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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?

A) The published amount stay with the manager when workers are reassigned or their eligibility changes.
B) The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.
C) The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.
D) The published budget is always a percentage of the total budget pool.

2. After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation. The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this?

A) Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
B) Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
C) Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original form, if needed.
D) Use the Edit button in the Employee's included area while creating a model to exclude the employee.

3. Which five tasks can be performed by a compensation manager?

A) Review and approve work of Superior Manager.
B) Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.
C) Determine compensation amounts offline by downloading details to a spreadsheet.
D) Promote and rate worker performance while allocating compensation.
E) Allocate compensation.
F) Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.

4. What are the two correct options with respect to budgeting when the salary has multiple components?

A) Budgets cannot be separate for each component.
B) Multiple components can have a single budget.
C) Multiple components cannot have a single budget.
D) Budgets can be separate for each component.

5. You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?

A) Access to the Compensation Administrator role is restricted in Plan Access.
B) Your user role does not have access to view the plan.
C) Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."
D) Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
E) The Compensation Administrator or equivalent role is not attached to your plan.

Solutions: