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Oracle Fusion HCM: Compensation 2014 Essentials - 1z1-495 real prep

1z1-495
  • Exam Code: 1z1-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Updated: Jul 14, 2025
  • Q & A: 71 Questions and Answers
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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup.

A) Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis,
B) Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
C) Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
D) Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.


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


3. You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?

A) Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
B) The Compensation Administrator or equivalent role is not attached to your plan.
C) Access to the Compensation Administrator role is restricted in Plan Access.
D) Your user role does not have access to view the plan.
E) Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."


4. 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 Edit button in the Employee's included area while creating a model to exclude the employee.
B) 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.
C) Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
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.


5. 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) 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.
B) 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.
C) Multiple payroll elements can be attached a salary basis.
D) Payroll elements of any classification type can be attached to a salary basis.


Solutions:

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

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