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

  • Exam Code: 1Z0-1049-21
  • Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
  • Updated: Jul 27, 2026
  • Q & A: 180 Questions and Answers

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Workforce Compensation Plans- Plan Configuration
  • 1. Plan Access
    • 2. Budget Setup
      • 3. Worksheet Configuration
        • 4. Column and Component Design
          Topic 2: Compensation Analytics and Reporting- Audit and Monitoring
          - Workforce Compensation Reports
          - Compensation Analytics
          Topic 3: Total Compensation Statements- Statement Configuration
          • 1. Generate Statements
            • 2. Statement Definitions
              • 3. Display Components
                Topic 4: Base Pay- Salary Administration
                • 1. Salary Basis
                  • 2. Grade Rates
                    • 3. Manage Base Pay
                      • 4. Compensation Zones
                        • 5. Salary Components
                          Topic 5: Individual Compensation- Awards and Compensation Management
                          • 1. Compensation History
                            • 2. Spot Bonuses
                              • 3. Individual Compensation Plans
                                Topic 6: Workforce Compensation Processing- Compensation Cycle Management
                                • 1. Plan Validation
                                  • 2. Refresh and Publish Data
                                    • 3. Batch Processes
                                      • 4. Transfer Data to HR
                                        Topic 7: Elements, Balances, and Formulas- Define Elements
                                        - Write Fast Formulas
                                        - Manage Balances
                                        Topic 8: Compensation Foundation- Compensation Components Setup
                                        • 1. Compensation Objects
                                          • 2. Compensation Categories
                                            • 3. Eligibility Profiles

                                              Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

                                              1. Which three dates are mandatory while creating plan cycles? (Choose three.)

                                              A) Plan Access Start Date
                                              B) Performance Rating Date
                                              C) Default Due Date
                                              D) Worksheet Update Period Start Date
                                              E) HR Data Extraction Date
                                              F) Evaluation Period Start Date


                                              2. You create a compensation plan and attach a Compensation Performance rating model to it. While themanager is allocating compensation, he specifies a rating for each of the employees under him. Where will the rating specified by the manager be available? (Choose the best answer.)

                                              A) To the current compensation plan and HR system
                                              B) To the current compensation plan and the Performance Management system
                                              C) Only within the current compensation plan and all cycles associated with it
                                              D) Only within the current compensation plan and the current cycle


                                              3. Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation? (Choose the best answer.)

                                              A) Employee termination
                                              B) Leave of Absence
                                              C) Any custom alert
                                              D) Allocation exceeding target


                                              4. While you are setting up Stock Details, you notice that the details you entered are different from the ones showing up in system.
                                              What could have been the possible reasons for this? (Choose the best answer.)

                                              A) You do not have the privileges to change Stock Details.
                                              B) Network connectivity issue may have hindered your data being sent to the server.
                                              C) You may have forgotten to save the changes made.
                                              D) Another administrator might have accessed these settings after you have saved it.


                                              5. As compensation manager, you are creating a Salary and Bonus earnings compensationitem to define a total compensation statement. Per system requirements, you must select an appropriate source type to show the correct information on the statement.
                                              Select the correct "Source Type". (Choose the best answer.)

                                              A) Formula
                                              B) Salary Basis
                                              C) Payroll Element
                                              D) BenefitBalance


                                              Solutions:

                                              Question # 1
                                              Answer: A,D,F
                                              Question # 2
                                              Answer: C
                                              Question # 3
                                              Answer: B
                                              Question # 4
                                              Answer: D
                                              Question # 5
                                              Answer: B

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