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Exam Code: 1z1-495
Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
Updated: Aug 30, 2026
Q & A: 71 Questions and Answers
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| Section | Objectives |
|---|---|
| Topic 1: Total Compensation Statements | - Statement Definitions |
| Topic 2: Compensation Basics | - Compensation Plan Concepts - Salary and Compensation Components |
| Topic 3: Plan Configuration | - Budgeting and Worksheets - Eligibility and Profiles |
Question 1
Which two methods can be used by the Compensation Administrator to publish budgets?
A. Use a model to distribute budgets.
B. Publish budgets manually.
C. Copy budget amounts from a previous cycle.
D. Publish budgets automatically by running the Build Model process.
Question 2
ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?
A. Action and Action Reasons
B. Salary Component
C. Plan Eligibility
D. Budget Pools
E. Plan Access
Question 3
A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?
A. From the Bank account level
B. From the Legislative Data Group level, because that is the highestlevelin the hierarchy
C. From the input value of the payroll element
D. From the organization payment level, because the compensation is finally paid through this
Question 4
While configuring the Budget page, you are setting the properties of the job column.
Which two sections are available in the properties for the job column?
A. Information
B. Default Value
C. Legal Employee
D. General
Question 5
Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?
A. Person Attributes
B. Compensation History
C. Legislative Information
D. AssignmentTables
Solutions:
| Question 1 Answer: A,C | Question 2 Answer: B | Question 3 Answer: B | Question 4 Answer: A,D | Question 5 Answer: A,D |
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