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Oracle Fusion HCM: Compensation 2014 Essentials : 1z1-495
- Exam Code: 1z1-495
- Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
- Updated: Oct 03, 2026
- Q & A: 71 Questions and Answers
About Oracle Fusion HCM: Compensation 2014 Essentials : 1z1-495 Exam
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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Base Pay Configuration | 20% | - Configuring salary components - Managing base pay structures - Defining salary basis |
| Individual Compensation | 20% | - Configuring compensation history - Managing contributions and approvals - Setting up individual compensation plans |
| Total Compensation Statements | 15% | - Generating and publishing statements - Managing statement layouts - Defining compensation statements |
| Workforce Compensation | 25% | - Configuring plan cycles and budgets - Designing compensation plans - Administering compensation changes and models - Setting up worksheets, approvals, and access |
| Elements, Formulas, and Eligibility | 20% | - Creating element eligibility criteria - Managing fast formulas - Describing element classifications and deductions |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
Question #1
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 🗳️
Question #2
Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y.
On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1October 2014. The employee record set up in the plan setting is "Employment terms," while the Legal
Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear?
- A. Manager Z, because this is the current manager to whom Employee X is reporting
- B. Both Manager Y and Manager Z, because he has worked under both of them during the current cycle
- C. Manager Y, because this is the original manager of Employee X
- D. Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan.
Correct Answer: B 🗳️
Question #3
You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?
- A. The Compensation Administrator or equivalent role is not attached to your plan.
- B. Access to the Compensation Administrator role is restricted in Plan Access.
- C. Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
- D. Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."
- E. Your user role does not have access to view the plan.
Correct Answer: B,D,E 🗳️
Question #4
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 🗳️
Question #5
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. Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.
- D. Database items are created by default for the element input values.
Correct Answer: B 🗳️
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