Oracle 1z0-495 : Oracle Fusion HCM: Compensation 2014 Essentials
- Exam Code: 1z0-495
- Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
- Updated: Oct 06, 2026
- Q & A: 71 Questions and Answers
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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Compensation Foundations in Oracle Fusion HCM | - Overview of Compensation Structures - Role of Compensation in HCM Cloud |
| Reporting and Analysis | - Compensation Reporting - Analytics in Fusion HCM Compensation |
| Compensation Workflows and Approvals | - Approval Rules - Workflow Configuration |
| Compensation Setup and Configuration | - Eligibility Profiles - Manage Compensation Plans - Salary Basis and Grades |
| Salary and Bonus Management | - Bonus and Incentive Plans - Salary Administration |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
What happens when you define Workforce Compensation Plan components but the employee to whom the compensation change is being administered does not have ant component in this or her salary?
- A. The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that plan components must have a direct mapping with the employee's salary components.
- B. The first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record.
- C. The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.
Correct Answer: B 🗳️
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 Category
- D. Compensation Item
Correct Answer: D 🗳️
As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.
Select the correct sequence to construct a total compensation statement.
- A. Create compensation items >> attach the items to compensation categories >> arrange categories hierarchically in the statement definition >> specify the statement period and display options >> generate the statement.
- B. Create compensation items >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories >> generate the statement.
- C. Create compensation items >> generate a statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories.
- D. Create compensation items >> attach the items to compensation categories >> generate the statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition.
Correct Answer: D 🗳️
A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?
- A. From the Legislative Data Group level, because that is the highestlevelin the hierarchy
- B. From the organization payment level, because the compensation is finally paid through this
- C. From the input value of the payroll element
- D. From the Bank account level
Correct Answer: A 🗳️
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. Edit the workbook data.
- B. Resolve errors created by the uploaded file.
- C. Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
- D. Repeat the steps as many times as necessary to accommodate the revisions.
- E. Filter the edits and upload only the edited fields.
- F. Download and authenticate workbooks.
Correct Answer: B,C,E,F 🗳️
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