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

  • Exam Code: 1Z0-1049-21
  • Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
  • Updated: Sep 13, 2026
  • Q&As: 180 Questions and Answers

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

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

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question #1

A corporation is implementing Oracle Fusion Workforce Compensation and must set up compensation history.
Identify the three correct options regarding the salary component. (Choose three.)

  • A. The base rate shown in the salary section is the average of the pay rate for the entire year.
  • B. The growth rate shown in the details shows both cumulative and average annual salary growth rates.
  • C. The base rate shown in the salary section is the most recent pay rate.
  • D. The base rate shown in the previous years is the pay rate on 31 December of each year.
Reveal Solution  Discussion  0

Correct Answer: B,C,D  🗳️

Question #2

Plan access restrictions control the situations in which an individual compensation plan is available for allocations or contributions by a line manager or worker, and regulate a user's ability to create, update, or discontinue allocations or contributions under the plan. What are three common decisions to make about plan access? (Choose three.)

  • A. If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle
  • B. if planaccess should be related to HR actions
  • C. if there should be a time period in which a user can create, update, or discontinue allocations or contributions
  • D. whether or not to restrict access to the plan at all
  • E. if there should be a "white list" name criteria for access to the plan
  • F. If user access should be based on career levels or earnings thresholds
Reveal Solution  Discussion  0

Correct Answer: B,C,D  🗳️

Question #3

Your customer provides compensation such as salary, bonus earnings (paid twice a year), commissions, stock options, and company-paid taxes to its workers. The customer wants you to implement Compensation Statements with graphs. Which three values of the graph column will you exclude? (Choose three.)

  • A. Text
  • B. Non Monetary Values
  • C. morethan one nonmonetary unit of measure
  • D. Monetary Values
  • E. Dates
Reveal Solution  Discussion  0

Correct Answer: A,B,E  🗳️

Question #4

An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator accessto complete the process. (Choose the best answer.)

  • A. Line Manager
  • B. Compensation Manager
  • C. Compensation Administrator
  • D. HR Specialist
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #5

Which item is false regarding plan access? (Choose the best answer.)

  • A. A compensation administrator's general access can be overridden using roles.
  • B. Compensation administrators have access to all plan configuration tasks for all plans.
  • C. A compensation administrator's general access cannot be overridden.
  • D. Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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