Oracle Oracle Certifications 1Z0-1049-22 Questions & Answers

• Question 131:

  A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up the Deductions options.

  If Deduction cards are supported at multiple levels, which task in the Setup and Maintenance Work area is used to create deduction card overrides at the Payroll Statutory Unit level? (Choose the best answer.)

  A. Manage Legal Reporting Unit Deduction Records

  B. Manage Legal Entity Deduction Records

  C. Manage Payroll Deductions

  D. Manage Personal Deductions

  Correct Answer: A

  Use the ManagePersonal Deductions task in the Payroll Calculations or Payroll Administration work area to create deduction card overrides at the payroll relationship level. If overrides are allowed, the Overrides Allowed on Deduction Cards tab appears in the Component Details section of the Manage Deduction Cards page when you select a deduction component. Click Create to define an override. The override value you enter varies based on the type of override item defined in the deduction range, as described in the previoussection. For example, you may enter a rate to be used in the deduction calculation or an amount to be added to the calculated amount. If your localization supports deduction cards at multiple levels, use the Manage Legal Entity Deduction Records task in the Setup and Maintenance work area to create deduction card overrides at the payroll statutory unit level. Use the Manage Legal Reporting Unit Deduction Records task in the Setup and Maintenance work area to create deduction card overrides at the tax reporting unit level.

• Question 132:

  A corporation has implementedOracle Fusion Workforce Compensation for a manufacturing client. As an implementation consultant, you are required to set up the Deduction elements to capture the employee's personal contributions.

  Which four can be categorized as Deduction components corresponding to payroll deduction elements? (Choose four.)

  A. Wage basis rules

  B. References for calculation factors

  C. Deduction group

  D. Elements

  E. Input values

  F. Flat amount

  G. Balance feeds

  Correct Answer: ABCD

  Reference:http://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20379/F597776AN358 E7.htm(Payroll Deduction Components at the Legislative Level: Examples)

• Question 133:

  While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr-2014 and 31-May-2014, respectively. However, when a manger logs into the workforce compensation area on 5Apr-2014, he is able to see the active plan, but in read- only mode.

  What could be the possible reason for this? (Choose the best answer.)

  A. Active plans are always shown in read-only mode until the Worksheet update period starts.

  B. Active plans are always shown in read-only mode form the Evaluation period start date, which is always prior to the Worksheet update date.

  C. Active plans are always shown in read-only mode once it is past the eligibility determination date.

  D. Active plans are always shown in read-only mode from the Plan Access start date, which is generally prior to the Worksheet update date.

  Correct Answer: B

• Question 134:

  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? (Choose four.)

  A. Element Entry

  B. Benefit Balance

  C. Formula

  D. Payroll Balance

  E. Deduction Range

  F. Input Value

  Correct Answer: ABCD

• Question 135:

  An organization uses Compensation Statement for its workers in theUK. One of the categories used in the statement has the display name as One-Time Bonus. As an implementation consultant, you are in the process of configuring a new Compensation Statement for workers in India. You decide to reuse the category for the new Compensation Statement. In the process of configuring the Statement Definition, you update the Compensation Category display name to Annual Bonus. However, when the Compensation Statement for workers in the UK displays, it continues to show the Category display name as One-Time Bonus.

  What is the cause for this? (Choose the best answer.)

  A. The Compensation Category display name is specific to a Statement Definition.

  B. The Compensation Statement Definition synchronization process needs to be run to updatethe Compensation Category display name in all statement definitions.

  C. After the Compensation Statement is generated for workers in India, the Category display name of Annual Bonus will start reflecting in the Compensation Statement of workers in the UK.

  D. Workers in the UK need to refresh their statements in order to see the updated display name.

  Correct Answer: C

• Question 136:

  Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation? (Choose the best answer.)

  A. Allocation exceeding target

  B. Employee termination

  C. Leave of Absence

  D. Any custom alert

  Correct Answer: C

  Reference:https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387136AN11E5B.ht m(see the note under worksheet)

• Question 137:

  What is the relationship between Net Pay and Earnings? (Choose the best answer.)

  A. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earningsminus all the deductions calculated for the run.

  B. Net Pay is a calculated balance that is standard earnings minus all the deductions calculated for the run.

  C. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earningsfor the run.

  D. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the non-voluntary deductions calculated for the run.

  Correct Answer: A

  Reference:https://docs.oracle.com/cd/E37583_01/fusionapps.1116/e20379/F720777AN425 A7.htm (remuneration)

• Question 138:

  Which item is false regarding plan access? (Choose the best answer.)

  A. Compensation administrators have access to all plan configuration tasks for all plans.

  B. Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.

  C. A compensation administrator's general access cannot be overridden.

  D. A compensation administrator's general access can be overridden using roles.

  Correct Answer: C

  Reference:https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387136AN11E5B.ht m(plan foundation, second bullet)

• Question 139:

  Whileimplementing, you are grouping compensation items and categories for displaying them together. Therefore, when planning how to group compensation items and categories, you must consider which three options? (Choose three.)

  A. Category Type

  B. ContributionType and Unit of Measure

  C. Level of detail

  D. Statement definitions

  E. Compensation Items

  F. Category Detail

  Correct Answer: ABC

  Group related compensation together into compensation categories for display in total compensation statements. Whenplanning how to group compensation items and categories for display, you must consider the following factors:

  Category type Contribution type and unit of measure Level of detail

  Reference:https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387366AN19E05.htm

• Question 140:

  If you enable Performance Ratings and rate workers within Workforce Compensation, which two statements are true? (Choose two.)

  A. Managers can rate workers as they allocate compensation.

  B. These ratings are used across compensation plan and cycles.

  C. The ratings are transferred to the Performance Management system or to HR.

  D. You can display compensation ratings given in the previous plan cycle as a column in the worksheet.

  Correct Answer: AD