Oracle 1z1-495 Q&A - in .pdf

  • Exam Code: 1z1-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Updated: Sep 10, 2026
  • