Oracle 1z0-495 Exam : Oracle Fusion HCM: Compensation 2014 Essentials

1z0-495
  • Exam Code: 1z0-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Updated: Sep 14, 2026
  • Q & A: 71 Questions and Answers

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Oracle 1z0-495 Exam Syllabus Topics:

SectionObjectives
Topic 1: Compensation Foundations in Oracle Fusion HCM- Overview of Compensation Structures
- Role of Compensation in HCM Cloud
Topic 2: Compensation Workflows and Approvals- Workflow Configuration
- Approval Rules
Topic 3: Reporting and Analysis- Analytics in Fusion HCM Compensation
- Compensation Reporting
Topic 4: Compensation Setup and Configuration- Salary Basis and Grades
- Eligibility Profiles
- Manage Compensation Plans
Topic 5: Salary and Bonus Management- Salary Administration
- Bonus and Incentive Plans

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question #1

Which item regarding plan access is not true?

  • A. A compensation administrator's general access cannot be overridden.
  • B. Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
  • C. Compensation administrators have access to all plan configuration tasks for all plans.
  • D. A compensation administrator's general access can be overridden using roles.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

Which three dates are mandatory while creating plan cycles?

  • A. HR Data Extraction Date
  • B. Default Due Date
  • C. Plan Access Start Date
  • D. Worksheet Update Period Start Date
  • E. Evaluation Period Start Date
Reveal Solution  Discussion  0

Correct Answer: A,D,E  🗳️

Question #3

An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process.

  • A. HR Specialist
  • B. Compensation Manager
  • C. Compensation Administrator
  • D. Line Manager
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #4

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 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.
  • B. 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.
  • C. 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,
  • D. 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.
Reveal Solution  Discussion  0

Correct Answer: C,D  🗳️

Question #5

Identify the correct option regarding the Payroll element details in the compensation history setup.

  • A. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
  • B. Any payroll element can be added and all other details are auto-populated including the history category.
  • C. Any payroll element can be added and all other details are auto-populated excluding the history category.
  • D. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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