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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Elements, Formulas, and Eligibility | 20% | - Describing element classifications and deductions - Managing fast formulas - Creating element eligibility criteria |
| Topic 2: Total Compensation Statements | 15% | - Generating and publishing statements - Defining compensation statements - Managing statement layouts |
| Topic 3: Base Pay Configuration | 20% | - Defining salary basis - Configuring salary components - Managing base pay structures |
| Topic 4: Workforce Compensation | 25% | - Setting up worksheets, approvals, and access - Administering compensation changes and models - Designing compensation plans - Configuring plan cycles and budgets |
| Topic 5: Individual Compensation | 20% | - Setting up individual compensation plans - Managing contributions and approvals - Configuring compensation history |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
Question #1
Which four options are valid refresh options for the Refresh Data process?
A. Reevaluate Eligibility
B. Refresh Plan Currency
C. Refresh Base and Eligible Salary
D. Refresh Plan Access
E. Refresh Manager Hierarchy
F. Refresh HR Data
G. Refresh Budget Pools
Question #2
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. Access to the Compensation Administrator role is restricted in Plan Access.
B. The Compensation Administrator or equivalent role is not attached to your plan.
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.
Question #3
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. Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
B. Edit the workbook data.
C. Resolve errors created by the uploaded file.
D. Download and authenticate workbooks.
E. Repeat the steps as many times as necessary to accommodate the revisions.
F. Filter the edits and upload only the edited fields.
Question #4
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. Database items are created by default for the element input values.
C. Create an "Amount" input value at the element eligibility link level.
D. Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.
Question #5
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. Compensation Administrator
B. Line Manager
C. HR Specialist
D. Compensation Manager
Solutions:
| Question #1 Correct Answer: A,D,F,G | Question #2 Correct Answer: A,D,E | Question #3 Correct Answer: A,C,D,F | Question #4 Correct Answer: C | Question #5 Correct Answer: C |


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