Oracle 1z1-495 : Oracle Fusion HCM: Compensation 2014 Essentials
- Exam Code: 1z1-495
- Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
- Updated: Oct 02, 2026
- Q & A: 71 Questions and Answers
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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Base Pay Configuration | 20% | - Defining salary basis - Configuring salary components - Managing base pay structures |
| Topic 2: Workforce Compensation | 25% | - Configuring plan cycles and budgets - Designing compensation plans - Administering compensation changes and models - Setting up worksheets, approvals, and access |
| Topic 3: Total Compensation Statements | 15% | - Generating and publishing statements - Defining compensation statements - Managing statement layouts |
| Topic 4: Individual Compensation | 20% | - Setting up individual compensation plans - Configuring compensation history - Managing contributions and approvals |
| Topic 5: Elements, Formulas, and Eligibility | 20% | - Creating element eligibility criteria - Managing fast formulas - Describing element classifications and deductions |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
A corporation is implementing Oracle Fusion Compensation Management and must set up Compensation history. Identify the three correct options regarding the salary component.
- A. The Base rate shown in the salary section is the most recent pay rate.
- B. The Base rate shown in the salary section is the average of the pay rate for the entire year.
- C. The growth rate shown in the details shows both cumulative and average annual salary growth rates.
- D. The base rate shown in the previous years is the pay rate on 31 December of each year.
Correct Answer: A,B,D 🗳️
Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?
- A. Person Attributes
- B. Compensation History
- C. Legislative Information
- D. AssignmentTables
Correct Answer: A,D 🗳️
The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?
- A. Integrate with Oracle Fusion Performance Management.
- B. Integrate with Oracle Fusion Goal Management.
- C. Use compensation performance ratings.
- D. Integrate with Oracle Fusion Profile Management.
- E. Use both Performance Management ratings and compensation ratings.
Correct Answer: C,D,E 🗳️
A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it.
- A. Set up a salary basis and restrict the eligibility to the required roles.
- B. Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.
- C. Set up access restrictions to the individual compensation plan using the correct HR act/on so that it can be added only to the specific roles.
- D. The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
Correct Answer: D 🗳️
While administering compensation for the workforce, Manager X accidentally approves a lower manager's. Which three statements will be true in this case?
- A. The lower-level manager can still make changes in the worksheet and resubmit it for approval.
- B. The lower-level manager's access level is changed to "Approved."
- C. The lower-level manager can withdraw the submission and reprocess the compensation allocation.
- D. The worksheet goes to next level for approval.
Correct Answer: A,B,C 🗳️
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