Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications
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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compensation Basics | - Compensation Plan Concepts - Salary and Compensation Components |
| Topic 2: Plan Configuration | - Budgeting and Worksheets - Eligibility and Profiles |
| Topic 3: Total Compensation Statements | - Statement Definitions |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
A corporation is implementing Oracle Fusion Compensation Management and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases?
- A. Set up different salary bases for different grades with the same payroll element. The frequency
of both salary basis and grade rate need not match. - B. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
- C. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.
- D. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.
A Corporation has implemented Oracle Fusion Compensation for a manufacturing client.
Which is the building block used in the calculation of deductions and exemptions?
- A. Deduction range Values
- B. Deduction range groups
- C. Deduction overrides
- D. Deduction ranges
While configuring the Budget page, you are setting the properties of the job column.
Which two sections are available in the properties for the job column?
- A. Legal Employee
- B. General
- C. Information
- D. Default Value
A corporation has implemented Oracle Fusion Compensation Management. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue.
- A. No components are defined to handle these salary adjustments.
- B. Automatic entry is checked for the payroll element used.
- C. Automatic entry is checked at the element eligibility link for the payroll element used.
- D. Salary basis is configured to be non-updatable.
A corporation implemented Oracle Fusion Compensation Management. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true?
- A. No new Grade rate can be created.
- B. After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate.
- C. A new Grade rate can be created and the Salary basis can be modified to include it.
- D. The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
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