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Oracle 1z0-495 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion HCM: Compensation 2014 Essentials |
| Exam Number: | 1z0-495 |
| Certificate Validity Period: | Retired; no longer active |
| Exam Price: | $245 USD |
| Real Exam Qty: | 71 |
| Exam Duration: | 120 minutes |
| Passing Score: | 62% |
| Available Languages: | English |
| Exam Format: | Multiple Choice, Multiple Select |
| Related Certifications: | Oracle Fusion Human Capital Management |
| Recommended Training: | Oracle Fusion HCM: Compensation 2014 Implementation Training |
| Exam Registration: | Oracle Certification Portal Pearson VUE |
| Sample Questions: | Oracle 1z0-495 Sample Questions |
| Exam Way: | In-person at Pearson VUE test centers or online proctored (before retirement) |
| Pre Condition: | No mandatory prerequisites; recommended hands-on experience with Oracle Fusion HCM Compensation |
| Official Syllabus URL: | https://education.oracle.com/ |
Oracle 1z0-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Individual Compensation | 20% | - Setting up individual compensation plans - Managing contributions and approvals - Configuring compensation history |
| Elements, Formulas, and Eligibility | 20% | - Describing element classifications and deductions - Managing fast formulas - Creating element eligibility criteria |
| Workforce Compensation | 25% | - Administering compensation changes and models - Configuring plan cycles and budgets - Setting up worksheets, approvals, and access - Designing compensation plans |
| Total Compensation Statements | 15% | - Generating and publishing statements - Defining compensation statements - Managing statement layouts |
| Base Pay Configuration | 20% | - Managing base pay structures - Defining salary basis - Configuring salary components |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?
- A. Compensation items are added to a compensation category to include them in statements.
- B. Compensation items can be added to statement definitions directly.
- C. Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
- D. Compensation items are the foundation upon which the Compensation Statement is built.
- E. Compensation items cannot be used across statement definitions.
Correct Answer: B,E 🗳️
While implementing Oracle Fusion Compensation Management for client XYZ, you are grouping compensation items and categories for displaying them together. Therefore, when planning how to group compensation items and categories, you must consider which three options?
- A. Category Type
- B. Level of detail
- C. Statement definitions
- D. Contribution Type and Unit of Measure
- E. Category Detail
- F. Compensation Items
Correct Answer: B,D,F 🗳️
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. Compensation history displays six categories of compensation.
- B. Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
- C. Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
- D. The summary in the compensation history shows the data for only five years.
Correct Answer: A,C,D 🗳️
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 cannot allow multiple entries in the same period.
- B. An element with the Automatic Entry option not 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.
- D. 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.
Correct Answer: B 🗳️
A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items.
How will you configure this requirement in the Fusion application?
- A. Attach performance bonuses to similar elements.
- B. Attach performance bonuses to similar compensation categories/subcategories.
- C. Attach performance bonuses to similar sources.
- D. Attach performance bonuses to similar compensation items.
Correct Answer: A 🗳️
By Odelia
