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Oracle 1z1-495 Exam Syllabus Topics:

SectionObjectives
Topic 1: Total Compensation Statements- Statement Definitions
Topic 2: Compensation Basics- Salary and Compensation Components
- Compensation Plan Concepts
Topic 3: Plan Configuration- Eligibility and Profiles
- Budgeting and Worksheets

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this?

A) Active plans are always shown in read-only mode once it is past the eligibility determination date.
B) Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.
C) Active plans are always shown in read-only mode until the Worksheet update period starts.
D) Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.


2. While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers achieve this?

A) This cannot be done once the population is finalized and the compensation cycle is started.
B) Use the sort feature in the worksheet to control this.
C) Use the Advanced Filter option in the worksheet to create a custom condition.
D) Control the population by using eligibility profiles.


3. While configuring the Budget page, you are setting the properties of the job column.
Which two sections are available in the properties for the job column?

A) Legal Employee
B) Default Value
C) Information
D) General


4. Identify the three choices when configuring approvals.

A) Auto approval
B) Submit mode
C) Alternative approve hierarchy
D) Approve mode


5. A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan with the following details.
-Name: Variable component -Restrict plan access: Yes -Action: Manage Contributions -Access Level: New -Allocations: Always Allow -Update Allocations: Never Allow -Discontinue Allocations: "Allowed during a specific period" with the period start and end dates
configured.
Identify the correct option for the actions possible.

A) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
B) The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
C) Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
D) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.


Solutions:

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

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