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Oracle 1z1-495 : Oracle Fusion HCM: Compensation 2014 Essentials
- Exam Code: 1z1-495
- Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
- Updated: Sep 13, 2026
About Oracle 1z1-495 Exam
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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Workforce Compensation | 25% | - Administering compensation changes and models - Setting up worksheets, approvals, and access - Designing compensation plans - Configuring plan cycles and budgets |
| Base Pay Configuration | 20% | - Configuring salary components - Defining salary basis - Managing base pay structures |
| Elements, Formulas, and Eligibility | 20% | - Describing element classifications and deductions - Creating element eligibility criteria - Managing fast formulas |
| Total Compensation Statements | 15% | - Defining compensation statements - Generating and publishing statements - Managing statement layouts |
| Individual Compensation | 20% | - Setting up individual compensation plans - Configuring compensation history - Managing contributions and approvals |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
Question #1
A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?
- A. From the Legislative Data Group level, because that is the highestlevelin the hierarchy
- B. From the Bank account level
- C. From the input value of the payroll element
- D. From the organization payment level, because the compensation is finally paid through this
Correct Answer: A 🗳️
Question #2
You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employeesunder him. Where will the rating specified by the manager be available?
- A. To the current compensation plan and the Performance Management system
- B. Only within the current compensation plan and the current cycle
- C. Only within the current compensation plan and all cycles associated with it
- D. To the current compensation plan and HR system
Correct Answer: A 🗳️
Question #3
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 at the element eligibility link for the payroll element used.
- B. No components are defined to handle these salary adjustments.
- C. Salary basis is configured to be non-updatable.
- D. Automatic entry is checked for the payroll element used.
Correct Answer: B,D 🗳️
Question #4
You are configuring Fusion HCM Compensation Management for a customer. Which three tasks are part of Plan Foundation Configuration Options?
- A. Plan Access
- B. Plan Currency
- C. Feedback Survey
- D. Components
- E. Alerts
Correct Answer: A,B,C 🗳️
Question #5
As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.
Select the correct sequence to construct a total compensation statement.
- A. Create compensation items >> attach the items to compensation categories >> arrange categories hierarchically in the statement definition >> specify the statement period and display options >> generate the statement.
- B. Create compensation items >> attach the items to compensation categories >> generate the statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition.
- C. Create compensation items >> generate a statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories.
- D. Create compensation items >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories >> generate the statement.
Correct Answer: B 🗳️
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