Oracle 1z1-495 : Oracle Fusion HCM: Compensation 2014 Essentials

1z1-495 real exams

Exam Code: 1z1-495

Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials

Updated: Sep 01, 2026

Q & A: 71 Questions and Answers

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Oracle 1z1-495 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Total Compensation Statements15%- Defining compensation statements
- Managing statement layouts
- Generating and publishing statements
Topic 2: Elements, Formulas, and Eligibility20%- Creating element eligibility criteria
- Describing element classifications and deductions
- Managing fast formulas
Topic 3: Individual Compensation20%- Managing contributions and approvals
- Configuring compensation history
- Setting up individual compensation plans
Topic 4: Workforce Compensation25%- Administering compensation changes and models
- Designing compensation plans
- Configuring plan cycles and budgets
- Setting up worksheets, approvals, and access
Topic 5: Base Pay Configuration20%- Managing base pay structures
- Defining salary basis
- Configuring salary components

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question 1

A corporation is implementing Oracle Fusion Compensation Management and needs to give a spot bonus for a new hire as well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results.

A. Configure the spot bonus as an individual compensation plan and add "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
B. Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
C. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.
D. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.


Question 2

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 Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
B. Use the Edit button in the Employee's included area while creating a model to exclude the employee.
C. 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.
D. 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.


Question 3

Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?

A. Compensation History
B. Legislative Information
C. Person Attributes
D. AssignmentTables


Question 4

The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?

A. Use compensation performance ratings.
B. Use both Performance Management ratings and compensation ratings.
C. Integrate with Oracle Fusion Performance Management.
D. Integrate with Oracle Fusion Profile Management.
E. Integrate with Oracle Fusion Goal Management.


Question 5

A corporation has implemented Oracle Fusion Compensation Management. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue.

A. Automatic entry is checked for the payroll element used.
B. Salary basis is configured to be non-updatable.
C. No components are defined to handle these salary adjustments.
D. Automatic entry is checked at the element eligibility link for the payroll element used.


Solutions:

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

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