Free Oracle 1z0-495 Exam Dumps Questions & Answers

An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process.

• A.  HR Specialist
• B.  Line Manager
• C.  Compensation Manager
• D.  Compensation Administrator

A corporation is implementing Oracle Fusion Compensation Management and needs to set up the
following for all employees:
-Salary paid based on the grades of employees.
-Car allowance paid based on the department and position
-Spot bonus paid based on a committee's decision.
Identify the correct option for the setup.

• A.  Set up one individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.
• B.  Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.
• C.  Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan- Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
• D.  Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.

A compensation manager of a corporation is setting up a new salary basis for the employees. Which statement is true about payroll elements set up for a salary basis?

• A.  Multiple payroll elements can be attached a salary basis.
• B.  Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.
• C.  Payroll elements of any classification type can be attached to a salary basis.
• D.  Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.

As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions?

• A.  Compensation items with sources belonging to different legal employers cannot be added.
• B.  Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
• C.  Edits to compensation categories affect all statement definitions that use that category.
• D.  The statement definition acts as a template and determines the layout and content of the generated statement.
• E.  The statement definition consists of compensation items added to compensation categories.
• F.  Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.

As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?

• A.  Compensation items are the foundation upon which the Compensation Statement is built.
• B.  Compensation items cannot be used across statement definitions.
• C.  Compensation items are added to a compensation category to include them in statements.
• D.  Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
• E.  Compensation items can be added to statement definitions directly.