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Oracle 1z0-1062-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Core Setup and Configuration | 25% | - Enterprise Structure and Reference Data - Profile Options and Parameters - Calendars, Periods, and Currencies |
| Overview of Incentive Compensation Cloud | 15% | - Implementation Methodology - Key Concepts and Architecture - Security and Access Control |
| Participants, Payments, and Reporting | 15% | - Participant Setup and Hierarchies - Paysheets and Payment Administration - Analytics, Dashboards, and Reports - Maintenance and Troubleshooting |
| Classification and Crediting | 20% | - Transaction Classification Rules - Crediting Hierarchies and Rules - Processing Transactions |
| Compensation Plans and Components | 25% | - Rate Tables and Tiers - Earnings and Calculation Logic - Plan Design and Creation - Performance Measures and Formulas |
Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
The Implementation team is trying to determine how many business units (BUs) are needed.Whichconsideration requires the creation of multiple BUs?
- A. The HCM application has four separate BUs, so we must adopt them fc* Incentive Compensation.
- B. different General Ledger account structures
- C. The running of processes, the management of participant assignments, and the administrative access to data must beseparated by principal lines of business.
- D. Operating currency is different to the currency in which calculations are performed.
- E. different currencies for payment of participants
Correct Answer: A 🗳️
Which asset typo must you select for searching web service in Oracle Enterprise Repository?
- A. Composite Service
- B. ADF service Data Object
- C. Composite
- D. ADF Service
Correct Answer: C 🗳️
Which option will never have access to the full Business Unit?
- A. the Compensation Manager
- B. the Participant
- C. the Compensation Analyst
- D. the Sales Manager and the Participant
- E. the Compensation Analyst and the Participant
Correct Answer: B 🗳️
A client wants to associate both monthly and quarterly calendars with an incentive compensation business unit. Which method do you use to set up multiple calendars for incentive compensation business units?
- A. Go to the Manage Calendars task in the Define Incentive Compensation Shared Configuration task list and associate the same business unit with both calendars.
- B. Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select both calendars.
- C. Go to theManage Calendars in the Define Incentive Compensation Shared Configuration task list and associate the business unit with a desired period type.
- D. Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select a calendar; only one calendar can be selected.
Correct Answer: A 🗳️
Which are the three broad categories, based on which cross subject area reporting can be built?
- A. using common and local dimensions
- B. combining more than one result set from different subject areas by using set operators such as Union, union all, Intersection, Cartesian, and Difference
- C. combining logical SQL using the Advanced tab
- D. using common dimensions
Correct Answer: A,B,D 🗳️
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