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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Total Compensation Statements | - Statement Definitions |
| Compensation Basics | - Salary and Compensation Components - Compensation Plan Concepts |
| Plan Configuration | - Eligibility and Profiles - Budgeting and Worksheets |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
1. 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.
2. 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) Multiple payroll elements can be attached a salary basis.
B) Payroll elements of any classification type can be attached to a salary basis.
C) 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.
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.
3. Which three statements are true regarding Plan Cycles?
A) All active plans are available to be cross-referenced, even plans with no started cycles.
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) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
E) Active plans are available to be cross-referenced, except plans with no started cycles.
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 not selected cannot allow multiple entries in the same period.
B) 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.
C) An element with the Automatic Entry option selected cannot allow multiple entries in the same period.
D) An element with the Automatic Entry option selected can allow multiple entries in the same period.
5. An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process.
A) Line Manager
B) Compensation Manager
C) Compensation Administrator
D) HR Specialist
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B,C,D | Question # 4 Answer: A | Question # 5 Answer: D |





