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Oracle 1z1-495 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Individual Compensation20%- Managing contributions and approvals
- Configuring compensation history
- Setting up individual compensation plans
Topic 2: Elements, Formulas, and Eligibility20%- Managing fast formulas
- Creating element eligibility criteria
- Describing element classifications and deductions
Topic 3: Total Compensation Statements15%- Defining compensation statements
- Managing statement layouts
- Generating and publishing statements
Topic 4: Base Pay Configuration20%- Configuring salary components
- Defining salary basis
- Managing base pay structures
Topic 5: Workforce Compensation25%- Setting up worksheets, approvals, and access
- Configuring plan cycles and budgets
- Designing compensation plans
- Administering compensation changes and models

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers achieve this?

A) This cannot be done once the population is finalized and the compensation cycle is started.
B) Use the Advanced Filter option in the worksheet to create a custom condition.
C) Control the population by using eligibility profiles.
D) Use the sort feature in the worksheet to control this.


2. Which three statements are true regarding Plan Cycles?

A) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
B) You can display a target amount or custom score from a previous plan cycle In the current plan cycle.
C) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
D) Active plans are available to be cross-referenced, except plans with no started cycles.
E) All active plans are available to be cross-referenced, even plans with no started cycles.


3. The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?

A) Use both Performance Management ratings and compensation ratings.
B) Integrate with Oracle Fusion Goal Management.
C) Integrate with Oracle Fusion Profile Management.
D) Integrate with Oracle Fusion Performance Management.
E) Use compensation performance ratings.


4. As an implementation consultant, you are defining entry values for an element in the Fusion application.
Which statement about selecting the rules for the element's entry value is true?

A) An element with the Automatic Entry option selected can allow multiple entries in the same period.
B) An element with the Automatic Entry option selected cannot allow multiple entries in the same period.
C) An element with the Automatic Entry option selected can allow multiple entries in the same period, and an element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
D) An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.


5. A compensation manager of a corporation is setting up a new salary basis for the employees. Which statement is true about payroll elements set up for a salary basis?

A) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.
B) Payroll elements of any classification type can be attached to a salary basis.
C) Multiple payroll elements can be attached a salary basis.
D) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.


Solutions:

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

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