Oracle Fusion HCM: Compensation 2014 Essentials : 1z1-495 Exam Questions

Exam Code: 1z1-495
Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
Updated: Oct 01, 2026
Q&As: 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: Individual Compensation	20%	- Managing contributions and approvals - Setting up individual compensation plans - Configuring compensation history
Topic 3: Workforce Compensation	25%	- Setting up worksheets, approvals, and access - Designing compensation plans - Administering compensation changes and models - Configuring plan cycles and budgets
Topic 4: Elements, Formulas, and Eligibility	20%	- Describing element classifications and deductions - Creating element eligibility criteria - Managing fast formulas
Topic 5: Total Compensation Statements	15%	- Generating and publishing statements - Managing statement layouts - Defining compensation statements

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question #1

After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation. The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this?

A. Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
B. Use the Edit button in the Employee's included area while creating a model to exclude the employee.
C. Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
D. Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original form, if needed.

Reveal Solution Discussion 0

Correct Answer: D 🗳️

Question #2

As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct?

A. You cannot add items to statement definitions directly, and you cannot add items to a compensation category.
B. You can add items to statement definitions directly.
C. To include items in statements you must add items to a compensation category.
D. You can add items to statement definitions directly, and to include Items in statements you must add items to a compensation category.

Reveal Solution Discussion 0

Correct Answer: C 🗳️

Question #3

Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?

A. Use fast formula to display the employee currency using conversion rates
B. Display the corporate currency
C. Set the preferred currency in the worksheet
D. Enable currency switching

Reveal Solution Discussion 0

Correct Answer: D 🗳️

Question #4

You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available?

A. Salary changed in HR
B. Allocation outside target range
C. Grade changed in HR
D. Worker was terminated
E. Job changed in HR
F. Worker is on long-term leave

Reveal Solution Discussion 0

Correct Answer: B,C,D,F 🗳️

Question #5

The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?

A. A model can be shared with the direct reports of the creator.
B. Managers can use a model created by compensation professionals.
C. Managers cannot share a model created by them.
D. Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
E. Access of a model is limited only to the creator of the model.
F. Managers can create their own models and use them.