Oracle Fusion HCM: Compensation 2014 Essentials : 1z0-495 Exam Questions

  • Exam Code: 1z0-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Updated: Oct 01, 2026
  • Q&As: 71 Questions and Answers

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Oracle 1z0-495 Exam Syllabus Topics:

SectionWeightObjectives
Base Pay Configuration20%- Defining salary basis
- Managing base pay structures
- Configuring salary components
Workforce Compensation25%- Administering compensation changes and models
- Designing compensation plans
- Configuring plan cycles and budgets
- Setting up worksheets, approvals, and access
Elements, Formulas, and Eligibility20%- Managing fast formulas
- Creating element eligibility criteria
- Describing element classifications and deductions
Total Compensation Statements15%- Generating and publishing statements
- Defining compensation statements
- Managing statement layouts
Individual Compensation20%- Configuring compensation history
- Managing contributions and approvals
- Setting up individual compensation plans

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question #1

As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?

  • A. Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
  • B. Compensation items can be added to statement definitions directly.
  • C. Compensation items cannot be used across statement definitions.
  • D. Compensation items are the foundation upon which the Compensation Statement is built.
  • E. Compensation items are added to a compensation category to include them in statements.
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

Question #2

What happens when you define Workforce Compensation Plan components but the employee to whom the compensation change is being administered does not have ant component in this or her salary?

  • A. The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.
  • B. The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that plan components must have a direct mapping with the employee's salary components.
  • C. The first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

While configuring theBudget page, which five tabs are available in Page Layout?

  • A. Worker List
  • B. Information
  • C. Summary
  • D. Actions
  • E. Budgeting
  • F. Comments
  • G. Detail table
Reveal Solution  Discussion  0

Correct Answer: A,B,D,E,G  🗳️

Question #4

A compensation manager of a corporation is setting up a new salary basis for the employees. Which statement is true about payroll elements set up for a salary basis?

  • A. Payroll elements of any classification type can be attached to a salary basis.
  • B. Multiple payroll elements can be attached a salary basis.
  • C. Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.
  • D. Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #5

As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?

  • A. The item cannot be deleted, because it is attached to a category.
  • B. Before deleting the item, you must configure a zero value behavior for the item.
  • C. More than one administrator might be using the item and, therefore, it cannot be deleted.
  • D. The above scenario does not stand true as the item can be deleted.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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