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Oracle Compensation Cloud 2021 Implementation Essentials : 1Z0-1049-21

1Z0-1049-21

Exam Code: 1Z0-1049-21

Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials

Updated: Aug 26, 2026

Q & A: 180 Questions and Answers

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Oracle 1Z0-1049-21 Exam Syllabus Topics:
SectionObjectives
Topic 1: Compensation Plans and Cycles- Plan Design and Eligibility Rules
- Cycle Setup and Administration
Topic 2: Setup and Configuration- Enterprise Structures and Security Setup
- Basic Compensation Configuration
Topic 3: Compensation Cloud Overview- Core Concepts of Workforce Compensation
- Key Features and Business Use Cases
Topic 4: Approvals and Security- Role-Based Access Control
- Approval Workflow Configuration
Topic 5: Reporting and Analytics- Dashboards and Metrics
- Standard Compensation Reports
Topic 6: Implementation and Maintenance- System Maintenance and Updates
- Deployment Considerations
Topic 7: Budgeting and Workforce Compensation- Manager Budget Distribution
- Budget Allocation Methods
Topic 8: Worksheet Management- Manager and Employee Interaction
- Worksheet Configuration and Fields
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question 1

A corporation has implemented Oracle Fusion Workforce Compensation. Oracle Fusion Supplemental Earning Elements must now be created to capture ad hocpayments for eligible workforce.
Which two statements are true about element eligibility criteria for such elements? (Choose two.)

A. Some element eligibility criteria may not be available, depending onthe level at which the element is attached.
B. You cannot define multiple eligibility criteria for each element in any case.
C. You candefine multiple eligibility criteria for each element, but there must not be any overlap between them.
D. You can define multiple eligibility criteria for each element, but there must be an overlap between them.


Question 2

What classification can you use if employees submit timecards and you want absences taken by these employees to show on the statement of earnings? (Choose the best answer.)

A. Either Standard Earnings or Absence Classification
B. Information Classification
C. Absence Classification
D. Any classification will result in the absences showing
E. Standard Earnings Classification
F. Either Absence or Information Classification


Question 3

An organization uses Compensation Statement for its workers in the UK. One of the categories used in the statement has the display name as One-Time Bonus. As an implementation consultant, you are in the process ofconfiguring a new Compensation Statement for workers in India. You decide to reuse the category for the new Compensation Statement. In the process of configuring the Statement Definition, you update the Compensation Category display name to Annual Bonus. However, when the Compensation Statement for workers in the UK displays, it continues to show the Category display name as One-Time Bonus.
What is the cause for this? (Choose the best answer.)

A. Workers in the UK need to refresh their statements in order to see the updated display name.
B. After the Compensation Statement is generated for workers in India, the Category display name of Annual Bonus will start reflecting in the Compensation Statement of workers in the UK.
C. The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions.
D. The Compensation Category display name is specific to a Statement Definition.


Question 4

While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps wouldhe or she need to perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposal and submitting it for approval? (Choose four.)

A. Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
B. Repeat the steps as many times asnecessary to accommodate the revisions.
C. Download and authenticate workbooks.
D. Edit the workbook data.
E. Resolve errors created by the uploaded file.
F. Filter the editsand upload only the edited fields.


Question 5

While configuring the Budget page, which five tabs are available in Page Layout? (Choose five.)

A. Summary
B. Information
C. Comments
D. Detail table
E. Budgeting
F. Worker List
G. Actions


Solutions:

Question 1
Answer: B,C
Question 2
Answer: E
Question 3
Answer: B
Question 4
Answer: A,C,E,F
Question 5
Answer: A,D,E,F,G

1Z0-1049-21 Related Exams
1Z0-1050-24 - Oracle Payroll Cloud 2024 Implementation Professional
1z0-1049-22 - Oracle Compensation Cloud 2022 Implementation Professional
1z0-1049-20 - Oracle Compensation Cloud 2020 Implementation Essentials
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