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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation has implemented Oracle Fusion Compensation Management. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue.

A) No components are defined to handle these salary adjustments.
B) Automatic entry is checked for the payroll element used.
C) Salary basis is configured to be non-updatable.
D) Automatic entry is checked at the element eligibility link for the payroll element used.

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

3. As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions?

A) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
B) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
C) Compensation items with sources belonging to different legal employers cannot be added.
D) Edits to compensation categories affect all statement definitions that use that category.
E) The statement definition acts as a template and determines the layout and content of the generated statement.
F) The statement definition consists of compensation items added to compensation categories.

4. Your client is a consumer goods wholesaler. The client's organization has five departments.
While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees to that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department?

A) Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.
B) Initiate budgets automatically by using the Start Compensation Cycle process.
C) Publish the original budget to all managers, followed by publishing the extra budget to only the manager of the Electronics department.
D) Request excess budget allocation from the manager above him.

5. A corporation is implementing Oracle Fusion Compensation Management and has set up an Individual Compensation plan for contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels.

A) Job level
B) Position
C) Resource
D) Department Level
E) Management Chain
F) Supervisory

Solutions: