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Oracle 1z0-495 Exam Syllabus Topics:

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

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation is implementing Oracle Fusion Compensation Management and has set up an Individual Compensation plan for contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels.

A) Resource
B) Management Chain
C) Position
D) Department Level
E) Job level
F) Supervisory


2. As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement?

A) Benefit Balance
B) Input Value
C) Deduction Range
D) Element Entry
E) Payroll Balance
F) Formula


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

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


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

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


5. While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps would he or she needto perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposaland submitting it for approval?

A) Resolve errors created by the uploaded file.
B) Filter the edits and upload only the edited fields.
C) Download and authenticate workbooks.
D) Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
E) Edit the workbook data.
F) Repeat the steps as many times as necessary to accommodate the revisions.


Solutions:

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

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