Oracle 1z0-1062-21 : Oracle Incentive Compensation Cloud 2021 Implementation Essentials

  • Exam Code: 1z0-1062-21
  • Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials
  • Updated: Jul 24, 2026   Q&As: 76 Questions and Answers

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Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionObjectives
Transaction Processing and Reporting- Reporting, dashboards, and analytics
- Transaction classification and calculation
Understanding Oracle Incentive Compensation Cloud- Exam objectives and exam focus areas
- Core implementation tasks and functional setup topics
Administering the Incentive Compensation System- Participant and role management
- Classification and crediting setup
Configuring Incentive Compensation Plans- Performance measures and plan components
- Creation and management of compensation plans

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. An administrator is defining periods in the Incentive Compensation application quarterly calendar. She is defining the same start date fortwo periods with a different end date.
Which Statement represents the error for this scenario?

A) The date range should not overlap with any other period.
B) The start date cannot be later than the end date for a period.
C) Please select the period type for each newly-added period row.
D) The period is overlapping with system defined quarterly period.


2. Which descriptive flexfield should you use to update Incentive Compensation Transaction details?

A) XC BASE_TRANS_DFF
B) FIC_TRANSACTION_DFF
C) CN_TP_BASETRAHS_DFF
D) CM_TP_TRANSACTIOM_DFP


3. Your configurations and repents are moved to the Production environment. You want to copy them to your Test environment. Which two actions must you take?

A) Align your patch levelbetween Production and Test environments.
B) Enter a Service Request with My Oracle Support.
C) Upgrade Production to the next release.
D) Import the Compensation Plans.
E) Set up the P2T tasks in Functional Setup Manager.


4. Your client wants a research assistant role that has read-only access to all pages accessible to the Compensation Analyst and to assigned participants.
How can this beaccomplished?

A) Create a new role template.
B) Copy the Participant role and add Analyst Duty Roles.
C) Copy the Analyst Role and delete all privileges in the provisioning template other than Read.
D) Create a new role and add read privileges.


5. Which Oracle Sales Cloud and Incentive Compensation applications security construct controls what functions and data a user has access to?

A) Responsibility
B) Job
C) Security Profile
D) Role


Solutions:

Question # 1
Answer: B
Question # 2
Answer: D
Question # 3
Answer: A,E
Question # 4
Answer: D
Question # 5
Answer: B

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