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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
C) The statement definition acts as a template and determines the layout and content of the generated 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 consists of compensation items added to compensation categories.
F) Edits to compensation categories affect all statement definitions that use that category.

2. The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?

A) Managers can create their own models and use them.
B) Managers can use a model created by compensation professionals.
C) A model can be shared with the direct reports of the creator.
D) Managers cannot share a model created by them.
E) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
F) Access of a model is limited only to the creator of the model.

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) AssignmentTables
B) Person Attributes
C) Legislative Information
D) Compensation History

4. A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history.
Identify the three correct options regarding the various compensations shown in the history.

A) Compensation history displays six categories of compensation.
B) Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
C) The summary in the compensation history shows the data for only five years.
D) Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.

5. A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it.

A) Set up a salary basis and restrict the eligibility to the required roles.
B) Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.
C) Set up access restrictions to the individual compensation plan using the correct HR act/on so that it can be added only to the specific roles.
D) The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.

Solutions: