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Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Transaction Processing and Reporting- Transaction classification and calculation
- Reporting, dashboards, and analytics
Topic 2: Understanding Oracle Incentive Compensation Cloud- Exam objectives and exam focus areas
- Core implementation tasks and functional setup topics
Topic 3: Administering the Incentive Compensation System- Participant and role management
- Classification and crediting setup
Topic 4: Configuring Incentive Compensation Plans- Performance measures and plan components
- Creation and management of compensation plans

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A compensation analyst wants to pay commissions calculated for period 4 that were initially missed. The current datefalls into period 8, and the last paid payment batch was in period 7.
Identify two options available for the compensation analyst to pay for period 4 commissions.

A) Create and pay a payment batch for period 8.
B) Create and pay another payment batch for period 4.
C) Create and pay another payment batch for period 6.
D) Create and pay another payment batch for period 7.
E) Create and pay another payment batch for period 5.


2. Which asset typo must you select for searching web service in Oracle Enterprise Repository?

A) ADF Service
B) ADF service Data Object
C) Composite Service
D) Composite


3. An Incentive Compensation administrator has set up the 'Point Rewards' as earning type. However, the Sales team has not received the cash compensation during the payout processing.
Which statement istrue to identify the root cause of the error?

A) The administrator must select the 'Convert into monetary earning' check box while defining the non-monetary earning type 'Point Rewards'. This allows IC to calculate incentive into cash compensation.
B) The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.
C) The administrator has not associated the participants with the plan components where earning type is
'Point Rewards'.
D) The administrator must have defined'Point Rewards' as a monetary earning type.
E) The 'Point Rewards' is a non monetary earning type and the Oracle FUSION IC cannot calculate the rash compensation because the earning type is a non-monetary earning type.


4. A company pays commission based on the source of the transaction and the margin on the transaction.
If the source is 'ABC' and margin is between 0 and 10 percent, the rate should be 1.5 percent.
If the source is 'ABC' and margin is 10 percent and above, the rate should be 3 percent.
If the source is 'XYZ'and margin is between 0 and 10 percent,the rata should be 2 percent.
If the source is 'XYZ' and margin is 10 percent and above, the rate should be 4 percent.
Which two procedures can you use to set this up?

A) Option D
B) Option A
C) Option E
D) Option C
E) Option B


5. A client wants to associate both monthly and quarterly calendars with an incentive compensation business unit. Which method do you use to set up multiple calendars for incentive compensation business units?

A) Go to theManage Calendars in the Define Incentive Compensation Shared Configuration task list and associate the business unit with a desired period type.
B) Go to the Manage Calendars task in the Define Incentive Compensation Shared Configuration task list and associate the same business unit with both calendars.
C) Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select a calendar; only one calendar can be selected.
D) Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select both calendars.


Solutions:

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

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