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Oracle 1z0-1062-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Compensation Plans and Rules | - Credit and Allocation Rules
|
| Reporting and Administration | - Reports and Analytics
|
| Incentive Calculation and Processing | - Calculation Engine
|
| Incentive Compensation Cloud Overview | - Core Concepts of Incentive Compensation
|
| Setup and Configuration | - Application Setup
|
Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
1. Which two statements are true for individualized compensation plan values?
A) Individualized ratevalues for a participant take precedence over original compensation plan rate values.
B) A participant can personalize the compensation plan view if the Individualize option is selected.
C) Individualized compensation plan values can reduce the number of plans that you actually have to create and manage.
D) Individualized compensation plan values summarize transactions during the Calculation phase.
E) A participant's manager can personalize the compensation plan view if the Individualize option is selected.
2. The Implementation team is trying to determine how many business units (BUs) are needed.Whichconsideration requires the creation of multiple BUs?
A) different currencies for payment of participants
B) different General Ledger account structures
C) The running of processes, the management of participant assignments, and the administrative access to data must beseparated by principal lines of business.
D) The HCM application has four separate BUs, so we must adopt them fc* Incentive Compensation.
E) Operating currency is different to the currency in which calculations are performed.
3. Youmust migrate dataforaround 500 participants alongwith attributes, historical Participant Goals, historical transactions. Compensation Plans,classificationrules,andcredit categories in a new Incentive Compensation implementation.Theclientis readyto providedata in afile format that is provided byyou.
Which three templates can you use out of box for data migration?
A) Incentive Compensation Transaction Import
B) Incentive Compensation Participant Import
C) Incentive Compensation Credit Category Import
D) Incentive Compensation Compensation Plan Import
E) Incentive Compensation Participant Goal Import
F) Incentive Compensation Participant Detail Import
G) Incentive Compensation Classification Rule Import
4. Which three statements are true regarding Classification?
A) Classification splits the credits among the participant credit receivers.
B) Classification rules are used to classify transactions into meaningful credit categories.
C) Qualifiers are ANDed and qualifier attribute values are ORed.
D) Classification process must be run before the Crediting process.
E) Rule criteria involve one or more transaction attributes.
5. 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) CW_TP_EARNINGS_ALL
B) CM SRP PARTICIPANTS ALL
C) CN SRP_PER_FORM_METRICS_ALL
D) CN TP KEASURE_RESULTS_ALL
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: D | Question # 3 Answer: A,B,C | Question # 4 Answer: C,D,E | Question # 5 Answer: C |
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