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Oracle 1z1-495 Exam Syllabus Topics:

SectionObjectives
Plan Configuration- Eligibility and Profiles
- Budgeting and Worksheets
Compensation Basics- Compensation Plan Concepts
- Salary and Compensation Components
Total Compensation Statements- Statement Definitions

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question 1

While administering compensation for the workforce, Manager X accidentally approves a lower manager's. Which three statements will be true in this case?

A. The lower-level manager's access level is changed to "Approved."
B. The lower-level manager can still make changes in the worksheet and resubmit it for approval.
C. The worksheet goes to next level for approval.
D. The lower-level manager can withdraw the submission and reprocess the compensation allocation.


Question 2

Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y.
On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1October 2014. The employee record set up in the plan setting is "Employment terms," while the Legal
Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear?

A. Manager Z, because this is the current manager to whom Employee X is reporting
B. Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan.
C. Both Manager Y and Manager Z, because he has worked under both of them during the current cycle
D. Manager Y, because this is the original manager of Employee X


Question 3

What happens when you define Workforce Compensation Plan components but the employee to whom the compensation change is being administered does not have ant component in this or her salary?

A. The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that plan components must have a direct mapping with the employee's salary components.
B. The first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record.
C. The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.


Question 4

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 shows one-time payments in other compensation and allowances paid regularly in recurring payments.
C. Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
D. Compensation history displays six categories of compensation.


Question 5

Which two methods can be used by the Compensation Administrator to publish budgets?

A. Copy budget amounts from a previous cycle.
B. Publish budgets manually.
C. Publish budgets automatically by running the Build Model process.
D. Use a model to distribute budgets.


Solutions:

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

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