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.

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  • Exam Code: 1z0-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Certification Provider: Oracle
  • Corresponding Certification: Oracle Applications
  • Updated: Sep 13, 2026
  • No. of Questions: 71 Questions & Answers with Testing Engine
  • Download Limit: Unlimited

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Oracle 1z0-495 Exam Syllabus Topics:

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

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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 >> generate a statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories.
  • B. 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.
  • C. 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.
  • 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.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement, as an implementation consultant, which is the dependantconfiguration that you would advise the compensation manager to platform?

  • A. Enable Components and create at least one component (Configure Compensation Component)
  • B. Configure related components (Configure Worksheet Page Layout: Detail Table tab)
  • C. Enable the Communication tab type (Configure Worksheet Page Layout)
  • D. Enable components and create a component linked to the budget pool (Configure Compensation Components)
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

A Corporation has implemented Oracle Fusion Compensation for a manufacturing client. Per the business requirements, the Fusion consultant must integrate Oracle Fusion Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amount as one of the input values for the Benefit element to get the eligible salary of the employee for the compensation process.
Identify the option that will enable the fetching of Benefits Amount.

  • A. Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.
  • B. Database items are created by default for the element input values.
  • C. Create an "Amount" input value at the element eligibility link level.
  • D. Select "Pay Separately" as the "Special Purpose" option.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?

  • A. Person Attributes
  • B. Legislative Information
  • C. Compensation History
  • D. AssignmentTables
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?

  • A. Plan Access
  • B. Action and Action Reasons
  • C. Salary Component
  • D. Plan Eligibility
  • E. Budget Pools
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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