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Oracle 1Z0-1049-21 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Compensation Cloud 2021 Implementation Essentials
Exam Number:1Z0-1049-21
Exam Format:Multiple Choice, Scenario-based
Real Exam Qty:55
Exam Price:$245 USD
Certificate Validity Period:Subject to Oracle Cloud Recertification Policy
Exam Duration:90 minutes
Available Languages:English
Related Certifications:Oracle Workforce Rewards Cloud
Passing Score:66%
Recommended Training:Oracle Compensation Cloud 2021 Implementation Training
Exam Registration:Oracle University Exam Page
Pearson VUE Registration
Sample Questions:Oracle 1Z0-1049-21 Sample Questions
Exam Way:Online proctored or Onsite at Pearson VUE test centers
Pre Condition:No formal prerequisites; implementation experience recommended
Official Syllabus URL:https://education.oracle.com/oracle-compensation-cloud-2021-certified-implementation-specialist/pexam_1Z0-1049-21

Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Elements, Balances, and Formulas- Write Fast Formulas
- Define Elements
- Manage Balances
Topic 2: Workforce Compensation Plans- Plan Configuration
  • 1. Worksheet Configuration
    • 2. Budget Setup
      • 3. Plan Access
        • 4. Column and Component Design
          Topic 3: Compensation Foundation- Compensation Components Setup
          • 1. Compensation Categories
            • 2. Eligibility Profiles
              • 3. Compensation Objects
                Topic 4: Individual Compensation- Awards and Compensation Management
                • 1. Spot Bonuses
                  • 2. Individual Compensation Plans
                    • 3. Compensation History
                      Topic 5: Workforce Compensation Processing- Compensation Cycle Management
                      • 1. Transfer Data to HR
                        • 2. Plan Validation
                          • 3. Batch Processes
                            • 4. Refresh and Publish Data
                              Topic 6: Total Compensation Statements- Statement Configuration
                              • 1. Statement Definitions
                                • 2. Display Components
                                  • 3. Generate Statements
                                    Topic 7: Compensation Analytics and Reporting- Audit and Monitoring
                                    - Workforce Compensation Reports
                                    - Compensation Analytics
                                    Topic 8: Base Pay- Salary Administration
                                    • 1. Manage Base Pay
                                      • 2. Salary Components
                                        • 3. Salary Basis
                                          • 4. Grade Rates
                                            • 5. Compensation Zones

                                              Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

                                              1. Which statement is correct about secondary element classifications? (Choose the best answer.)

                                              A) They are user-defined and can be edited.
                                              B) They are predefined and cannot be edited.
                                              C) They are predefined andcan be edited.
                                              D) They are user-defined and cannot be edited.


                                              2. A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
                                              Identify the option that indicates the correct way of implementing it. (Choose the best answer.)

                                              A) Set up a salary basis and restrict the eligibility to the required roles.
                                              B) Set up access restrictions to the individual compensation plan using the correct HR action so that it can be added only to the specific roles.
                                              C) They payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
                                              D) Set up role-based security to the individual compensationwork area so that only managers are allowed.


                                              3. A corporation has implemented Oracle Fusion Workforce Compensation for a manufacturing client. Which is the building block used in the calculation of deductions and exemptions? (Choose the best answer.)

                                              A) Deduction range group
                                              B) Deduction range Values
                                              C) Deduction overrides
                                              D) Deduction ranges


                                              4. An Organization tracks compensation that is not stored in the Benefit Balance, Element Entry, External Data, and Payroll Balance source types. Which three statementsare true about configuring Compensation Items for a Compensation Statement? (Choose three.)

                                              A) Manager ID can be used as Context when implementing the source type for such Items.
                                              B) Legislative Data Group ID can be used as Context when implementing the source type for such Items.
                                              C) Effective Date can be used as Context when implementing the source type forsuch Items.
                                              D) Person ID can be used as Context when implementingthe source type for such Items.
                                              E) Currency can be used as Context when implementing the source type for such Items.


                                              5. Identify the correct option regarding the Payroll element details in the compensation history setup. (Choose the best answer.)

                                              A) Any payroll element can be added and all other details are auto-populated excluding thehistory category.
                                              B) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
                                              C) Any payroll element can be added and all other details are auto-populated including the history category.
                                              D) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.


                                              Solutions:

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

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