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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation is implementing Oracle Fusion Compensation Management 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?

A) 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.
B) 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.
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.

2. As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions?

A) Compensation items with sources belonging to different legal employers cannot be added.
B) The statement definition acts as a template and determines the layout and content of the generated statement.
C) The statement definition consists of compensation items added to compensation categories.
D) Edits to compensation categories affect all statement definitions that use that category.
E) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
F) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.

3. 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 automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
B) Compensation history displays six categories of compensation.
C) Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
D) The summary in the compensation history shows the data for only five years.

4. Identify the three choices when configuring approvals.

A) Approve mode
B) Submit mode
C) Auto approval
D) Alternative approve hierarchy

5. A corporation has implemented Oracle Fusion Compensation Management. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue.

A) No components are defined to handle these salary adjustments.
B) Automatic entry is checked at the element eligibility link for the payroll element used.
C) Automatic entry is checked for the payroll element used.
D) Salary basis is configured to be non-updatable.

Solutions: