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Oracle 1z0-495 Exam Syllabus Topics:

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

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?

A) Before deleting the item, you must configure a zero value behavior for the item.
B) The above scenario does not stand true as the item can be deleted.
C) The item cannot be deleted, because it is attached to a category.
D) More than one administrator might be using the item and, therefore, it cannot be deleted.


2. While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps would he or she needto perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposaland submitting it for approval?

A) Repeat the steps as many times as necessary to accommodate the revisions.
B) Download and authenticate workbooks.
C) Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
D) Resolve errors created by the uploaded file.
E) Filter the edits and upload only the edited fields.
F) Edit the workbook data.


3. Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?

A) Legislative Information
B) Compensation History
C) AssignmentTables
D) Person Attributes


4. As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.
Select the correct sequence to construct a total compensation statement.

A) Create compensation items >> attach the items to compensation categories >> generate the statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition.
B) Create compensation items >> generate a statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories.
C) Create compensation items >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories >> generate the statement.
D) Create compensation items >> attach the items to compensation categories >> arrange categories hierarchically in the statement definition >> specify the statement period and display options >> generate the statement.


5. Which three dates are mandatory while creating plan cycles?

A) Default Due Date
B) Worksheet Update Period Start Date
C) Plan Access Start Date
D) Evaluation Period Start Date
E) HR Data Extraction Date


Solutions:

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

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