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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question #1
As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement?

A. Formula
B. Element Entry
C. Benefit Balance
D. Payroll Balance
E. Deduction Range
F. Input Value

Question #2
A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant must create an element eligibility link for an Earnings element.
While creating the element eligibility link, which three options can be set up in the element eligibility work area?

A. General information
B. Costing
C. Auto indirect rules
D. Input values
E. Retroactive components
F. Status processing rules

Question #3
What are the two correct options with respect to budgeting when the salary has multiple components?

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

Question #4
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 the foundation upon which the Compensation Statement is built.
B. Compensation items are added to a compensation category to include them in statements.
C. Compensation items cannot be used across statement definitions.
D. Compensation items can be added to statement definitions directly.
E. Compensation items need not be mapped to the specific source from which the compensation information is retrieved.

Question #5
A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage?

A. Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.
B. No Impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
C. Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
D. Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.

Solutions: