definition >> specify the statement period and display options >> generate the statement.
C) Create compensation items >> generate a statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories.
D) Create compensation items >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories >> generate the statement.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: C,D,E,F | Question # 4 Answer: A | Question # 5 Answer: A |
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