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Oracle 1z1-495

1z1-495

Exam Code: 1z1-495

Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials

Updated: May 30, 2026

Q&A Number: 71 Q&As

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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which three statements are true regarding Plan Cycles?

A) You can display a target amount or custom score from a previous plan cycle In the current plan cycle.
B) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
C) All active plans are available to be cross-referenced, even plans with no started cycles.
D) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
E) Active plans are available to be cross-referenced, except plans with no started cycles.


2. ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?

A) Budget Pools
B) Plan Eligibility
C) Action and Action Reasons
D) Salary Component
E) Plan Access


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


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 Bank account level
B) From the input value of the payroll element
C) From the organization payment level, because the compensation is finally paid through this
D) From the Legislative Data Group level, because that is the highestlevelin the hierarchy


5. You want to use the Workforce Compensation Budget pool for a workforce compensation plan.
Select the task to be performed, in the correct sequence.
a)Configure the workforce compensation budget pool
b)Configure the workforce compensation plan details
c)Run the Start Compensation plan
d)Create at least one worksheet compensation component and associate the budget pool with it.

A) Create the workforce compensation plan. Configure the workforce compensation budget pool,Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
B) Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.
C) Create the workforce compensation plan, Configure the workforce compensation plan details. Configure the workforce compensation budget pool, Create at (east one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
D) Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool. Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details
E) Create the workforce compensation plan. Configure the workforce compensation budget pool,Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details. Run the Start Compensation Cycle process.


Solutions:

Question # 1
Answer: A,B,D
Question # 2
Answer: D
Question # 3
Answer: B,C,D
Question # 4
Answer: D
Question # 5
Answer: D

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