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Exam Code: 1z0-495
Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
Updated: Aug 28, 2026
Q & A: 71 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Total Compensation Statements | 15% | - Managing statement layouts - Generating and publishing statements - Defining compensation statements |
| Elements, Formulas, and Eligibility | 20% | - Creating element eligibility criteria - Describing element classifications and deductions - Managing fast formulas |
| Workforce Compensation | 25% | - Designing compensation plans - Configuring plan cycles and budgets - Administering compensation changes and models - Setting up worksheets, approvals, and access |
| Base Pay Configuration | 20% | - Managing base pay structures - Configuring salary components - Defining salary basis |
| Individual Compensation | 20% | - Managing contributions and approvals - Configuring compensation history - Setting up individual compensation plans |
Question 1
What happens when you define Workforce Compensation Plan components but the employee to whom the compensation change is being administered does not have ant component in this or her salary?
A. The first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record.
B. The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.
C. The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that plan components must have a direct mapping with the employee's salary components.
Question 2
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 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.
B. 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.
C. 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.
D. 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.
E. 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
Question 3
Which two tasks are true about components in worksheet configurations?
A. Each component has to be of a separate type, such as salary or bonus.
B. There is the flexibility to add any number of components within a compensation plan.
C. You can create up to five components to represent the different types of compensation that you want to award within a plan.
D. Plans must have at least one component if awarding compensation.
Question 4
Identify the three choices when configuring approvals.
A. Alternative approve hierarchy
B. Approve mode
C. Submit mode
D. Auto approval
Question 5
After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation. The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this?
A. Use the Edit button in the Employee's included area while creating a model to exclude the employee.
B. Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original form, if needed.
C. Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
D. Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
Solutions:
| Question 1 Answer: A | Question 2 Answer: E | Question 3 Answer: B,C | Question 4 Answer: B,C,D | Question 5 Answer: B |
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