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Oracle 1z0-1062-21 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Incentive Compensation Cloud 2021 Implementation Essentials |
| Exam Number: | 1z0-1062-21 |
| Exam Price: | USD $245 |
| Certificate Validity Period: | 18 months |
| Available Languages: | English |
| Exam Duration: | 105 minutes |
| Passing Score: | 63% |
| Related Certifications: | Oracle HCM Cloud Implementation Specialist |
| Real Exam Qty: | 55-76 |
| Exam Format: | Scenario-Based Questions, Multiple Choice |
| Recommended Training: | Oracle Product Documentation Oracle Incentive Compensation Cloud Implementation Training |
| Exam Registration: | Pearson VUE Scheduling Oracle University Registration |
| Sample Questions: | Oracle 1z0-1062-21 Sample Questions |
| Exam Way: | Online proctored or in-person at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended 6+ months hands-on experience with Oracle HCM Cloud and incentive compensation concepts |
| Official Syllabus URL: | https://education.oracle.com/oracle-incentive-compensation-cloud-2021-implementation-essentials/trackp_1Z0-1062-21 |
Oracle 1z0-1062-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Overview of Incentive Compensation Cloud | 15% | - Key Concepts and Architecture - Security and Access Control - Implementation Methodology |
| Core Setup and Configuration | 25% | - Enterprise Structure and Reference Data - Profile Options and Parameters - Calendars, Periods, and Currencies |
| Classification and Crediting | 20% | - Transaction Classification Rules - Processing Transactions - Crediting Hierarchies and Rules |
| Participants, Payments, and Reporting | 15% | - Maintenance and Troubleshooting - Participant Setup and Hierarchies - Analytics, Dashboards, and Reports - Paysheets and Payment Administration |
| Compensation Plans and Components | 25% | - Performance Measures and Formulas - Earnings and Calculation Logic - Plan Design and Creation - Rate Tables and Tiers |
Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
Acustomer wants to credit one of its sales managers to receive direct credit for each sale in a particular state How can you accomplish this?
- A. Create a team credit rule for this state and assign the participant as a credit receive
- B. Create a direct credit rule, assign all participants reporting to this participant as credit receivers, and set
'State' as qualifier - C. Create a direct credit rule, assign this participant as a credit receiver, and set 'State' as a Qualifier.
- D. Create a rollup hierarchy rule and assign the participant as a credit receiver.
Correct Answer: B 🗳️
The incentive compensation application set the paymentbatchstatus to 'Paid' for a particular period and the payments have to be adjusted for a Which is the correct way to do this?
- A. Payment batches can be edited and reprocessed.
- B. No adjustment can be done for that period.
- C. Pay sheets can be adjustedaccordingly.
- D. Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.
Correct Answer: C 🗳️
Your client wants a research assistant role that has read-only access to all pages accessible to the Compensation Analyst and to assigned participants.
How can this beaccomplished?
- A. Copy the Analyst Role and delete all privileges in the provisioning template other than Read.
- B. Create a new role and add read privileges.
- C. Copy the Participant role and add Analyst Duty Roles.
- D. Create a new role template.
Correct Answer: B 🗳️
Youmust migrate dataforaround 500 participants alongwith attributes, historical Participant Goals, historical transactions. Compensation Plans,classificationrules,andcredit categories in a new Incentive Compensation implementation.Theclientis readyto providedata in afile format that is provided byyou.
Which three templates can you use out of box for data migration?
- A. Incentive Compensation Credit Category Import
- B. Incentive Compensation Participant Import
- C. Incentive Compensation Compensation Plan Import
- D. Incentive Compensation Classification Rule Import
- E. Incentive Compensation Participant Detail Import
- F. Incentive Compensation Participant Goal Import
- G. Incentive Compensation Transaction Import
Correct Answer: A,B,G 🗳️
An Incentive Compensation administrator has set up the 'Point Rewards' as earning type. However, the Sales team has not received the cash compensation during the payout processing.
Which statement istrue to identify the root cause of the error?
- A. The administrator has not associated the participants with the plan components where earning type is
'Point Rewards'. - B. The 'Point Rewards' is a non monetary earning type and the Oracle FUSION IC cannot calculate the rash compensation because the earning type is a non-monetary earning type.
- C. The administrator must have defined'Point Rewards' as a monetary earning type.
- D. The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.
- E. The administrator must select the 'Convert into monetary earning' check box while defining the non-monetary earning type 'Point Rewards'. This allows IC to calculate incentive into cash compensation.
Correct Answer: E 🗳️
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