Try 1z0-1049-22 Exam Valid Dumps with Instant Download Free Updates [Q15-Q33]

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Try 1z0-1049-22 Exam Valid Dumps with Instant Download Free Updates

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The Oracle 1z0-1049-22 exam is an excellent opportunity for professionals who work with Oracle Compensation Cloud to demonstrate their expertise and advance their careers. By passing this exam, candidates can showcase their skills and knowledge to their employers and peers, and gain recognition as a certified Oracle Compensation Cloud implementation professional.

The Oracle 1z0-1049-22 exam is designed for professionals who want to become certified in Oracle Compensation Cloud 2022 implementation. The exam tests the candidate’s knowledge and skills in implementing compensation plans, ensuring compensation data accuracy, and managing compensation cycles. The exam also covers topics such as compensation security and compliance, reporting, and integration. Passing this exam is a prerequisite for obtaining the Oracle Compensation Cloud 2022 Implementation Professional certification.

QUESTION 15
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? (Choose two.)

General

Default Value

Information

Legal Employer

QUESTION 16
Identify the four components that can be included in a fast formul
a. (Choose four.)

Output statement

Input statement

Comments

Assignment statements

Symbolic variables

Conditions

QUESTION 17
A worker complains to the Human Resources department that the total amount does not add up to the amount of salary received in the bank. The department informs the worker that certain items that are shown in the Compensation Statement do not comprise the actual amount paid. The department now wants to make the statement more relevant to workers to avoid such situations.
What should you do to accommodate this requirement? (Choose the best answer.)

For each item, specify the Excluded from Gross amount option to indicate that this compensation is not the actual amount paid.

For each item, specify the Estimated amount option to indicate that this compensation is not the actual amount paid.

For each item, specify the Unpaid amount option to indicate that tis compensation is not the actual amount paid.

For each item, specify the Indicative amount option to indicate that this compensation is not the actual amount paid.

QUESTION 18
How would you control the task of determining if a person is eligible for a compensation plan? (Choose the best answer.)

a mix of element eligibility and eligibility profiles

through element eligibility only, never with eligibility profiles

with the eligibility profiles, never through element eligibility

either with eligibility profiles or through element eligibility

QUESTION 19
As an implementation consultant, you are defining entry values for an element in the Fusion application.
Which statement is true about selecting the rules for the element’s entry value? (Choose the best answer.)

An element with the Automatic Entry option selected cannot allow multiple entries in the same period.

An element with the Automatic Entry option selected can allow multiple entries in the same period.

An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.

An element with the Automatic Entry option selected can allow multiple entries in the same period, and an element with the Automatic Entry option not selected cannot allow multiple entries in the same period.

QUESTION 20
How can you use an earnings element to manage the calculation and payment of absences? (Choose the best answer.)

Ensure that the input to the salary database item formula from the earnings element processes the absence element as Absence classification because payroll runs do not process elements in the Information or Absence classifications.

Define a skip rule for the earnings element that triggers processing when it finds an entry for a non-absence element because payroll runs process elements in the Information or Absence classifications.

Define the earnings element as nonrecurring for the absence element because payroll runs do not process nonrecurring elements in the Information or Absence classifications.

Define a skip rule for the earnings element that triggers processing when it finds an entry for the absence element because payroll runs do not process elements in the Information or Absence classifications.

QUESTION 21
A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up compensation history.
Identify the three correct options regarding the various compensations shown in the history. (Choose three.)

Compensation history displays six categories of compensation.

Compensation history automatically retrieves salary and stock-related information. The Recruiting payments and other categories have to be added manually.

Compensation history shows one-time payments in other compensation and allowances paid regularly in recruiting payments.

The summary in the compensation history shows the data for only five years.

QUESTION 22
Which three tasks are part of Plan Foundation Configuration Options? (Choose three.)

Components

Plan Currency

Plan Access

Alerts

Feedback Survey

QUESTION 23
Your customer wants to limit contributions to a particular individual compensation plan to workers with at least a year of service. How should you accomplish this? (Choose the best answer.)

Create a relevant eligibility profile and associate it with the plan.

Create user-defined criteria, and then create the eligibility profile and plan.

Create a derived factor, and then create the eligibility profile and plan.

Create an eligibility profile with the exclude option and associate it with the plan

Use a fast formula to restrict access to the plan.

QUESTION 24
As compensation administrator, you are required to show “Actual amounts paid to the worker” in the Total Compensation Statement. To meet this requirement, which component must be created? (Choose the best answer.)

Compensation Item

Compensation Category

Compensation Source

Compensation Statement Definition

QUESTION 25
When initiating an award, what is correct regarding possible workflow tasks? (Choose the best answer.)

You may use either VariableAllocationTask and VarialbeAllocationFYITask

You must use VariableAllocationTask and not VariableAllocationFYITask.

You must use VariableAllocationFYITask and not VariableAllocationTask.

You must use VariableAllocationTask and edit the rules if using only for notification.

QUESTION 26
While configuring Workforce Compensation Plan, you specify Performance Rating date in Plan Cycle as the same in multiple plans.
What will happen when the manager updates a compensation performance rating in the worksheet of one plan? (Choose the best answer.)

The rating will be available to only the plan where it is updated.

The rating will be available to all plans that are currently active.

The rating will be available to all plans with the same Performance Rating date in Plan Cycle.

The rating will be available to only the plans where the same manager is involved.

QUESTION 27
A corporation implemented Oracle Fusion Workforce Compensation. 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? (Choose the best answer.)

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.

A new Grade rate can be created and the Salary basis can be modified to include it.

No new Grade rate can be created.

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.

QUESTION 28
Your customer’s Workforce Compensation Plan for Annual Salary Review is set up with the following dates in the Plan Cycle:
Evaluation Period Start Date: 1-Jan-2014
Evaluation Period End Date: 31-Dec-2014
Worksheet Update Period Start Date: 1-Jan-2014
Worksheet Update Period End Date: 31-Dec-2014
HR Data Extraction: 31-Dec-2014
Eligibility Determination Date: 31-Dec-2014
There is a worker with a termination date of 30-Oct-2014. When the Transfer Data to HR process is run, it fails for this worker. What should you do to successfully add the lump sum award element entries and salary adjustments? (Choose the best answer.)

The worker termination date should be changed to reflect the same date as the HR Data Extraction date.

The salary adjustment or lumpsum effective date must be later that the worker’s payroll last standard process date.

The salary adjustment or lumpsum effective date must be earlier than or equal to the worker’s termination date.

The salary adjustment or lumpsum must be manually calculated and added for such workers.

Terminated workers should be excluded from being processed in Workforce Compensation plans.

QUESTION 29
The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available? (Choose three.)

Integrate with Oracle Fusion Performance Management.

Use compensation performance ratings.

Use both Performance Management ratings and compensation ratings.

Integrate with Oracle Fusion Goal Management.

Integrate with Oracle Fusion Profile Management.

QUESTION 30
A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up the Deductions options.
If Deduction cards are supported at multiple levels, which task in the Setup and Maintenance Work area is used to create deduction card overrides at the Payroll Statutory Unit level? (Choose the best answer.)

Manage Legal Reporting Unit Deduction Records

Manage Legal Entity Deduction Records

Manage Payroll Deductions

Manage Personal Deductions

QUESTION 31
You are an implementation consultant, and the client organization wants you to provide a solution for how not to display the welcome message in the total compensation statement.
What will your answer in this situation be? (Choose the best answer.)

Changing the welcome message is not possible.

Edit the “Do not display Welcome message” option in “Statement Definition.”

Edit the “Do not display Welcome message” option in “Compensation Item.”

Edit the “Do not display Welcome message” option in “Compensation Category.”

QUESTION 32
Which two tasks are performed by compensation managers while determining budgets? (Choose two.)

Manually calculate budget amounts or automatically determine budget amounts by using a model.

With administrative budgeting, enable managers to award compensation within their allocated budget amounts by automatically publishing budget amounts.

Determine budget amounts offline by downloading budget details to a spreadsheet.

Publish budgets to line managers to distribute budgets down the reporting hierarchy or to allocate budget amounts at the employee level.

QUESTION 33
The compensation plan that is implemented for your customer has a column that defaults based on a dynamic column. However, as per the customer’s requirement, if the value in this column is manually updated in the worksheet by a manager, there should not be any further changes made to it automatically when the “Refresh Data” process is run. How can a compensation administrator achieve this? (Choose the best answer.)

by setting up the properties of the column as updatable only once

by deselecting the Refresh Data triggering event in the dynamic column

by deselecting the Start Compensation Cycle triggering event in the dynamic column

by deselecting the Change Worksheet Data triggering event in the dynamic column