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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Salary and Bonus Management | - Bonus and Incentive Plans - Salary Administration |
| Compensation Workflows and Approvals | - Approval Rules - Workflow Configuration |
| Compensation Foundations in Oracle Fusion HCM | - Role of Compensation in HCM Cloud - Overview of Compensation Structures |
| Reporting and Analysis | - Compensation Reporting - Analytics in Fusion HCM Compensation |
| Compensation Setup and Configuration | - Manage Compensation Plans - Eligibility Profiles - Salary Basis and Grades |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
1. The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?
A) The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.
B) The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.
C) The published amount stay with the manager when workers are reassigned or their eligibility changes.
D) The published budget is always a percentage of the total budget pool.
2. 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) Initiate budgets automatically by using the Start Compensation Cycle process.
B) Request excess budget allocation from the manager above him.
C) Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.
D) Publish the original budget to all managers, followed by publishing the extra budget to only the manager of the Electronics department.
3. 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 Source
C) Compensation Item
D) Compensation Category
4. 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) Budgets cannot be separate for each component.
D) Multiple components cannot have a single budget.
5. You are configuring Fusion HCM Compensation Management for a customer. Which three tasks are part of Plan Foundation Configuration Options?
A) Components
B) Alerts
C) Feedback Survey
D) Plan Currency
E) Plan Access
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: C,D | Question # 5 Answer: C,D,E |

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