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Oracle 1z0-495 Exam Syllabus Topics:

SectionObjectives
Compensation Workflows and Approvals- Workflow Configuration
- Approval Rules
Salary and Bonus Management- Bonus and Incentive Plans
- Salary Administration
Compensation Setup and Configuration- Salary Basis and Grades
- Manage Compensation Plans
- Eligibility Profiles
Reporting and Analysis- Analytics in Fusion HCM Compensation
- Compensation Reporting
Compensation Foundations in Oracle Fusion HCM- Role of Compensation in HCM Cloud
- Overview of Compensation Structures

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. As an implementation consultant, you are defining entry values for an element in the Fusion application.
Which statement about selecting the rules for the element's entry value is true?

A) An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
B) An element with the Automatic Entry option selected can allow multiple entries in the same period.
C) An element with the Automatic Entry option selected cannot allow multiple entries in the same period.
D) 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.


2. The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?

A) Integrate with Oracle Fusion Profile Management.
B) Integrate with Oracle Fusion Performance Management.
C) Use both Performance Management ratings and compensation ratings.
D) Integrate with Oracle Fusion Goal Management.
E) Use compensation performance ratings.


3. Identify the three correct statements for an alternate approver hierarchy.

A) You can create multiple approvers for the same manager.
B) The alternate approver must be a part of the regular plan hierarchy.
C) The highest Approval sequence is the final approver.
D) By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.


4. 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 >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories >> generate the statement.
C) 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.
D) 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.


5. Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?

A) AssignmentTables
B) Person Attributes
C) Compensation History
D) Legislative Information


Solutions:

Question # 1
Answer: A
Question # 2
Answer: A,C,E
Question # 3
Answer: A,C,D
Question # 4
Answer: D
Question # 5
Answer: A,B

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