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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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.

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 >> generate a statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories.
C) 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.
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.

2. 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 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.
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 with the same payroll element. The frequency of both salary basis and the grade rate should match.

3. Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?

A) Display the corporate currency
B) Use fast formula to display the employee currency using conversion rates
C) Set the preferred currency in the worksheet
D) Enable currency switching

4. Which four options are valid refresh options for the Refresh Data process?

A) Refresh Plan Currency
B) Refresh Base and Eligible Salary
C) Refresh Manager Hierarchy
D) Refresh HR Data
E) Refresh Budget Pools
F) Refresh Plan Access
G) Reevaluate Eligibility

5. Which two methods can be used by the Compensation Administrator to publish budgets?

A) Publish budgets automatically by running the Build Model process.
B) Copy budget amounts from a previous cycle.
C) Use a model to distribute budgets.
D) Publish budgets manually.

Solutions: