Exam Code: 1z0-1062-21
Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Incentive Compensation
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Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionWeightObjectives
Participants, Payments, and Reporting15%- Maintenance and Troubleshooting
- Participant Setup and Hierarchies
- Analytics, Dashboards, and Reports
- Paysheets and Payment Administration
Overview of Incentive Compensation Cloud15%- Security and Access Control
- Implementation Methodology
- Key Concepts and Architecture
Core Setup and Configuration25%- Calendars, Periods, and Currencies
- Enterprise Structure and Reference Data
- Profile Options and Parameters
Compensation Plans and Components25%- Performance Measures and Formulas
- Plan Design and Creation
- Earnings and Calculation Logic
- Rate Tables and Tiers
Classification and Crediting20%- Crediting Hierarchies and Rules
- Transaction Classification Rules
- Processing Transactions

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Acustomer wants to credit one of its sales managers to receive direct credit for each sale in a particular state How can you accomplish this?

A) Create a direct credit rule, assign this participant as a credit receiver, and set 'State' as a Qualifier.
B) Create a team credit rule for this state and assign the participant as a credit receive
C) Create a rollup hierarchy rule and assign the participant as a credit receiver.
D) Create a direct credit rule, assign all participants reporting to this participant as credit receivers, and set
'State' as qualifier


2. In which section of the Home screen dousers receive notifications generated by the Approvals functionality?

A) Worklist: Notifications and Approvals
B) Activity Stream
C) BPM Worklist
D) Approval Manager


3. You have been asked to create a report by using internal and external data sources. Identify Oracle's recommended approach for building a custom report.

A) BI Answers
B) BI Publisher
C) OTBI Reports
D) BI Analytics


4. Which two statements are true when you create an expression?

A) You can use the metrics of a plan component but not of a performance measure in your expression.
B) You can use the metrics of a performance measure but not of a plan component in your expression.
C) You can use the metrics of both plan components andperformance measures in your expression.
D) An expression like Credit.Credit Amount* SUM(Credit.Quantity) will be valid because the application allows you to mix aggregate functions with nonaggregated transactional attributes in the same expression.
E) Anexpression like Credit.Credit__Amount*SUM(Credit.Quantity) will be invalid because the application does not allow you to mix aggregate functions with nonaggregated transactional attributes in the same expression.


5. Which two statements are true for individualized compensation plan values?

A) Individualized ratevalues for a participant take precedence over original compensation plan rate values.
B) A participant can personalize the compensation plan view if the Individualize option is selected.
C) A participant's manager can personalize the compensation plan view if the Individualize option is selected.
D) Individualized compensation plan values summarize transactions during the Calculation phase.
E) Individualized compensation plan values can reduce the number of plans that you actually have to create and manage.


Solutions:

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

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