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1Z0-495 - Oracle Fusion HCM: Compensation 2014 Essentials - Dump Information

Vendor : Oracle
Exam Code : 1Z0-495
Exam Name : Oracle Fusion HCM: Compensation 2014 Essentials
Questions and Answers : 71 Q & A
Updated On : October 19, 2017
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1Z0-495 Questions and Answers

1Z0-495


QUESTION: 62

The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?


  1. Integrate with Oracle Fusion Performance Management.

  2. Use compensation performance ratings.

  3. Use both Performance Management ratings and compensation ratings.

  4. Integrate with Oracle Fusion Goal Management.

  5. Integrate with Oracle Fusion Profile Management.


Answer: B, C, E


QUESTION: 63

A corporation is implementing Oracle Fusion Compensation Management and must set up Compensation history. Identify the three correct options regarding the salary component.


  1. The Base rate shown in the salary section is the most recent pay rate.

  2. The Base rate shown in the salary section is the average of the pay rate for the entire year.

  3. The growth rate shown in the details shows both cumulative and average annual salary growth rates.

  4. The base rate shown in the previous years is the pay rate on 31 December of each year.


Answer: A, B, D


QUESTION: 64

Per yourclient 5 policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. Manager X is currently in a notice period, but his direct reports are still eligible compensation cycle. You observe that the system allows Manager X to administer compensation for his direct reports. You research this and find out that Manager X is still allowed to carry out the compensation allocation because his Eligibility Status is .


  1. Eligible

  2. Ineligible

  3. Restricted

  4. Limited

  5. Provisional


Answer: C


QUESTION: 65

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?


  1. You can add items to statement definitions directly.

  2. To include items in statements you must add items to a compensation category.

  3. You cannot add items to statement definitions directly, and you cannot add items to a compensation category.

  4. You can add items to statement definitions directly, and to include Items in statements you must add items to a compensation category.


Answer: B


QUESTION: 66

While administering compensation for the workforce, Manager X accidentally approves a lower manager's.Which three statements will be true in this case?


  1. The lower-level manager can withdraw the submission and reprocess the compensation allocation.

  2. The lower-level manager's access level is changed to "Approved."

  3. The worksheet goes to next level for approval.

  4. The lower-level manager can still make changes in the worksheet and resubmit it for approval.


Answer: A, B, D


QUESTION: 67

Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y. On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1October 2014. The employee record set up in the plan setting is "Employment terms," while the Legal Employer of Employee X uses a two-tier model.

On which manager's worksheet does Employee X appear?


  1. Manager Y, because this is the original manager of Employee X

  2. Manager Z, because this is the current manager to whom Employee X is reporting


  3. Both Manager Y and Manager Z, because he has worked under both of them during the current cycle

  4. Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan.


Answer: C


QUESTION: 68

While creating acompensation plan, the compensationmanager of your client’sorganizationchooses to enable Compensation Change statement, as an implementationconsultant, which isthe dependantconfigurationthat you would advisethe compensationmanager to platform?


  1. Enable Components and create at least one component (Configure Compensation Component)

  2. Enable the Communication tab type (Configure Worksheet Page Layout)

  3. Enable components and create a component linked to the budget pool (Configure Compensation Components)

  4. Configure related components (Configure Worksheet Page Layout: Detail Table tab)


Answer: A


QUESTION: 69

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?


  1. 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.

  2. 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.

  3. Multiple payroll elements can be attached a salary basis.

  4. Payroll elements of any classification type can be attached to a salary basis.


Answer: D


QUESTION: 70

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?


  1. Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.

  2. Managers can create their own models and use them.

  3. Managers cannot share a model created by them.

  4. Managers can use a model created by compensation professionals.

  5. Access of a model is limited only to the creator of the model.

  6. A model can be shared with the direct reports of the creator.


Answer: A, C, D, F


QUESTION: 71

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.


  1. Compensation history displays six categories of compensation.

  2. Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.

  3. Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.

  4. The summary in the compensation history shows the data for only five years.


Answer: A, C, D


Oracle 1Z0-495 Exam (Oracle Fusion HCM: Compensation 2014 Essentials ) Detailed Information

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  • Oracle Fusion HCM: Compensation 2014 Certified Implementation Essentials exam (1Z0-495) Available in Production

    The Oracle Fusion HCM: Compensation 2014 Certified Implementation Essentials (1Z0-495) exam is designed for individuals who possess a strong foundation and expertise in selling and implementing Oracle Fusion Compensation solutions. This certification ...

    Oracle Certification Exam Retirement

    The Oracle Certification Program plans to retire the certification paths and exams listed below. All Candidates pursuing a retiring certification path have until the retirement date specified to pass the retiring exam(s).

