Compensation Questions Flashcards
Your client has a requirement that allows a salary adjustment based on the number of dependents the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called “Family Allowance”. Which option would you use to achieve this? (Choose the best answer.)
A. The Configure Compensation Component task in Manage plans
B. The Salary Component Lookup
C. It is not possible to achieve this, because only the delivered salary components can be used.
D. The Compensation Models
Answer: A
Explanation: Reference: https://docs.oracle.com/cd/E60665_01/common/FAIWC/F1477720AN1CD0E.htm#F14 77720AN1CD0E
A corporation implemented Fusion Compensation and must run a compensation cycle. The corporation has seven different active components in the salary basis. Salaries of all the employees must be updated in bulk mode. Which statement is true about the bulk update using Integrated Workbook? (Choose the best answer.)
A. Integrated Workbook can be used to update all the seven components.
B. Only the first four active components will be loaded at a time by Integrated Workbook.
C. Only the first five active components will be loaded at a time by Integrated Workbook.
D. Only the first six active components will be loaded at a time by Integrated Workbook.
Answer: D
Which two statements are true about Base Pay? (Choose two.)
A. For Base Pay earnings elements, eligibility is determined by the salary basis that is assigned to the worker.
B. You attach elements at various levels in the Salary object hierarchy to create deductions and earnings that can be processed in a payroll run to calculate Base Pay.
C. You attach a single earnings element to each salary basis to hold Base Pay earnings, and assign a salary basis to each worker to calculate Base Pay.
D. You enter a salary basis for each worker that becomes the worker’s Base Pay earnings.
E. For Base Pay earnings elements, eligibility is determined by the deduction basis that is assigned to the worker.
Answer: B, C
Which statement is true regarding elements? (Choose the best answer.)
A. Elements have possibly multiple primary classifications, one secondary classification, and one subclassification.
B. Elements have one primary classification, one secondary classification, and onesubclassification.
C. Elements have possibly multiple primary classifications, possible multiple secondary classifications, and possibly multiple subclassifications.
D. Elements have one primary classification, possibly multiple secondary classifications, and possibly multiple subclassifications.
E. Elements have one primary classification, one secondary classification, and possibly multiple subclassifications.
Answer: E
Explanation: Subclassifications provide a way to feed balances. Elements can have only one primary and secondary classification, but multiple subclassifications. You can create subclassifications or use predefined ones. Once a subclassification is associated with a classification it cannot be associated with another classification. A subclassification name can be reused under different primary classifications, but you will have to create separate balance feeds for each subclassification with the same name.
A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant created a Bonus element with primary classification as Supplemental earning. What is true about the subclassifications for the created element? (Choose the best answer.)
A. Sub-classifications provide a way to feed elements.
B. Once a sub-classification is associated with a classification, it cannot be associated with another classification.
C. A sub-classification name cannot be reused under a different primary classification.
D. Elements can have only one sub-classification.
Answer: B
Explanation: Reference: Subclassifications provide a way to feed balances. Elements can have only one primary and secondary classification, but multiple subclassifications. You can create subclassifications or use predefined ones. Once a subclassification is associated with a classification it cannot be associated with another classification. A subclassification name can be reused under different primary classifications, but you will have to create separate balance feeds for each subclassification with the same name.
Your customer wants line managers to be able to access the active workforce compensation plan during the first three months of the Plan period, but not to update it. The evaluation period start and end dates for the plan are January 1 to December 31 of the year. How should you set this up? (Choose the best answer.)
A. Configure Plan access start and end dates from January1 to March 31 of the year and Worksheet update period start and end dates from April 1 to December 31 of the year.
B. Configure Worksheet update period start and end dates from January 1 to March 31 of the year and Plan access start and end dates from April 1 to December 31 of the year.
C. Configure Plan access start and end dates from January 1 to December 31 of the year.
D. Configure Worksheet update period start and end dates from January 1 to December 31 of the year.
Answer: A
Referenece:
https://docs.oracle.com/en/cloud/saas/human-resources/20d/faiwc/implementing-workforce-compensation.pdf
pg 107
A corporation is implementing Oracle Fusion Workforce Compensation and needs to give a spot bonus for a new hire as well as give the same for special recognition for employees. Identify the correct option that will enable the organization to achieve the desired results. (Choose the best answer.)
A. Configure the spot bonus as an individual compensation plan and add “Hire” as an action. Then, after an employee is hired, this plan can be added to employees anytime.
B. Configure the spot bonus as an individual compensation plan and add “Hire” as an action so that for HR action “Hire”, this bonus can be added. Also add “Manage Individual Compensation,” which will enable Managers to add it to reportees.
C. Configure the spot bonus as an individual compensation plan and add “Hire” as an action so that for HR action “Hire,” this bonus can be added. Also add “Manage Contributions,” which will enable managers to add it to reportees.
D. Configure the spot bonus as an individual compensation plan and add “All” as an action so that this plan can be added to anyone at any time.
Answer: B
You have configured a compensation plan to include ratings from the performance management system. For one particular division, the performance ratings have not been finalized and are shown as blank on the compensation worksheet. The manager updates the performance rating while allocating compensation. What happens in this case? (Choose the best answer.)
A. The rating will be available to only the plan where it is updated.
B. The rating will be available to all plans that are currently active.
C. The rating will be available in the Performance document in the performancesystem.
D. The rating will be available to only the plans where the same manager is involved.
Answer: C
The compensation administrator wants to run the batch process to administer the compensation cycle. Which are the four valid batch processes in terms of the compensation module? (Choose four.)
A. Start Workforce Compensation Cycle
B. Refresh Workforce Compensation Data
C. Transfer Workforce Compensation Data to HR
D. Adjust Workforce Compensation Enrollment Window
E. Back Out Workforce Compensation Data
F. Evaluate Workforce Compensation Participation
Answer: A,B,C,E
Explanation: Reference: https://docs.oracle.com/cloud/latest/common/FAIWC.pdf
Contingent workers are ineligible as per the eligibility rules defined for your organization’s compensation plan. The compensation plan cycle is started. As is the standard practice, the compensation administrator schedules the “Refresh Workforce Compensation Data” nightly. A worker who was a contingent worker is now an employee of the organization and the next day shows up in Manager’s worksheet. How is this possible? (Choose the best answer.)
A. Track Ineligible Workers is selected in the compensation plan.
B. Show Ineligible Workers is selected in the compensation plan.
C. Hide Ineligible Workers is selected in the compensation plan.
D. Process Ineligible Workers is selected in the compensation plan.
Answer: A
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 may have forgotten to save the changes made.
B. Another administrator might have accessed these settings after you have saved it.
C. Network connectivity issue may have hindered your data being sent to the server.
D. You do not have the privileges to change Stock Details.
Answer: B
During the Compensation Review cycle for the year 2014-15, the manager processes his direct reports compensation changes per the model created by him. After making the changes in the worksheet, the manager submits the proposed changes to the next level manager in the hierarchy for approval. What will the Manager status appear as in the workforce compensation area? (Choose the best answer.)
A. In Approvals B. Processed C. Fully Approved D. Submitted E. Work in Progress
Answer: D
A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items. How will you configure this requirement in the Fusion application? (Choose the best answer.)
A. Attach performance bonuses to similar compensation items.
B. Attach performance bonuses to similar compensation categories/subcategories.
C. Attach performance bonuses to similar elements.
D. Attach performance bonuses to similar sources.
Answer: A
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? (Choose the best answer.)
A. Use the Edit button in the Employee’s included area while creating a model to exclude the employee.
B. 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 from, if needed
C. 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.
D. Use the Include check box next to the employee’s name in the Budget worksheet to exclude the employee from the cycle
Answer: C
Identify the four components that can be included in a fast formula. (Choose four.)
A. Output statement B. Input statement C. Comments D. Assignment statements E. Symbolic variables F. Conditions
Answer: B, C, D, F
Explanation: Reference: http://docs.oracle.com/cd/E37583_01/doc.1116/e36894.pdf (p.19)
The compensation plan that is implemented for your customer has a column that defaults based on a dynamic column. However, as per the customer’s requirement, if the value in this column is manually updated in the worksheet by a manager, there should not be any further changes made to it automatically when the “Refresh Data” process is run. How can a compensation administrator achieve this? (Choose the best answer.)
A. by setting up the properties of the column as updatable only once
B. by deselecting the Refresh Data triggering event in the dynamic column
C. by deselecting the Start Compensation Cycle triggering event in the dynamic column
D. by deselecting the Change Worksheet Data triggering event in the dynamic column
Answer: B Explanation: Reference: http://www.oracle.com/technetwork/fusion-apps/compensationguide-1579327.pdf
The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available? (Choose three.)
A. Integrate with Oracle Fusion Performance Management.
B. Use compensation performance ratings.
C. Use both Performance Management ratings and compensation ratings.
D. Integrate with Oracle Fusion Goal Management.
E. Integrate with Oracle Fusion Profile Management.
Answer: A,B,C
A corporation is implementing Oracle Fusion Workforce Compensation and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades. What is the correct way to set up the salary bases? (Choose the best answer.)
A. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.
B. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.
C. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and grade rate need not match.
D. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
Answer: C
As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement? (Choose four.)
A. Element Entry B. Benefit Balance C. Formula D. Payroll Balance E. Deduction Range F. Input Value
Answer: A,B,C,D
You are the compensation manager of a corporation. Which four tasks can you perform while administering compensation for your workforce? (Choose four.)
A. Create and manage models for use by line managers or by administrators to distribute compensation directly to employees.
B. Override line manager allocations, job changes, and performance ratings.
C. Maintain currency rates and access to plans from the watchlist.
D. Override line manager allocations, job changes, and performance ratings.
E. Analyze plan results.
F. Run processes to initiate a compensation cycle.
Answer: A,B,D,E
Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)
A. Compensation Currency Selection B. Compensation Organization Selection C. Compensation Item Selection D. Compensation Person Selection E. Compensation amounts Selection
Answer: C,D
The compensation manager wants to run the batch process to start the compensation cycle. Which statement correctly describes the Back Out Workforce Compensation Data process? (Choose the best answer.)
A. It backs out started and processed events for participants.
B. It removes unneeded transaction data from prior plan cycles.
C. It reverses a completed Start Workforce Compensation Cycle process or removes posted salary, payroll, and HR changes.
D. It backs out unrestricted events for participants.
Answer: C
Explanation: Reference: http://www.erpknowledge.com/
In the workforce compensation work area, the Manager’s Worksheet Status is “In Approvals”. What progress has the compensation manager made through a workforce compensation cycle? (Choose the best answer.)
A. A budget was published to the manager.
B. The manager submitted his or her worksheet for approval.
C. The first-level manager approved the manager’s worksheet.
D. The highest-level manager or approver in the approval hierarchy approved the manager’s worksheet.
E. The manager saved some changes to his or her worksheet.
Answer: C
As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence. Select the correct sequence to construct a total compensation statement. (Choose the best answer.)
A. Create compensation items > attach the items to compensation categories > arrange categories hierarchically in the statement definition > specify the statement period and display options > generate the statement.
B. Create compensation items > specify the statement period and display options > arrange categories hierarchically in the statement definition > attach items to compensation categories > generate the statement.
C. Create compensation items > generate a statement > specify the statement period and display options > arrange categories hierarchically in the statement definition > attach items to compensation categories.
D. Create compensation items > attach the items to compensation categories > generate the statement > specify the statement period and display options > arrange categories hierarchically in the statement definition.
Answer: A
You are creating grade rates. What values are necessary for any grade rate that you create? (Choose the best answer.)
A. Minimum, Maximum, Mid Point, and Value
B. Minimum, Maximum, Mid Point, or Value
C. Minimum, Maximum, and Value
D. Minimum, Maximum, or Value
Answer: D
Explanation: Generate a warning message when a manager or compensation professional enters a new or adjusted salary that is outside the minimum or maximum values defined for the worker’s grade in the grade rate attached to the salary basis.
A corporation has implemented Oracle Fusion Workforce Compensation. The consultant creates multiple elements to meet the business requirements. Which three statements will help him to make a decision about the element classification? (Choose three.)
A. Primary classifications are provided mainly to reflect tax legislation.
B. Secondary classifications are subsets of the primary classifications.
C. Predefined primary classifications cannot be removed or changed.
D. Predefined secondary classifications can be removed or changed.
E. Elements can have multiple primary and multiple secondary classifications.
Answer: A,B,C
Explanation: Reference: https://docs.oracle.com/cloud/farel8/globalcs_gs/OAWRK/F1174250AN60F28.htm (man age element classifications)
Your client’s organization is a multi-country organization with headquarters in the US. All employees are covered under one global compensation plan. However, the managers in each country want to administer compensation in their country’s respective currency. How would you enable this feature? (Choose the best answer.)
A. Set the preferred currency in the worksheet.
B. Enable Currency Switching.
C. Display the corporate currency.
D. Use fast formula to display the employee currency using conversion rates.
Answer: B Explanation: Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387136AN11E5B.htm
A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up compensation history. Identify the three correct options regarding the various compensations shown in the history. (Choose three.)
A. Compensation history displays six categories of compensation.
B. Compensation history automatically retrieves salary and stock-related information. The Recruiting payments and other categories have to be added manually.
C. Compensation history shows one-time payments in other compensation and allowances paid regularly in recruiting payments.
D. The summary in the compensation history shows the data for only five years.
Answer: B,C,D
When compiling Fast Formula, you receive the error message “Database item PER_ASG_ATTRIBUTE3 must have a DEFAULT statement because it was specified that null or not found is allowed.” What is the cause of the error? (Choose the best answer.)
A. misuse of context
B. uninitialized variable
C. incorrect operator usage
D. syntax error
Answer: B
The Budget Pool Storage Method selected is “Amount.” One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle. What will be the effect on the budget allocated to the Line Manager? (Choose the best answer.)
A. The published budgets change when a manager’s total eligible salary changes, such as when workers are reassigned.
B. The published amounts stay with the manager when workers are reassigned or their eligibility changes.
C. The published budgets change when a manager’s total eligible salary changes, such as when workers eligibility changes.
D. The published budgets is always a percentage of the total budget pool.
Answer: B
A corporation has implemented Oracle Fusion Workforce Compensation and set up an individual compensation plan with the following details.
- Name: Variable component
- Restrict plan access: Yes
- Action: Manage Contributions
- Access Level: New
- Allocations: Always Allow
- Update Allocations: Never Allow
- Discontinue Allocations: “Allowed during a specific period” with the period start and end dates configured.
Identify the correct option for the possible actions. (Choose the best answer.)
A. All Employees will be able to start the contribution anytime, update never, but discontinue during the period defined.
B. Only managers will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
C. The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
D. The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
Answer: A
You are configuring a plan cycle date that should be visible to managers on the Approvals tab so that they can submit their worksheets before that date. But you do not want to enforce the date because you want the managers to be able to submit their worksheets even after the date is past. Which date should you use? (Choose the best answer.)
A. HR extraction date B. currency conversion date C. default date due D. evaluation period start and end dates E. worksheet update start and end dates
Answer: C
A corporation has implemented Oracle Fusion Workforce Compensation. The requirement is that Bonus Amount should be given only to the Full-Time Assignment category employees who work on weekly payroll. Additionally, the costing information must be transferred to General Ledger. Which implementation approach is correct for creating the required element? (Choose the best answer.)
A. creating an input value and setting up costing information at the input value level
B. creating status processing rules and setting up costing information at the status processing level
C. creating an element eligibility link and setting up costing information at the link level
D. creating an auto-indirect rule and setting up costing information at the auto-indirect level
Answer: C
Explanation: Reference: https://docs.oracle.com/cd/E18727_01/doc.121/e13559/T8916T8918.htm
A corporation is implementing Oracle Fusion Workforce Compensation and must set up compensation history. Identify the three correct options regarding the salary component. (Choose three.)
A. The base rate shown in the salary section is the most recent pay rate.
B. The base rate shown in the salary section is the average of the pay rate for the entire year.
C. The growth rate shown in the details shows both cumulative and average annual salary growth rates.
D. The base rate shown in the previous years is the pay rate on 31 December of each year.
Answer: A,C,D
If you enable Performance Ratings and rate workers within Workforce Compensation, which two statements are true? (Choose two.)
A. Managers can rate workers as they allocate compensation.
B. These ratings are used across compensation plan and cycles.
C. The ratings are transferred to the Performance Management system or to HR.
D. You can display compensation ratings given in the previous plan cycle as a column in the worksheet.
Answer: A,D
Plan access restrictions control the situations in which an individual compensation plan is available for allocations or contributions by a line manager or worker, and regulate a user’s ability to create, update, or discontinue allocations or contributions under the plan. What are three common decisions to make about plan access? (Choose three.)
A. If user access should be based on career levels or earnings thresholds
B. If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle
C. if there should be a “white list” name criteria for access to the plan
D. if plan access should be related to HR actions
E. if there should be a time period in which a user can create, update, or discontinue allocations or contributions
F. whether or not to restrict access to the plan at all
Answer: D,E,F
Explanation: Reference: http://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F642623AN4283B.htm
A corporation needs to set up a compensation plan for a vehicle allowance that will allow different amounts for different types and models of vehicles. How can you achieve the desired results? (Choose the best answer.)
A. Configure one compensation plan and add as many options as three are allowed for vehicle types and models. Define eligibility and associate the same payroll element to all the options such that an employee can use only one option.
B. Configure as many compensation plans as there are allowed types and models of vehicles, because options cannot have eligibility profiles associated, and use different payroll elements for each of them.
C. Configure one compensation plan, add as many options as there are allowed for different types and models. Define eligibility and associate the different payroll elements to all the options such that any payroll element can be associated with only one plan and option.
D. Configure as many compensation plans as there are different types and models, because options cannot have associated eligibility profiles, and use the same payroll element for all of them.
Answer: C
A worker complains to the Human Resources department that the total amount does not add up to the amount of salary received in the bank. The department informs the worker that certain items that are shown in the Compensation Statement do not comprise the actual amount paid. The department now wants to make the statement more relevant to workers to avoid such situations. What should you do to accommodate this requirement? (Choose the best answer.)
A. For each item, specify the Excluded from Gross amount option to indicate that this compensation is not the actual amount paid.
B. For each item, specify the Estimated amount option to indicate that this compensation is not the actual amount paid.
C. For each item, specify the Unpaid amount option to indicate that tis compensation is not the actual amount paid.
D. For each item, specify the Indicative amount option to indicate that this compensation is not the actual amount paid.
Answer: B
You are required to explain to your client the use of Hierarchy design in Compensation Process. Which two Compensation-related activities use Hierarchy? (Choose two.)
A. Approval routing B. Allocating budgets C. Plan access D. Sending Compensation alerts E. Feedback survey
Answer: A,B
A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.
Now, one of Manager 2’s employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage? (Choose the best answer.)
A. No impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
B. Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.
C. Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
D. Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
Answer: A
When upper-level managers change the plan access of one or more lower-level managers, they receive a notification informing them about the change in access. Which option do they receive to act on the notification? (Choose the best answer.)
A. Accept
B. Reject
C. Dismiss
D. Reply
Answer: C
What is the relationship between Net Pay and Earnings? (Choose the best answer.)
A. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the deductions calculated for the run.
B. Net Pay is a calculated balance that is standard earnings minus all the deductions calculated for the run.
C. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings for the run.
D. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the non-voluntary deductions calculated for the run.
Answer: A
Explanation: Reference: https://docs.oracle.com/cd/E37583_01/fusionapps.1116/e20379/F720777AN425A7.htm (remuneration)
Your customer wants to configure a workforce compensation plan with multiple cycles. Identify two correct statements about plan cycles. (Choose two.)
A. A plan can have multiple compensation cycles, each with unique period dates.
B. A plan can have multiple compensation cycles, each with same period dates.
C. You can duplicate a cycle and specify the number of months to advance all dates.
D. Each plan that requires a different cycle must be created manually.
Answer: A,C
You create a compensation plan and attach a Compensation Performance rating model to it. While the manager 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. Only within the current compensation plan and all cycles associated with it
B. Only within the current compensation plan and the current cycle
C. To the current compensation plan and the Performance Management system
D. To the current compensation plan and HR system
Answer: B
A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup. (Choose two.)
A. 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.
B. 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.
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 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.
Answer: A,D
Your customer’s compensation manager needs to know, what are the four valid statuses of the compensation worksheet? (Choose four.)
A. Budget Available B. Started C. Submitted D. Partially approved E. Unprocessed F. Fully Approved G. Processed H. Closed
Answer: A,C,F,G
Explanation: Reference: https://docs.oracle.com/cloud/farel8/globalcs_gs/FACMC/F1098201AN10E27.htm#F10 97486AN1101C
What happens if you include ineligible workers on the worksheet? (Choose the best answer.)
A. It displays ineligible workers but managers can allocate compensation, promote workers, and rate worker performance.
B. It displays ineligible workers but managers cannot allocate compensation, promote workers, or rate worker performance.
C. It does not display ineligible workers and managers cannot allocate compensation, promote workers, or rate worker performance.
D. It does not display ineligible workers but managers can allocate compensation, promote workers, or rate worker performance.
Answer: B
Which three tasks are part of Plan Foundation Configuration Options? (Choose three.)
A. Components B. Plan Currency C. Plan Access D. Alerts E. Feedback Survey
Answer: B,C,E
Explanation: Reference: http://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F606893AN43594.htm( plan foundation)
Your customer’s Workforce Compensation Plan for Annual Salary Review is set up with the following dates in the Plan Cycle:
- Evaluation Period Start Date: 1-Jan-2014
- Evaluation Period End Date: 31-Dec-2014
- Worksheet Update Period Start Date: 1-Jan-2014
- Worksheet Update Period End Date: 31-Dec-2014
- HR Data Extraction: 31-Dec-2014
- Eligibility Determination Date: 31-Dec-2014
There is a worker with a termination date of 30-Oct-2014. When the Transfer Data to HR process is run, it fails for this worker. What should you do to successfully add the lump sum award element entries and salary adjustments? (Choose the best answer.)
A. The worker termination date should be changed to reflect the same date as the HR Data Extraction date.
B. The salary adjustment or lumpsum effective date must be later that the worker’s payroll last standard process date.
C. The salary adjustment or lumpsum effective date must be earlier than or equal to the worker’s termination date.
D. The salary adjustment or lumpsum must be manually calculated and added for such workers.
E. Terminated workers should be excluded from being processed in Workforce Compensation plans.
Answer: C
After the compensation plan was configured, the Validate Plan Setup process was run successfully with no warnings or errors. However, when the worksheet is accessed by a Line Manager, the Line Manager notices that employees who are ineligible are also visible in the worksheet despite running the Validate Plan Setup process. What is the reason for this? (Choose the best answer.)
A. The Validate Plan Setup process does not validate eligibility profiles.
B. The compensation administrator did not run the Validate Plan Setup process and run the Start Compensation Cycle process instead.
C. The Validate Plan Setup process failed to report errors from the eligibility profiles.
D. The Validate Plan Setup process showed a warning about errors on the eligibility profiles, which was ignored by the compensation administrator.
Answer: A
How can you use an earnings element to manage the calculation and payment of absences? (Choose the best answer.)
A. Ensure that the input to the salary database item formula from the earnings element processes the absence element as Absence classification because payroll runs do not process elements in the Information or Absence classifications.
B. Define a skip rule for the earnings element that triggers processing when it finds an entry for a non-absence element because payroll runs process elements in the Information or Absence classifications.
C. Define the earnings element as nonrecurring for the absence element because payroll runs do not process nonrecurring elements in the Information or Absence classifications.
D. Define a skip rule for the earnings element that triggers processing when it finds an entry for the absence element because payroll runs do not process elements in the Information or Absence classifications.
Answer: D
Explanation: Reference: http://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F566545AN4D67C.htm (using the information or absence classification)
Your client’s compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track work experience of people? (Choose the best answer.)
A. Employment-based eligibility criteria suing hire date
B. Derived –factor-based eligibility criteria using length of service
C. User-defined-criteria-based eligibility profile using hire date
D. Employment-based-eligibility-criteria using length of service
Answer: B
A corporation has set up an individual compensation plan for a contribution. This contribution needs an approval hierarchy to be set up. Identify the four correct options regarding approval setup. (Choose four.)
A. Approvals can be set up to be completed when one of the approvers takes an action such as Approve or Reject.
B. The notifications sent to the approvers can be made actionable.
C. Expiry, Escalation, and renew settings are possible for notifications.
D. Reminders can be set for a fixed duration either before expiration or after assignment.
E. Task attachments cannot be sent using email notifications. D
Answer: A,B,C,D
Which item is false regarding plan access? (Choose the best answer.)
A. Compensation administrators have access to all plan configuration tasks for all plans.
B. Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
C. A compensation administrator’s general access cannot be overridden.
D. A compensation administrator’s general access can be overridden using roles.
Answer: C
Explanation: Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387136AN11E5B.htm(plan foundation, second bullet)
Which four options are valid refresh options for the Refresh Data process? (Choose four.)
A. Refresh HR Data B. Refresh Base and Eligible Salary C. Refresh Plan Access D. Refresh Manager Hierarchy E. Reevaluate Eligibility F. Refresh Plan Currency G. Refresh summary totals
Answer: A,B,E,G
Explanation: Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387136AN11E5B.htm(refres h column defaults)
Your customer’s compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs there. Which feature of Oracle Fusion Workforce Compensation can be used to achieve this? (Choose the best answer.)
A. Budget Pools B. Plan Eligibility C. Salary Component D. Action and Action Reasons E. Plan Access
Answer: C
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. Allocation exceeding target
B. Employee termination
C. Leave of Absence
D. Any custom alert
Answer: C
Explanation: Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387136AN11E5B.htm(see the note under worksheet)
The compensation administrator wants to run Purge Workforce Compensation Data for one of the past compensation plans because the transaction data from that period is not required anymore. However, the compensation administrator does not get the option to include the said plan. What is the reason for this? (Choose the best answer.)
A. Purge Workforce Compensation Data cannot be run because the Transfer Workforce Compensation Data to HR process has already been run and compensation data transferred to HR.
B. Purge Workforce Compensation Data can be run only for compensation plans with Inactive status.
C. Purge Workforce Compensation Data can be run only after Back Out Workforce Compensation Data is run with the “Full Back Out” option.
D. Purge Workforce Compensation Data can be run only for compensation plans that are valid for the future.
Answer: C
As a compensation executive, you are required to upload stock data sent by a vendor of a corporation into the Fusion application. Which option is the correct method to do so? (Choose the best answer.)
A. Manage Stock Grants»_space; Import Items
B. Manage Stock Grants»_space; Import Category
C. Manage Stock Grants»_space; Import Source
D. Manage Stock Grants»_space; Prepare Import Spreadsheet
Answer: D
Explanation: Reference: https://docs.oracle.com/cd/E37017_01/fusionapps.1115/e20376/F668086AN4EC23.ht m(last line of the page)
Your client has a requirement where work-at-home assignments are not eligible for an employee compensation revision cycle. To facilitate capturing work-at-home assignment, you have created a custom column and associated a List of Values (LOV) with values “Yes” and “No”. Now you wish to create an eligibility profile around this. Which is the correct option? (Choose the best answer.)
A. User-defined-criteria-based eligibility profile on “Work-at-home” and value = “Yes” with exclude option selected
B. User-defined-criteria-based eligibility profile on “Work-at-home” and value = “Yes” with exclude option deselected
C. User-defined-criteria-based eligibility profile on “Work-at-home” and value = “No” with exclude option selected
D. Derived-factor-based eligibility profile based on the “Work-at-home” column
Answer: A
An organization provides compensation such as salary and bonus earnings for its workers. It also tracks commissions and company-paid taxes for them. Which two statements are true when configuring the items? (Choose two.)
A. Benefit Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
B. Element Entry will require you to specify the Legislative Data Group as the Additional Data Entry.
C. Formula will require you to specify the Legislative Data Group as the Additional Data Entry.
D. Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
Answer: B,D
Which three statements are true about payroll deductions? (Choose three.)
A. Wage basis rules are defined at the personal level and the context value for the rule is captured on the deduction card.
B. The rates and rules that are defined on a personal deduction card cannot override the values that are defined in the deduction ranges at the legislative level.
C. A personal deduction card contains person-specific information that is used to calculate the deduction amount.
D. The deduction element’s status processing rule drives the calculation, accessing the rates and rules that are defined for the related payroll deduction and the values that are captured on a personal deduction card.
E. A payroll deduction comprises the rates and rules that are used to calculate the deduction amount.
Answer: C,D,E
Explanation: Reference: http://docs.oracle.com/cd/E36909_01/fusionapps.1111/e20379/F720777AN456E2.htm
Which two tasks are true about components in worksheet configurations? (Choose two.)
A. Plans must have at least one component if awarding compensation.
B. You can create up to five components to represent the different types of compensation that you want to award within a plan.
C. Each component has to be of a separate type, such as salary or bonus.
D. There is the flexibility to add any number of components within a compensation plan
Answer: A,B
Explanation: Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387136AN11E5B.htm(see worksheet, first bulleted point)
You have created a total compensation statement. However, you are not able to see one of the categories in the summary section on the left pane. What is the reason for this? (Choose the best answer.)
A. The category does not have employee contribution.
B. The category does not have employer contribution.
C. The category has been added as a subcategory.
D. The category does not have a graph defined in it.
Answer: C
What are the two correct options with respect to budgeting when the salary has multiple components? (Choose two.)
A. Budgets can be separate for each component.
B. Budgets cannot be separate for each component.
C. Multiple components can have a single budget.
D. Multiple components cannot have a single budget.
Answer: A,C
Explanation: If you use budgeting, you can have separate budgets for each component or link multiple components to a single budget. You can also link budgets to off-cycle compensation plans. For example, you can give a manager a single annual budget amount and draw both focal and off-cycle awards from the same budget pool. Once you enable budgeting, you configure how data displays on the budget page, such as data display order, available menu actions, and text instructions to the managers. Also, you can copy a budget page layout from another plan.
When a manager clicks the “Prepare in workbook” option, while processing compensation changes, what population would she or he see in the exported Excel spreadsheet? (Choose the best answer.)
A. Budget sheet population B. Worksheet population C. Entire organization’s population under that manager D. Direct Reports E. The filtered population
Answer: C
Explanation: Reference: https://docs.oracle.com/cloud/latest/common/FACMC.pdf(page 18, last topic, last sentence)
Performance ratings are enabled in the compensation plan. Which three statements are correct regarding performance ratings? (Choose three.)
A. If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
B. You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
C. You cannot make completed performance document and corresponding ratings from Oracle Fusion Performance Management available to managers in the compensation worksheet.
D. You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
Answer: A,B,D
Explanation: Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387136AN11E5B.htm(worksheet, performance ratings)
Identify the four correct options about the summary tables in the compensation history. (Choose four.)
A. The Salary summary table gives detailed information about salary history, percentage change, compa-ratio, and growth rate.
B. The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.
C. The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.
D. The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.
E. The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.
Answer: A,B,C,D
While configuring Workforce Compensation Plan, you specify Performance Rating date in Plan Cycle as the same in multiple plans. What will happen when the manager updates a compensation performance rating in the worksheet of one plan? (Choose the best answer.)
A. The rating will be available to only the plan where it is updated.
B. The rating will be available to all plans that are currently active.
C. The rating will be available to all plans with the same Performance Rating date in Plan Cycle.
D. The rating will be available to only the plans where the same manager is involved.
Answer: C
While implementing, you are grouping compensation items and categories for displaying them together. Therefore, when planning how to group compensation items and categories, you must consider which three options? (Choose three.)
A. Category Type B. Contribution Type and Unit of Measure C. Level of detail D. Statement definitions E. Compensation Items F. Category Detail
Answer: A,B,C
Explanation: Group related compensation together into compensation categories for display in total compensation statements. When planning how to group compensation items and categories for display, you must consider the following factors:
Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387366AN19E05.htm
As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for Salary, Merit Increase, and so on. Identify one set of values that Compensation Items can hold. (Choose the best answer.)
A. Monetary, Nonmonetary, Date, Text
B. Monetary, Nonmonetary, Timestamp, Text
C. Monetary, Timestamp, Boolean
D. Monetary, Nonmonetary, Date, Boolean
Answer: A
Explanation: Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387366AN19E05.htm
