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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Identify the four correct options about the summary tables in the compensation history. (Choose four.)

A) The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.
B) The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.
C) The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.
D) The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.
E) The Salary summary table gives detailed information about salary history, percentagechange, compa-ratio, and growth rate.

2. The compensation manager wants to run the batch process to start thecompensation cycle. Which statement correctly describes the Back Out Workforce Compensation Data process? (Choose the best answer.)

A) It backs out unrestricted events for participants.
B) It removes unneeded transaction data from prior plan cycles.
C) It backs out started and processed events for participants.
D) It reverses a completed Start Workforce Compensation Cycle process or removes posted salary, payroll, and HR changes.

3. A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up the Deductions options.
If Deduction cards are supported at multiple levels, which task in the Setup and Maintenance Work area is used to create deduction card overrides at the Payroll Statutory Unit level? (Choose the best answer.)

A) Manage Personal Deductions
B) Manage Payroll Deductions
C) Manage Legal Entity DeductionRecords
D) Manage Legal Reporting Unit Deduction Records

4. Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)

A) Compensation CurrencySelection
B) Compensation Item Selection
C) Compensation Person Selection
D) Compensation amounts Selection
E) Compensation Organization Selection

5. A corporation implementedFusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup. (Choose two.)

A) Using grade rate validation, a warning message can be generated when the new or adjusted salary is outsidethe range of salary configured in the grade rate attached to the salary basis.
B) Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
C) Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
D) Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis.

Solutions: