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Oracle 1z1-495 Exam Syllabus Topics:

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

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question #1

A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items.
How will you configure this requirement in the Fusion application?

  • A. Attach performance bonuses to similar elements.
  • B. Attach performance bonuses to similar compensation categories/subcategories.
  • C. Attach performance bonuses to similar compensation items.
  • D. Attach performance bonuses to similar sources.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

Which two tasks are true about components in worksheet configurations?

  • A. There is the flexibility to add any number of components within a compensation plan.
  • B. Each component has to be of a separate type, such as salary or bonus.
  • C. You can create up to five components to represent the different types of compensation that you want to award within a plan.
  • D. Plans must have at least one component if awarding compensation.
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

Question #3

Which four options are valid refresh options for the Refresh Data process?

  • A. Refresh Plan Access
  • B. Refresh Plan Currency
  • C. Refresh Base and Eligible Salary
  • D. Refresh Budget Pools
  • E. Refresh Manager Hierarchy
  • F. Reevaluate Eligibility
  • G. Refresh HR Data
Reveal Solution  Discussion  0

Correct Answer: A,D,F,G  🗳️

Question #4

An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process.

  • A. Compensation Manager
  • B. Compensation Administrator
  • C. Line Manager
  • D. HR Specialist
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #5

A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?

  • A. Equity adjustment to correct salary compression or inversion
  • B. Adjustment due to corrections within the organization
  • C. Regular and automatic adjustment
  • D. Market adjustment due to salary being out of line with the market
Reveal Solution  Discussion  0

Correct Answer: B,C,D  🗳️

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