1Z0-1049-22 Oracle Compensation Cloud 2022 Implementation Professional Exam

Format: Multiple Choice
Duration: 90 Minutes
Number of Questions: 55
Passing Score: 66%
Validation: This exam has been validated against 22A/22B
Policy: Cloud Recertification

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Oracle Compensation Cloud 2022 Certified Implementation Professional

Prepare to pass exam: 1Z0-1049-22
An Oracle Compensation Cloud 2021 Certified Implementation Professional exam demonstrates the required knowledge to sell and implement Oracle HCM Cloud Service solutions. Individuals who earn this certification are familiar with Base Pay, Individual Compensation, Workforce Compensation, and Total Compensation Statements.

Take recommended training
Complete one of the courses below to prepare for your exam (optional):

Additional Preparation and Information
A combination of Oracle training and hands-on experience (attained via labs and/or field experience), in the learning subscription, provides the best preparation for passing the exam.

Review exam topics
Elements, Balances, and Formulas
Earnings and Deduction Elements

Base Pay
Explain salary basis
Describe salary components
Manage base pay
Set up grade rates
Manage Salary Range Differentials
Explain Progression Grade Ladders
Manage Grade Ladder Groups
Perform Progression Processes
Configure Compensation Zones

Individual Compensation
Explain individual compensation plans
Describe variable allocation approvals
Configure compensation history
Manage personal contributions
Configure individual compensation

Workforce Compensation
Explain compensation plan design choices
Manage and administer compensation plans
Set up plan cycles
Configure budget page layouts
Configure performance ratings
Implement approvals
Administer compensation plans
Configure plan access
Manage compensation change statements
Configure compensation worksheets
Manage models and budgets

Total Compensation Statements
Explain total compensation statements
Manage statement definitions
Generate total compensation statements
Configure compensation items
Set up compensation categories

Workforce Compensation Plans and Batch Processes
Validate workforce compensation plans
Implement compensation processes
Execute related batch processes

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QUESTION 1
You client has a requirement that allows a salary adjustment based on the number of dependents the
employee has, and this allowance must be mapped to a separate component. Because this allowance
cannot have a logical mapping with any of the predefined components, you decide to create a new
salary component called “Family Allowance”.
Which option would you use to achieve this? (Choose the best answer.)

A. The Configure Compensation Component task in Manage plans
B. The Salary Component Lookup
C. It is not possible to achieve this, because only the delivered salary components can be used.
D. The Compensation Models

Answer: B

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QUESTION 2
A corporation implemented Fusion Compensation and must run a compensation cycle. The corporation has seven different active components in the salary basis. Salaries of all the employees must be updated in bulk mode.
Which statement is true about the bulk update using Integrated Workbook? (Choose the best answer.)

A. Integrated Workbook can be used to update all the seven components.
B. Only the first four active components will be loaded at a time by Integrated Workbook.
C. Only the first five active components will be loaded at a time by Integrated Workbook.
D. Only the first six active components will be loaded at a time by Integrated Workbook.

Answer: C

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QUESTION 3
Which two statements are true about Base Pay? (Choose two.)

A. For Base Pay earnings elements, eligibility is determined by the salary basis that is assigned to the worker.
B. You attach elements at various levels in the Salary object hierarchy to create deductions and earnings that can be processed in a payroll run to calculate Base Pay.
C. You attach a single earnings element to each salary basis to hold Base Pay earnings, and assign a salary basis to each worker to calculate Base Pay.
D. You enter a salary basis for each worker that becomes the worker”?s Base Pay earnings.
E. For Base Pay earnings elements, eligibility is determined by the deduction basis that is assigned to the worker.

Answer: AC

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QUESTION 4
Which statement is true regarding elements? (Choose the best answer.)

A. Elements have possibly multiple primary classifications, one secondary classification, and one subclassification.
B. Elements have one primary classification, one secondary classification, and one subclassification.
C. Elements have possibly multiple primary classifications, possible multiple secondary classifications, and possibly multiple subclassifications.
D. Elements have one primary classification, possibly multiple secondary classifications, and possibly multiple subclassifications.
E. Elements have one primary classification, one secondary classification, and possibly multiple subclassifications.

Answer: E