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Oracle 1Z0-1049-21 : Oracle Compensation Cloud 2021 Implementation Essentials
- Exam Code: 1Z0-1049-21
- Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
- Updated: Sep 21, 2026 Q&As: 180 Questions and Answers
About Oracle 1Z0-1049-21 Exam
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Oracle 1Z0-1049-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Approvals and Security | - Approval Workflow Configuration - Role-Based Access Control |
| Worksheet Management | - Worksheet Configuration and Fields - Manager and Employee Interaction |
| Reporting and Analytics | - Standard Compensation Reports - Dashboards and Metrics |
| Budgeting and Workforce Compensation | - Manager Budget Distribution - Budget Allocation Methods |
| Implementation and Maintenance | - System Maintenance and Updates - Deployment Considerations |
| Compensation Cloud Overview | - Core Concepts of Workforce Compensation - Key Features and Business Use Cases |
| Compensation Plans and Cycles | - Plan Design and Eligibility Rules - Cycle Setup and Administration |
| Setup and Configuration | - Enterprise Structures and Security Setup - Basic Compensation Configuration |
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
Question #1
A corporation has implemented Oracle Fusion Workforce Compensation and set up an individual compensation plan with the following details.
* Name: Variable component
* Restrict plan access: Yes
* Action: Manage Contributions
* Access Level: New
* Allocations: Always Allow
* Update Allocations: Never Allow
* Discontinue Allocations:"Allowed during a specific period" with the period start and end dates configured.
Identify the correct option for the possible actions. (Choose the best answer.)
- A. The contribution will be automatically added to all the employees in the payroll andHR can discontinue allocations on a request basis.
- B. The plan setup is always for HR totake actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
- C. Only managers will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
- D. All Employees will be able to start the contribution anytime, update never, butdiscontinue during the period defined.
Correct Answer: D 🗳️
Question #2
You have created a total compensation statement. However, you are not able to see one of the categories in the summary section on the left pane. What is the reason for this? (Choose the best answer.)
- A. The category does not have employee contribution.
- B. The category does not have a graph defined in it.
- C. The category does not have employer contribution.
- D. The category has been added as a subcategory.
Correct Answer: D 🗳️
Question #3
Your client's organization is a multi-country organization with headquarters in the US, and managers have direct reports in different countries.
In which three ways canthe compensation currency be displayed? (Choose three.)
- A. Preferred currency
- B. The corporate currency
- C. Only one currency can be displayed
- D. Each employee's local currency
Correct Answer: A,B,D 🗳️
Question #4
A corporation has implemented Oracle Fusion Workforce Compensation. 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 toupdate the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue. (Choose two.)
- A. No components are defined to handle these salary adjustments.
- B. Salary basis is configured to be non-updatable.
- C. Automatic entry is checkedat the element eligibility link for the payroll element used.
- D. Automatic entry is checked for the payroll element used.
Correct Answer: B,D 🗳️
Question #5
What is the maximum number andkind of items that you can add when defining a custom category? (Choose the best answer.)
- A. five custom columns
- B. three items
- C. three subcategories
- D. three custom columns
Correct Answer: A 🗳️
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