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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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 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.
B) 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.
C) 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
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,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.

2. Which two methods can be used by the Compensation Administrator to publish budgets?

A) Publish budgets automatically by running the Build Model process.
B) Use a model to distribute budgets.
C) Publish budgets manually.
D) Copy budget amounts from a previous cycle.

3. 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?

A) Compensation Source
B) Compensation Statement Definition
C) Compensation Category
D) Compensation Item

4. A corporation has implemented Oracle Fusion Compensation Management. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue.

A) No components are defined to handle these salary adjustments.
B) Automatic entry is checked for the payroll element used.
C) Salary basis is configured to be non-updatable.
D) Automatic entry is checked at the element eligibility link for the payroll element used.

5. You are configuring Fusion HCM Compensation Management for a customer. Which three tasks are part of Plan Foundation Configuration Options?

A) Components
B) Plan Access
C) Feedback Survey
D) Alerts
E) Plan Currency

Solutions: