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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Individual Compensation | 20% | - Setting up individual compensation plans - Configuring compensation history - Managing contributions and approvals |
| Total Compensation Statements | 15% | - Managing statement layouts - Defining compensation statements - Generating and publishing statements |
| Base Pay Configuration | 20% | - Configuring salary components - Defining salary basis - Managing base pay structures |
| Workforce Compensation | 25% | - Setting up worksheets, approvals, and access - Designing compensation plans - Configuring plan cycles and budgets - Administering compensation changes and models |
| Elements, Formulas, and Eligibility | 20% | - Describing element classifications and deductions - Creating element eligibility criteria - Managing fast formulas |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
Question 1
A Corporation has implemented Oracle Fusion Compensation for a manufacturing client. Per the business requirements, the Fusion consultant must integrate Oracle Fusion Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amount as one of the input values for the Benefit element to get the eligible salary of the employee for the compensation process.
Identify the option that will enable the fetching of Benefits Amount.
A. Select "Pay Separately" as the "Special Purpose" option.
B. Create an "Amount" input value at the element eligibility link level.
C. Database items are created by default for the element input values.
D. Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.
Question 2
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. Element Entry
B. Payroll Balance
C. Input Value
D. Deduction Range
E. Benefit Balance
F. Formula
Question 3
After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation. The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this?
A. Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
B. Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
C. Use the Edit button in the Employee's included area while creating a model to exclude the employee.
D. Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original form, if needed.
Question 4
Oracle Fusion Compensation has nine predefined salary components. Your client has a requirement that allow a salary adjustment based on the number of dependants the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called "Family Allowance".
Which option would you use to achieve this?
A. The Compensation Models
B. It is not possible to achieve this, because only the delivered salary component can be used
C. The Configure Compensation Component task Manager plans
D. The Salary Component Lookup
Question 5
As compensation administrator, you are required to show "Actual Amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created?
A. Compensation Statement Definition
B. Compensation Category
C. Compensation Item
D. Compensation Source
Solutions:
| Question 1 Answer: B | Question 2 Answer: A,B,C,E | Question 3 Answer: D | Question 4 Answer: B | Question 5 Answer: C |




