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Oracle 1z1-495 Exam Syllabus Topics:
Section
Weight
Objectives
Topic 1: Individual Compensation
20%
- Configuring compensation history
- Setting up individual compensation plans
- Managing contributions and approvals
- Creating element eligibility criteria
- Managing fast formulas
- Describing element classifications and deductions
Topic 4: Workforce Compensation
25%
- Configuring plan cycles and budgets
- Designing compensation plans
- Administering compensation changes and models
- Setting up worksheets, approvals, and access
A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history. Identify the three correct options regarding the various compensations shown in the history.
A. The summary in the compensation history shows the data for only five years.
B. Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
C. Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
D. Compensation history displays six categories of compensation.
A corporation is implementing Oracle Fusion Compensation Management and must set up Compensation history. Identify the three correct options regarding the salary component.
A. The Base rate shown in the salary section is the most recent pay rate.
B. The base rate shown in the previous years is the pay rate on 31 December of each year.
C. The growth rate shown in the details shows both cumulative and average annual salary growth rates.
D. The Base rate shown in the salary section is the average of the pay rate for the entire year.
A corporation is implementing Oracle Fusion Compensation Management and needs to set up the following for all employees: -Salary paid based on the grades of employees. -Car allowance paid based on the department and position -Spot bonus paid based on a committee's decision. Identify the correct option for the setup.
A. Set up one individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.
B. Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.
C. Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan- Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
D. Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.
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 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 not 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.
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