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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Workforce Compensation | 25% | - Designing compensation plans - Configuring plan cycles and budgets - Setting up worksheets, approvals, and access - Administering compensation changes and models |
| Elements, Formulas, and Eligibility | 20% | - Describing element classifications and deductions - Managing fast formulas - Creating element eligibility criteria |
| Total Compensation Statements | 15% | - Generating and publishing statements - Managing statement layouts - Defining compensation statements |
| Individual Compensation | 20% | - Setting up individual compensation plans - Configuring compensation history - Managing contributions and approvals |
| Base Pay Configuration | 20% | - Defining salary basis - Configuring salary components - Managing base pay structures |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
1. 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 Eligibility
B) Budget Pools
C) Action and Action Reasons
D) Plan Access
E) Salary Component
2. Oracle Fusion Compensation has nine predefined salary components. Your client has a requirement that allow a salary adjustment based on the number of dependants the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called "Family Allowance".
Which option would you use to achieve this?
A) The Compensation Models
B) The Configure Compensation Component task Manager plans
C) It is not possible to achieve this, because only the delivered salary component can be used
D) The Salary Component Lookup
3. Which two methods can be used by the Compensation Administrator to publish budgets?
A) Publish budgets automatically by running the Build Model process.
B) Publish budgets manually.
C) Use a model to distribute budgets.
D) Copy budget amounts from a previous cycle.
4. A compensation manager of a corporation is setting up a new salary basis for the employees. Which statement is true about payroll elements set up for a salary basis?
A) Payroll elements of any classification type can be attached to a salary basis.
B) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.
C) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.
D) Multiple payroll elements can be attached a salary basis.
5. 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 >> attach the items to compensation categories >> arrange categories hierarchically in the statement definition >> specify the statement period and display options >> generate the statement.
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 >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories >> generate the statement.
D) 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.
Solutions:
| Question # 1 Answer: E | Question # 2 Answer: C | Question # 3 Answer: C,D | Question # 4 Answer: A | Question # 5 Answer: B |
