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

1Z0-1049-21 real exams

Exam Code: 1Z0-1049-21

Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials

Updated: Jul 23, 2026

Q & A: 180 Questions and Answers

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

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

                                              Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

                                              1. When compiling Fast Formula, you receive the error message "Database item PER_ASG_ATTRIBUTE3 must have a DEFAULT statement because it was specified that null or notfound is allowed." What is the cause of the error? (Choose the best answer.)

                                              A) misuse of context
                                              B) incorrect operator usage
                                              C) syntax error
                                              D) uninitialized variable


                                              2. Which four options are valid refresh options for the Refresh Data process? (Choose four.)

                                              A) Refresh HR Data
                                              B) Refresh summary totals
                                              C) Refresh Plan Access
                                              D) Refresh Base and Eligible Salary
                                              E) Refresh Manager Hierarchy
                                              F) Refresh Plan Currency
                                              G) Reevaluate Eligibility


                                              3. As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for Salary, Merit Increase, and so on. Identify one set of values that Compensation Items can hold. (Choose the best answer.)

                                              A) Monetary, Timestamp, Boolean
                                              B) Monetary, Nonmonetary, Timestamp, Text
                                              C) Monetary, Nonmonetary, Date,Boolean
                                              D) Monetary, Nonmonetary, Date, Text


                                              4. A corporation has implemented Oracle Fusion Workforce Compensation. The consultant must now create an element eligibility link for an Earnings element.
                                              While creating the element eligibility link, whichthree options can be set up in the element eligibility work area? (Choose three.)

                                              A) costing
                                              B) retroactive components
                                              C) general information
                                              D) input values
                                              E) auto indirect rules
                                              F) status processing rules


                                              5. Which three statements are true regarding plan cycles? (Choose three.)

                                              A) Active plans are available to be cross-referenced, except plans with no started cycles.
                                              B) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
                                              C) All active plans are available to be cross-referenced, even plans with no started cycles.
                                              D) You can display a target amount or custom score from a previous plan cycle in the current plan cycle.
                                              E) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.


                                              Solutions:

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

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