Exam Code: 1z0-495
Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications
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Oracle 1z0-495 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Base Pay Configuration20%- Defining salary basis
- Configuring salary components
- Managing base pay structures
Topic 2: Individual Compensation20%- Setting up individual compensation plans
- Configuring compensation history
- Managing contributions and approvals
Topic 3: Workforce Compensation25%- Setting up worksheets, approvals, and access
- Designing compensation plans
- Configuring plan cycles and budgets
- Administering compensation changes and models
Topic 4: Total Compensation Statements15%- Generating and publishing statements
- Defining compensation statements
- Managing statement layouts
Topic 5: Elements, Formulas, and Eligibility20%- Describing element classifications and deductions
- Creating element eligibility criteria
- Managing fast formulas

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers achieve this?

  • A. Use the sort feature in the worksheet to control this.
  • B. This cannot be done once the population is finalized and the compensation cycle is started.
  • C. Control the population by using eligibility profiles.
  • D. Use the Advanced Filter option in the worksheet to create a custom condition.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?

  • A. Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
  • B. Access of a model is limited only to the creator of the model.
  • C. Managers can use a model created by compensation professionals.
  • D. Managers cannot share a model created by them.
  • E. A model can be shared with the direct reports of the creator.
  • F. Managers can create their own models and use them.
Reveal Solution  Discussion  0

Correct Answer: A,C,D,E  🗳️

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

  • A. Plan Currency
  • B. Plan Access
  • C. Feedback Survey
  • D. Alerts
  • E. Components
Reveal Solution  Discussion  0

Correct Answer: A,B,C  🗳️

You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?

  • A. Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."
  • B. Your user role does not have access to view the plan.
  • C. Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
  • D. The Compensation Administrator or equivalent role is not attached to your plan.
  • E. Access to the Compensation Administrator role is restricted in Plan Access.
Reveal Solution  Discussion  0

Correct Answer: A,B,E  🗳️

A Corporation has implemented Oracle Fusion Compensation for a manufacturing client. Per the business requirements, the Fusion consultant must integrate Oracle Fusion Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amount as one of the input values for the Benefit element to get the eligible salary of the employee for the compensation process.
Identify the option that will enable the fetching of Benefits Amount.

  • A. Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.
  • B. Create an "Amount" input value at the element eligibility link level.
  • C. Select "Pay Separately" as the "Special Purpose" option.
  • D. Database items are created by default for the element input values.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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