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Oracle 1Z0-1049-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Reporting and Analytics | - Dashboards and Metrics - Standard Compensation Reports |
| Topic 2: Setup and Configuration | - Enterprise Structures and Security Setup - Basic Compensation Configuration |
| Topic 3: Implementation and Maintenance | - Deployment Considerations - System Maintenance and Updates |
| Topic 4: Worksheet Management | - Worksheet Configuration and Fields - Manager and Employee Interaction |
| Topic 5: Compensation Cloud Overview | - Core Concepts of Workforce Compensation - Key Features and Business Use Cases |
| Topic 6: Approvals and Security | - Approval Workflow Configuration - Role-Based Access Control |
| Topic 7: Compensation Plans and Cycles | - Plan Design and Eligibility Rules - Cycle Setup and Administration |
| Topic 8: Budgeting and Workforce Compensation | - Budget Allocation Methods - Manager Budget Distribution |
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
1. While working on the compensation changes in an Excel workbook, a manger selects the Upload option and then tries to immediately download the uploaded data. As a consultant, you advise him not to do so because of which reason? (Choose the best answer.)
A) When the Upload button is clicked, the data is loaded to a staging table and an upload process is triggered. This process has to complete successfully before the new data can be downloaded.
B) This action causes the committed data to roll back, thereby revoking the changes processed.
C) The data uploaded takes some time to be processed by the server and, therefore, when download is clicked immediately, it might still show the older data.
D) This action causes the committed data to download immediately, thereby obscuring the error messages.
2. While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr-2014 and
31-May-2014, respectively. However, when a manger logs into the workforce compensation area on
5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this? (Choose the best answer.)
A) Active plans are always shown in read-only mode once it is past the eligibility determination date.
B) Active plans are always shown in read-only mode form the Evaluation period start date, which is always prior to the Worksheet update date.
C) Active plans are always shown in read-only mode until the Worksheet update period starts.
D) Active plans are always shown in read-only mode from the Plan Access start date, which is generally prior to the Worksheet update date.
3. Identify the four components that can be included in a fast formula. (Choose four.)
A) Output statement
B) Assignment statements
C) Comments
D) Conditions
E) Input statement
F) Symbolic variables
4. You want to use the Workforce Compensation Budget pool for a workforce compensation plan. Select the tasks to be performed, in the correct sequence. (Choose the best answer.)
A) 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
B) 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.
C) Create the workforce compensation plan, Configure the workforce compensation plan details, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Run the StartCompensation Cycle process.
D) 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.
E) 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 plandetails, Run the Start Compensation Cycle process.
5. Identify the correct option regarding the Payroll element details in the compensation history setup. (Choose the best answer.)
A) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.
B) Any payroll element can be added and all other details are auto-populated including the history category.
C) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
D) Any payroll element can be added and all other details are auto-populated excluding thehistory category.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: B,C,D,E | Question # 4 Answer: C | Question # 5 Answer: C |








