Oracle Compensation Cloud 2021 Implementation Essentials : 1Z0-1049-21

1Z0-1049-21 real exams

Exam Code: 1Z0-1049-21

Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials

Updated: Jul 22, 2026

Q & A: 180 Questions and Answers

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Compensation Analytics and Reporting- Workforce Compensation Reports
- Compensation Analytics
- Audit and Monitoring
Topic 2: Individual Compensation- Awards and Compensation Management
  • 1. Individual Compensation Plans
    • 2. Spot Bonuses
      • 3. Compensation History
        Topic 3: Workforce Compensation Plans- Plan Configuration
        • 1. Worksheet Configuration
          • 2. Column and Component Design
            • 3. Plan Access
              • 4. Budget Setup
                Topic 4: Base Pay- Salary Administration
                • 1. Salary Components
                  • 2. Manage Base Pay
                    • 3. Compensation Zones
                      • 4. Grade Rates
                        • 5. Salary Basis
                          Topic 5: Elements, Balances, and Formulas- Manage Balances
                          - Write Fast Formulas
                          - Define Elements
                          Topic 6: Compensation Foundation- Compensation Components Setup
                          • 1. Compensation Categories
                            • 2. Eligibility Profiles
                              • 3. Compensation Objects
                                Topic 7: Total Compensation Statements- Statement Configuration
                                • 1. Statement Definitions
                                  • 2. Generate Statements
                                    • 3. Display Components
                                      Topic 8: Workforce Compensation Processing- Compensation Cycle Management
                                      • 1. Plan Validation
                                        • 2. Refresh and Publish Data
                                          • 3. Batch Processes
                                            • 4. Transfer Data to HR

                                              Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

                                              1. An administrator of a corporation needs to view a worker's salary basis, change it, view the salary history, and do a graphical analysis of changes made to the salary. However, the administrator is not able to do these things.
                                              Identify the three correct roles that will give the administrator access to complete the process. (Choose three.)

                                              A) Compensation Manager
                                              B) Expenses Manager
                                              C) HR Specialist
                                              D) Line Manager


                                              2. An Organization tracks compensation that is not stored in the Benefit Balance, Element Entry, External Data, and Payroll Balance source types. Which three statementsare true about configuring Compensation Items for a Compensation Statement? (Choose three.)

                                              A) Legislative Data Group ID can be used as Context when implementing the source type for such Items.
                                              B) Effective Date can be used as Context when implementing the source type forsuch Items.
                                              C) Person ID can be used as Context when implementingthe source type for such Items.
                                              D) Currency can be used as Context when implementing the source type for such Items.
                                              E) Manager ID can be used as Context when implementing the source type for such Items.


                                              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) Each employee's local currency
                                              D) Only one currency can be displayed


                                              4. What are two attributes of primary element classifications? (Choose two.)

                                              A) They are not editable.
                                              B) They arepredefined.
                                              C) They are user defined.
                                              D) They are globally applicable.
                                              E) They are editable.


                                              5. While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers toachieve this? (Choose the best answer.)

                                              A) Use the Advanced Filter option in the worksheet to create a custom condition.
                                              B) Control the population by using eligibility profiles.
                                              C) This cannot bedone once the population is finalized and the compensation cycle is started.
                                              D) Use the sort feature in the worksheet to control this.


                                              Solutions:

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

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