Oracle Fusion HCM: Compensation 2014 Essentials: 1z0-495 Exam


"Oracle Fusion HCM: Compensation 2014 Essentials", also known as 1z0-495 exam, is a Oracle Certification. With the complete collection of questions and answers, ExamcollectionPass has assembled to take you through 71 Q&As to your 1z0-495 Exam preparation. In the 1z0-495 exam resources, you will cover every field and category in Oracle Applications Certification helping to ready you for your successful Oracle Certification.

  • Exam Code: 1z0-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Total Questions: 71

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Oracle 1z0-495 Exam Syllabus Topics:

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

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) This cannot be done once the population is finalized and the compensation cycle is started.
C) Use the sort feature in the worksheet to control this.
D) Use the Advanced Filter option in the worksheet to create a custom condition.


2. A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?

A) From the Bank account level
B) From the organization payment level, because the compensation is finally paid through this
C) From the input value of the payroll element
D) From the Legislative Data Group level, because that is the highestlevelin the hierarchy


3. While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this?

A) Active plans are always shown in read-only mode once it is past the eligibility determination date.
B) Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.
C) Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.
D) Active plans are always shown in read-only mode until the Worksheet update period starts.


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) HR Specialist
C) Line Manager
D) Compensation Administrator


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) Market adjustment due to salary being out of line with the market
B) Regular and automatic adjustment
C) Adjustment due to corrections within the organization
D) Equity adjustment to correct salary compression or inversion


Solutions:

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

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