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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available?

A) Job changed in HR
B) Salary changed in HR
C) Allocation outside target range
D) Grade changed in HR
E) Worker is on long-term leave
F) Worker was terminated

2. You want to use the Workforce Compensation Budget pool for a workforce compensation plan.
Select the task to be performed, in the correct sequence.
a)Configure the workforce compensation budget pool
b)Configure the workforce compensation plan details
c)Run the Start Compensation plan
d)Create at least one worksheet compensation component and associate the budget pool with it.

A) Create the workforce compensation plan. Configure the workforce compensation budget pool,Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details. Run the Start Compensation Cycle process.
B) Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool. Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details
C) Create the workforce compensation plan, Configure the workforce compensation plan details. Configure the workforce compensation budget pool, Create at (east one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
D) Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.
E) Create the workforce compensation plan. Configure the workforce compensation budget pool,Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.

3. As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions?

A) Edits to compensation categories affect all statement definitions that use that category.
B) Compensation items with sources belonging to different legal employers cannot be added.
C) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
D) The statement definition acts as a template and determines the layout and content of the generated statement.
E) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
F) The statement definition consists of compensation items added to compensation categories.

4. Which three dates are mandatory while creating plan cycles?

A) Default Due Date
B) HR Data Extraction Date
C) Worksheet Update Period Start Date
D) Plan Access Start Date
E) Evaluation Period Start Date

5. As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct?

A) You can add items to statement definitions directly.
B) To include items in statements you must add items to a compensation category.
C) You can add items to statement definitions directly, and to include Items in statements you must add items to a compensation category.
D) You cannot add items to statement definitions directly, and you cannot add items to a compensation category.

Solutions: