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Oracle Compensation Cloud 2021 Implementation Essentials - 1Z0-1049-21 real prep

1Z0-1049-21
  • Exam Code: 1Z0-1049-21
  • Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
  • Updated: Aug 23, 2026
  • Q & A: 180 Questions and Answers
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Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Individual Compensation- Awards and Compensation Management
  • 1. Individual Compensation Plans
  • 2. Awards and Spot Bonuses
  • 3. Compensation History
Base Pay- Salary Administration
  • 1. Salary Components
  • 2. Compensation Zones
  • 3. Grade Rates
  • 4. Manage Base Pay
  • 5. Salary Basis
Compensation Foundation- Compensation Components Setup
  • 1. Compensation Objects
  • 2. Compensation Categories
  • 3. Eligibility Profiles
Compensation Analytics and Reporting- Reporting and Analysis
  • 1. Audit and Monitoring
  • 2. Workforce Compensation Reports
  • 3. Compensation Analytics
Workforce Compensation Processing- Compensation Cycle Management
  • 1. Batch Processes
  • 2. Compensation Processes
  • 3. Plan Validation
  • 4. Refresh and Publish Data
Compensation Statements- Statement Configuration
  • 1. Generate Compensation Statements
  • 2. Statement Definitions
  • 3. Display Components
Workforce Compensation Plans- Plan Configuration
  • 1. Budget Setup
  • 2. Worksheet Configuration
  • 3. Plan Access
  • 4. Column and Component Design

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. You are an implementation consultant, and the client organization wants you to provide a solution for how not to display the welcome message in the total compensation statement.
What will your answer in this situation be? (Choose the best answer.)

A) Edit the "Do not display Welcome message" option in "Compensation Item."
B) Edit the "Do not display Welcome message" option in "Statement Definition."
C) Edit the "Do not display Welcome message" option in "Compensation Category."
D) Changing the welcome message is not possible.


2. As a Fusion implementation consultant, you are configuring Fusion HCM Compensation Management module for a manufacturing client. Which three statements are correct in relation to compensation statement display options? (Choose three.)

A) You can configure display of zero values.
B) You can hide table columns.
C) You cannot hide regions for graphs or descriptions at the statement definition setup level.
D) You cannot exclude a category from the statement summary at the category setup level.
E) You can hide or show the estimated amount indicator at the category setup level.
F) You cannot include and hide the welcome message at the statement definition setuplevel.


3. In the workforce compensation work area, the Manager's Worksheet Status is "In Approvals". What progress has the compensation manager made through a workforce compensation cycle? (Choose the best answer.)

A) The manager submitted his or her worksheet for approval.
B) The first-level manager approved the manager's worksheet.
C) The highest-level manager or approver in the approval hierarchy approved the manager's worksheet.
D) The manager saved some changes to his or her worksheet.
E) A budgetwas published to the manager.


4. 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? (Choose three.)

A) The statement definition acts as a template and determines the layout and content of the generated statement.
B) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
C) Edits to compensation categories affect all statement definitions that use that category.
D) Compensation items with sources belonging to different legal employers cannot be added.
E) The statement definition consists of compensation items added to compensation categories.
F) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.


5. You are responsible for configuring variable allocations to manage approvals for individual compensation plans. Your company wants to control plan availability by using defaults. What are the default attributes of the actionable Variable Allocation task? (Choose the best answer.)

A) The task applies to selected allocations, usestwo levels of the Supervisory list builder, and requires a response from the current approver.
B) The task is only for notification and has no rules.
C) The task applies to all allocations, uses two levels of the Supervisory list builder, and does not require a response from the current approver.
D) The task applies to all allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.


Solutions:

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

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