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1. 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 displays six categories of compensation.
B) The summary in the compensation history shows the data for only five years.
C) Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
D) Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
2. Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?
A) AssignmentTables
B) Legislative Information
C) Compensation History
D) Person Attributes
3. Which two methods can be used by the Compensation Administrator to publish budgets?
A) Copy budget amounts from a previous cycle.
B) Publish budgets automatically by running the Build Model process.
C) Use a model to distribute budgets.
D) Publish budgets manually.
4. The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?
A) Use both Performance Management ratings and compensation ratings.
B) Integrate with Oracle Fusion Goal Management.
C) Use compensation performance ratings.
D) Integrate with Oracle Fusion Performance Management.
E) Integrate with Oracle Fusion Profile Management.
5. A corporation is implementing Oracle Fusion Compensation Management and needs to set up the
following for all employees:
-Salary paid based on the grades of employees.
-Car allowance paid based on the department and position
-Spot bonus paid based on a committee's decision.
Identify the correct option for the setup.
A) Set up one individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.
B) Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan- Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
C) Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.
D) Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.
Solutions:
| Question # 1 Answer: A,B,D | Question # 2 Answer: A,D | Question # 3 Answer: A,C | Question # 4 Answer: A,C,E | Question # 5 Answer: B |
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