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Oracle 1z0-495 Exam : Oracle Fusion HCM: Compensation 2014 Essentials
- Exam Code: 1z0-495
- Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
- Updated: Sep 16, 2026
- Q & A: 71 Questions and Answers
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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Total Compensation Statements | 15% | - Managing statement layouts - Defining compensation statements - Generating and publishing statements |
| Workforce Compensation | 25% | - Designing compensation plans - Setting up worksheets, approvals, and access - Administering compensation changes and models - Configuring plan cycles and budgets |
| Individual Compensation | 20% | - Managing contributions and approvals - Setting up individual compensation plans - Configuring compensation history |
| Elements, Formulas, and Eligibility | 20% | - Describing element classifications and deductions - Creating element eligibility criteria - Managing fast formulas |
| Base Pay Configuration | 20% | - Managing base pay structures - Defining salary basis - Configuring salary components |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
Question #1
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 Goal Management.
- B. Use both Performance Management ratings and compensation ratings.
- C. Integrate with Oracle Fusion Performance Management.
- D. Integrate with Oracle Fusion Profile Management.
- E. Use compensation performance ratings.
Correct Answer: B,D,E 🗳️
Question #2
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. Multiple payroll elements can be attached a salary basis.
- B. Payroll elements of any classification type can be attached to a salary basis.
- C. 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.
- D. 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.
Correct Answer: B 🗳️
Question #3
As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions?
- A. Compensation items with sources belonging to different legal employers cannot be added.
- B. Edits to compensation categories affect all statement definitions that use that category.
- C. The statement definition consists of compensation items added to compensation categories.
- D. The statement definition acts as a template and determines the layout and content of the generated statement.
- E. Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
- F. Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
Correct Answer: C,E,F 🗳️
Question #4
A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history.
Identify the three correct options regarding the various compensations shown in the history.
- A. Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
- B. The summary in the compensation history shows the data for only five years.
- C. Compensation history displays six categories of compensation.
- D. Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
Correct Answer: B,C,D 🗳️
Question #5
A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan with the following details.
-Name: Variable component -Restrict plan access: Yes -Action: Manage Contributions -Access Level: New -Allocations: Always Allow -Update Allocations: Never Allow -Discontinue Allocations: "Allowed during a specific period" with the period start and end dates
configured.
Identify the correct option for the actions possible.
- A. Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
- B. The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
- C. All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
- D. The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
Correct Answer: C 🗳️
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