Oracle 1Z0-1049-26 Exam Overview & Exam 1Z0-1049-26 Simulator

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Oracle 1Z0-1049-26 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Total Compensation Statements	15%	- Define statement definitions and items - Generate and manage compensation statements
Topic 2: Workforce Compensation	25%	- Performance ratings, approvals and administration - Validation, batch processes and change statements - Budgets, models, worksheets and cycles - Plan design, setup and configuration
Topic 3: Elements, Balances, and Formulas	15%	- Configure balances and formulas for compensation - Explain element classifications and eligibility
Topic 4: Base Pay Configuration	25%	- Set up salary basis and components - Configure compensation zones and base pay structures - Manage grade rates, salary ranges and progression ladders
Topic 5: Individual Compensation	20%	- Set up approvals, history and eligibility - Define and configure individual compensation plans

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Oracle Compensation Cloud 2026 Implementation Professional Sample Questions (Q13-Q18):

NEW QUESTION # 13
While configuring Workforce Compensation Plan, you specify Performance Rating date in Plan Cycle as the same in multiple plans.
What will happen when the manager updates a compensation performance rating in the worksheet of one plan? (Choose the best answer.)

A. The rating will be available to only the plan where it is updated.
B. The rating will be available to only the plans where the same manager is involved.
C. The rating will be available to all plans with the same Performance Rating date in Plan Cycle.
D. The rating will be available to all plans that are currently active.

Answer: D

NEW QUESTION # 14
Performance Ratings are enabled in a compensation plan and a Rating Model is supposed to be created. Which two mandatory tasks are involved in creating the Rating Model? (Choose two.)

A. Create Target Distributions for each of the rating levels.
B. Create a Rating Level for the rating model.
C. Populate Rating Categories for all rating levels.
D. Review points with from and to points entered for the rating level.

Answer: A,C

NEW QUESTION # 15
While administering compensation for the workforce, a manger accidentally approves a lower manager's worksheet.
Which three statements will be true in this case? (Choose three.)

A. Lower-level managers can no longer make any updates to their worksheets.
B. The lower-level manager's access level is changed to "Approved."
C. The lower-level manager can still make changes in the worksheet and resubmit it for approval.
D. The worksheet goes to next level for approval.
E. The lower-level manager can withdraw the submission and reprocess the compensation allocation.

Answer: B,D,E

NEW QUESTION # 16
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 Payroll Deductions
B. Manage Personal Deductions
C. Manage Legal Reporting Unit Deduction Records
D. Manage Legal Entity Deduction Records

Answer: C

Explanation:
Use the Manage Personal Deductions task in the Payroll Calculations or Payroll Administration work area to create deduction card overrides at the payroll relationship level. If overrides are allowed, the Overrides Allowed on Deduction Cards tab appears in the Component Details section of the Manage Deduction Cards page when you select a deduction component. Click Create to define an override. The override value you enter varies based on the type of override item defined in the deduction range, as described in the previous section. For example, you may enter a rate to be used in the deduction calculation or an amount to be added to the calculated amount.
If your localization supports deduction cards at multiple levels, use the Manage Legal Entity Deduction Records task in the Setup and Maintenance work area to create deduction card overrides at the payroll statutory unit level.Use the Manage Legal Reporting Unit Deduction Records task in the Setup and Maintenance work area to create deduction card overrides at the tax reporting unit level.

NEW QUESTION # 17
A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up the following for all employees:
Salary paid based on the grades of employees.
Car allowance paid based on the department and position.
Spot bonus paid based on a committee's decision.
Identify the correct option for the setup. (Choose the best answer.)

A. Set up on individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.
B. Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.
C. Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan. Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
D. Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.

Answer: C

NEW QUESTION # 18
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