    Retiring Certification Exam Retirement Date Newer Version of Retiring Exam(these exams lead to the newer versions of certification noted in the table below, not the retiring certification paths) 1Z0-322 | Oracle Revenue Management and Billing 2 Implementation Essentials September 30, 2016 None 1Z0-413 | Oracle FLEXCUBE Universal Banking 12 Technical Implementation Essentials September 30, 2016 None 1Z0-415 | Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials September 30, 2016 None 1Z0-422 | Oracle FLEXCUBE Islamic Banking 12 Implementation Essentials September 30, 2016 None 1Z0-423 | Oracle FLEXCUBE Direct Banking 12 Implementation Essentials September 30, 2016 None 1Z0-427 | Oracle Financial Services Analytical Applications Infrastructure 7 Technical Implementation Essentials September 30, 2016 None |Oracle Funds Transfer Pricing and Profitability Management 6 Functional Implementation Essentials September 30, 2016 None 1Z0-444 | Oracle Financial Crime and Compliance Management 6 Functional Implementation Essentials September 30, 2016 None 1Z0-490 | Oracle FLEXCUBE Universal Banking 12 Core Functional Essentials September 30, 2016 None 1Z0-538 |Agile Product Lifecycle Management 9 Essentials September 30, 2016 None 1Z0-535 | Primavera P6 Enterprise Project Portfolio Management Essentials September 30, 2016 1Z0-567 |Primavera P6 Enterprise Project Portfolio Management 8 Essentials 1Z0-572 | Oracle Retail Point-of-Service Technical Essentials September 30, 2016 None 1Z0-855 | Java SE 6 Developer Certified Master Assignment November 30, 2016 None 1Z0-857 | Java SE 6 Developer Certified Master Assignment for Resubmission November 30, 2016 None 1Z0-856 | Java SE 6 Developer Certified Master Essay November 30, 2016 None 1Z0-459 | Oracle Identity Governance Suite 11g Essentials January 28, 2017 1Z0-339 | Oracle Identity Governance Suite 11g PS3 Implementation Essentials 1Z0-578 | Oracle Transportation Management 6 Essentials January 31, 2017 None 1Z0-589 | Oracle Global Trade Management 6 Essentials January 31, 2017 None Retiring Certification Path Retirement Date Newer Version of Retiring Certification Path Oracle Revenue Management and Billing 2 Certified Implementation Specialist September 30, 2016 None Oracle FLEXCUBE Universal Banking 12 Technical Certified Implementation Specialist September 30, 2016 None Oracle FLEXCUBE Universal Banking 12 Advanced Functional Certified Implementation Specialist September 30, 2016 None Oracle FLEXCUBE Islamic Banking 12 Certified Implementation Specialist September 30, 2016 None Oracle FLEXCUBE Direct Banking 12 Certified Implementation Specialist September 30, 2016 None Oracle Financial Services Analytical Applications Infrastructure Technical 7 Certified Implementation Specialist September 30, 2016 None Oracle Funds Transfer Pricing and Profitability Management 6 Functional Certified Implementation Specialist September 30, 2016 None Oracle Financial Crime and Compliance Management 6 Functional Certified Implementation Specialist September 30, 2016 None Oracle FLEXCUBE Universal Banking 12 Core Functional Certified Implementation Specialist September 30, 2016 None Agile Product Lifecycle Management 9 Certified Implementation Specialist September 30, 2016 None Primavera P6 Enterprise Project Portfolio Management Certified Implementation Specialist September 30, 2016 Primavera P6 Enterprise Project Portfolio Management 8 Certified Implementation Specialist Oracle Retail Point-of-Service Certified Implementation Specialist September 30, 2016 None Oracle Certified Master, Java SE 6 Developer November 30, 2016 None Oracle Identity Governance Suite 11g Certified Implementation Specialist January 28, 2017 Oracle Identity Governance Suite 11g PS3 Certified Implementation Specialist Oracle Transportation Management 6 Certified Implementation Specialist January 31, 2017 None Oracle Global Trade Management 6 Certified Implementation Specialis January 31, 2017 None

    Will retakes of the retiring exams be allowed after the retirement date?

    No. Candidates who fail a retiring Oracle Certification Program exam will be able to retake the exam only BEFORE the retirement date. Candidates should keep in mind that there is a 14-day waiting period to retake an Oracle certification exam. Schedule your exam appointment to allow enough time to retake a failed exam should the need arise. Please see above for specific dates.

    Are there alternative certification paths for candidates who do not pass a retiring exam by the retirement date?

    An alternate path option would typically be a later version of a retiring credential or exam. We have listed these alternatives for you in the tables above.

    Will new versions of the certifications and or exams be released?

    Sometimes new versions of certifications will alread 1Z0-495y be available or will be in the planning stages. Information specific to each retiring certification exam or path is posted in the table above.

    I have completed all the exams in my 10g DBA OCP path, but I have not yet completed training. Once I complete training and submit the course form, will I be able to obtain the certification?

    For any retiring 10g certification, you will have 6 months from the retirement date to complete the course submission form and provide details of your required training. After that time, it will not be possible to earn any Oracle Database 10g certification.

    Will I be able to request a printed copy of my certificate once my certification path has retired?

    You will be able to request a printed copy of your certificate for 30 days after your certification path has retired. After that, you can always download and print your eCertificate at certview.oraclem.

    Paid Certification

    Apps2Fusion are passionate about training. Training is our core business and we have been doing this for many many years. We thrive to meet expectations of our trainees and we are Oracle Gold Partners. We work hard to advise trainees with right career paths. We have published various five star rated Oracle Press Books each was best sellers in its category. We have helped many and could help you as well. 

    Oracle HCM: Oracle Fusion HCM Solutions Specialization Criteria

    *U.S. and Canada: Partners in the U.S. and Canada may include transactions with public sector entities for the purposes of achieving Specialization status. However, transactions with public sector entities will not be included in determining any benefit associated with either Specialization or Oracle PartnerNetwork membership (other than Specialization status and use of the associated logo) that is based on the number of transactions, revenue amounts, or any other metric based on sales. Public sector entities include any government, legislature or decision making body, judiciary, court, instrumentality, department, or agency at any level (national, state, city, local, municipal or otherwise); entities managed, controlled or majority owned by government interests; public organizations or foundations of any kind (including political parties, political organizations, or political candidates); and any public international organization, such as, but not limited to, the International Red Cross, United Nations, or the World Bank; and public utilities, public higher education, public K-12 schools, or public healthcare business entities. Availability of Specialization Benefits and Tools is subject to the OPN Policies.

    For questions about the availability of a specific assessment test or any other criteria, please contact the Oracle Partner Business Center.



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