1Z0-1050-23 Oracle Payroll Cloud 2023 Implementation Professional Exam

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Oracle Payroll Cloud 2023 Certified Implementation Professional
Format: Multiple Choice
Duration: 90 Minutes
Exam Price: $
Number of Questions: 55
Passing Score: 64%
Validation: This exam has been validated against 22A/22B/22C/22D/23A/23B.
Policy: Cloud Recertification

Prepare to pass exam: 1Z0-1050-23
An Oracle Payroll Cloud 2023 Certified Implementation Professional has demonstrated a strong foundation and expertise in implementing Oracle Global Payroll. Individuals who earn this certification are able to identify key concepts of Oracle Global Payroll that determine a successful implementation, the ability to setup Global Payroll by entering data and performing common payroll processes, and use Functional Setup Manager to implement payroll.

If you have a valid Oracle Payroll Cloud Implementation Professional Certification, and your credential has not expired, you can maintain your certification by taking the corresponding shorter Delta exam.

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

Become a Certified Payroll Implementer (US)
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

Payroll Concepts
Describe cloud Human Resources and the cloud payroll person models
Describe legislative data groups
Describe payroll statutory units
Create payroll users and roles

Payroll and Balance Definitions
Configure a payroll definition
Configure a balance definition
Edit payment dates

Earnings and Deduction Definitions
Create an earnings or deduction element
Explain the behavior of an element
Create element entry business rules
Configure an absence element
Add eligibility rules for an element
Create rules for retroactive changes

Payroll Payment Details
Add company payment details
Explain how to configure a payslip report
Add third-party payment details

Payroll Costing Rules
Payroll Cost Flexfield Setup
Configure various types of costing
Perform a transfer to subledger accounting and a posting to GL

Employee Level Payroll Information
Add a standard earnings entry earning or deduction to an employee
Add bank account details for an employee
Enter payroll frequency details for an employee
Manage absences for an employee
Explain how to initialize payroll balances
Manage costing for a person

Payroll Flows
Maintain Payroll Flows
Submit a payroll flow

Calculate, Validate and Correct Payroll Processes
Calculate and Verify Payroll
Confirm the status of the payroll flow
Verify the results of the costing process
Describe how to reconcile the payroll

QUESTION 1
A customer is implementing the two-tier employment model. At what level are payroll run results captured in cloud payroll?

A. Work Relationship and Assignment.
B. Assignment only.
C. Payroll Relationship and Assignment.
D. Payroll Relationship only.

Answer: B

QUESTION 2
Your customer’s bonus payments are based on a percentage of salary.
Therefore, salary must be calculated before bonus in the payroll run.
How do you determine the element processing sequence within a payroll run?

A. Use the default priority of the primary classification of the element.
B. Set the effective process priority within the element entries page.
C. Set the priority of the element on the element definition page.
D. Alter the sequence of the elements on the element entries page.

Answer: C

QUESTION 3
Which two delivered reports can be used to view the results of a payroll run immediately after running the Calculate Payroll process? (Choose two.)

A. Payroll Activity Report.
B. Payroll Balance Report.
C. Payment Register Report.
D. Payroll Register Report.

Answer: A,B

QUESTION 4
Which two statements regarding the relationship between legal entities, legal employers, and payroll
statutory units (PSU) are correct? (Choose two.)

A. PSUs are legal entities responsible for payroll tax and social insurance reporting.
B. Legal employers are legal entities responsible for paying workers.
C. A legal employer can be associated with multiple PSUs.
D. A legal entity cannot be both a legal employee and a PSU.

Answer: A,B

QUESTION 5
Select the statements that are true about event groups. (Choose two.)

A. They inform the system about the changes to which the system has to be sensitive to cause a proration situation or a retro situation.
B. There are two types of event groups: proration and retro.
C. All of the above.
D. They enable the implementation consultant to calculate the deduction amount for a group of workers.

Answer: A,B