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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Identify the four correct options about the summary tables in the compensation history. (Choose four.)

A) The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.
B) The Salary summary table gives detailed information about salary history, percentagechange, compa-ratio, and growth rate.
C) The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.
D) The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.
E) The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.

2. You have created a compensation plan and configured the plan details. However, when you try to run the
"Start Compensation Cycle" process, you are not able to see the plan you created in the list that appears.
Which three options could be possible reasons for this? (Choose three.)

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

3. After the compensation plan was configured, the Validate Plan Setup process was run successfully with no warnings or errors. However, when the worksheet is accessed by a Line Manager, the Line Manager notices that employees who are ineligible are also visible in the worksheet despite running the Validate Plan Setup process.
What is the reason for this?(Choose the best answer.)

A) The compensation administrator did not run the Validate Plan Setup process and run the Start Compensation Cycle process instead.
B) The Validate Plan Setup process does not validate eligibility profiles.
C) The Validate Plan Setup process showed a warning about errors on the eligibility profiles, which was ignored by the compensation administrator.
D) The Validate PlanSetup process failed to report errors from the eligibility profiles.

4. A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it. (Choose the best answer.)

A) Set up access restrictions to the individual compensation plan using the correct HR action so that it can be added only to the specific roles.
B) Set up role-based security to the individual compensationwork area so that only managers are allowed.
C) They payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
D) Set up a salary basis and restrict the eligibility to the required roles.

5. Plan access restrictions control the situations in which an individual compensation plan is available for allocations or contributions by a line manager or worker, and regulate a user's ability to create, update, or discontinue allocations or contributions under the plan. What are three common decisions to make about plan access? (Choose three.)

A) if there should be a "white list" name criteria for access to the plan
B) If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle
C) if planaccess should be related to HR actions
D) if there should be a time period in which a user can create, update, or discontinue allocations or contributions
E) whether or not to restrict access to the plan at all
F) If user access should be based on career levels or earnings thresholds

Solutions: