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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While configuring the Budget page, you are setting the properties of the job column.
Which two sections are available in the properties for the job column?

A) Default Value
B) Information
C) Legal Employee
D) General

2. You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available?

A) Allocation outside target range
B) Worker was terminated
C) Job changed in HR
D) Worker is on long-term leave
E) Grade changed in HR
F) Salary changed in HR

3. You want to use the Workforce Compensation Budget pool for a workforce compensation plan.
Select the task to be performed, in the correct sequence.
a)Configure the workforce compensation budget pool
b)Configure the workforce compensation plan details
c)Run the Start Compensation plan
d)Create at least one worksheet compensation component and associate the budget pool with it.

A) Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool. Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details
B) Create the workforce compensation plan, Configure the workforce compensation plan details. Configure the workforce compensation budget pool, Create at (east one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
C) Create the workforce compensation plan. Configure the workforce compensation budget pool,Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details. Run the Start Compensation Cycle process.
D) Create the workforce compensation plan. Configure the workforce compensation budget pool,Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
E) Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.

4. Identify the correct option regarding the Payroll element details in the compensation history setup.

A) 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.
B) Any payroll element can be added and all other details are auto-populated excluding the history category.
C) 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.
D) Any payroll element can be added and all other details are auto-populated including the history category.

5. ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?

A) Action and Action Reasons
B) Salary Component
C) Plan Access
D) Budget Pools
E) Plan Eligibility

Solutions: