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Oracle 1z0-495 Exam Syllabus Topics:

SectionObjectives
Topic 1: Total Compensation Statements- Statement Definitions
Topic 2: Plan Configuration- Budgeting and Worksheets
- Eligibility and Profiles
Topic 3: Compensation Basics- Compensation Plan Concepts
- Salary and Compensation Components

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question 1

A Corporation has implemented Oracle Fusion Compensation for a manufacturing client.
Which is the building block used in the calculation of deductions and exemptions?

A. Deduction range groups
B. Deduction range Values
C. Deduction overrides
D. Deduction ranges


Question 2

Identify the three choices when configuring approvals.

A. Submit mode
B. Auto approval
C. Approve mode
D. Alternative approve hierarchy


Question 3

A Corporation has implemented Oracle Fusion Compensation for a manufacturing client. Per the business requirements, the Fusion consultant must integrate Oracle Fusion Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amount as one of the input values for the Benefit element to get the eligible salary of the employee for the compensation process.
Identify the option that will enable the fetching of Benefits Amount.

A. Database items are created by default for the element input values.
B. Select "Pay Separately" as the "Special Purpose" option.
C. Create an "Amount" input value at the element eligibility link level.
D. Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.


Question 4

Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client?

A. Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.
B. This is possible only in the on-premises model using customization and is not possible inan SaaS instance. Therefore, you would respond accordingly to the client.
C. Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
D. Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.


Question 5

A corporation implemented Oracle Fusion Compensation Management. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true?

A. The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
B. A new Grade rate can be created and the Salary basis can be modified to include it.
C. After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate.
D. No new Grade rate can be created.


Solutions:

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

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