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Oracle 1z0-495 Exam Syllabus Topics:

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

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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


2. You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available?

A) Job changed in HR
B) Worker is on long-term leave
C) Salary changed in HR
D) Grade changed in HR
E) Allocation outside target range
F) Worker was terminated


3. Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track work experience of people?

A) Employment-based eligibility criteria using hire date
B) User-defined-criteria-based eligibility profile using hire date
C) Employment-based-eligibility-criteria using length of service
D) Derived-factor-based eligibility criteria using length of service


4. When upper-level managers change the plan access of one or more lower-/eve/ managers, they receive a notification informing them about the change in access. Which option do the/ receive to act on the notification?

A) Reject
B) Accept
C) Reply
D) Dismiss


5. As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?

A) Compensation items are the foundation upon which the Compensation Statement is built.
B) Compensation items can be added to statement definitions directly.
C) Compensation items cannot be used across statement definitions.
D) Compensation items are added to a compensation category to include them in statements.
E) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.


Solutions:

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

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