Oracle Compensation Cloud 2026 Implementation Professional

QUESTION NO: 1
You want to use the Workforce Compensation Budget pool for a workforce compensation plan. Select the tasks to be performed, in the correct sequence. (Choose the best answer.)

A. Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details, Run the Start Compensation Cycle process. B. Create the workforce compensation plan, Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process C. Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details. D. Create the workforce compensation plan, Configure the workforce compensation plan details, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process. E. Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.

Correct Answer: D

QUESTION NO: 2
Your customer has employees located in four countries (Unites States, Japan, India, and Germany) and each country has a specific salary range. How would you configure the salary bases? (Choose the best answer.)

A. Create one salary basis and four different grade rates, and attach the grade rate to the salary basis at the employee level. B. Create one salary basis and one grade rate, and define different ranges for the salary basis at the employee level. C. Create four salary bases and four grade rates, and attach the grade rates to the salary bases. D. Create four salary bases and one grade rate, and define different ranges for the same grade rate while attaching the grade rate to the salary bases.

Correct Answer: C

QUESTION NO: 3
Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)

A. Compensation amounts Selection B. Compensation Person Selection C. Compensation Organization Selection D. Compensation Item Selection E. Compensation Currency Selection

Correct Answer: B,E

QUESTION NO: 4
Which three tasks are part of Plan Foundation Configuration Options? (Choose three.)

A. Alerts B. Components C. Plan Currency D. Feedback Survey E. Plan Access

Correct Answer: B,C,E

QUESTION NO: 5
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? (Choose three.)

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

Correct Answer: B,E,F

QUESTION NO: 6
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. The summary in the compensation history shows the data for only five years. B. Compensation history automatically retrieves salary and stock-related information. The Recruiting payments and other categories have to be added manually. C. Compensation history displays six categories of compensation. D. Compensation history shows one-time payments in other compensation and allowances paid regularly in recruiting payments.

Correct Answer: A,B,D

QUESTION NO: 7
You are responsible for configuring variable allocations to manage approvals for individual compensation plans. Your company wants to control plan availability by using defaults. What are the default attributes of the actionable Variable Allocation task? (Choose the best answer.)

A. The task applies to all allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver. B. The task applies to selected allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver. C. The task is only for notification and has no rules. D. The task applies to all allocations, uses two levels of the Supervisory list builder, and does not require a response from the current approver.

Correct Answer: B

QUESTION NO: 8
You are the compensation manager of a corporation. Which four tasks can you perform while administering compensation for your workforce? (Choose four.)

A. Analyze plan results. B. Create and manage models for use by line managers or by administrators to distribute compensation directly to employees. C. Maintain currency rates and access to plans from the watchlist. D. Override line manager allocations, job changes, and performance ratings. E. Override line manager allocations, job changes, and performance ratings. F. Run processes to initiate a compensation cycle.

Correct Answer: B,D,E,F

QUESTION NO: 9
While working on the compensation changes in an Excel workbook, a manger selects the Upload option and then tries to immediately download the uploaded dat a. As a consultant, you advise him not to do so because of which reason? (Choose the best answer.)

A. This action causes the committed data to download immediately, thereby obscuring the error messages. B. This action causes the committed data to roll back, thereby revoking the changes processed. C. The data uploaded takes some time to be processed by the server and, therefore, when download is clicked immediately, it might still show the older data. D. When the Upload button is clicked, the data is loaded to a staging table and an upload process is triggered. This process has to complete successfully before the new data can be downloaded.

Correct Answer: D

QUESTION NO: 10
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. (Choose the best answer.)

A. Line Manager B. Compensation Manager C. Compensation Administrator D. HR Specialist

Correct Answer: A

QUESTION NO: 11
As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct? (Choose the best answer.)

A. You can add items to statement definitions directly. B. You cannot add items to statement definitions directly, and you cannot add items to a compensation category. C. To include items in statements you must add items to a compensation category. D. You can add items to statement definitions directly, and to include items in statements you must add items to a compensation category.

Correct Answer: C

QUESTION NO: 12
An employee of a corporation is on a weekly payroll with an hourly rate of 20 USD. Identify the correct option for the frequency shown in the base rate of compensation history. (Choose the best answer.)

A. the frequency of the employee's salary basis B. hourly, because the employee has hourly pay C. annually, because the history must always be shown with annual amounts D. weekly, because the employee is on a weekly payroll

Correct Answer: D

QUESTION NO: 13
A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up the Deductions options.
If Deduction cards are supported at multiple levels, which task in the Setup and Maintenance Work area is used to create deduction card overrides at the Payroll Statutory Unit level? (Choose the best answer.)

A. Manage Payroll Deductions B. Manage Legal Entity Deduction Records C. Manage Legal Reporting Unit Deduction Records D. Manage Personal Deductions

Correct Answer: C

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QUESTION NO: 14
Identify three correct statements about changes in an employee's compensation when the employee's FTE value changes in employment. (Choose three.)

A. If the salary record has the end date before the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value. B. If the salary start date is after the current date (that is, it is a future-dated salary record), the FTE value is fetched as of the salary start date and Annual Salary and Annual FT Salary are calculated by using that value. C. If the salary record end date is the same as the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value. D. If the salary record has the end date after the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value. E. If the salary record end date is 31-DEC-4712 (that is, the date is "blank" in the salary UI), the FTE value is fetched as of the current system date and Annual Salary and Annual FT Salary are calculated by using that value.

Correct Answer: E

Oracle Compensation Cloud 2026 Implementation Professional - 1Z0-1049-26 Exam Questions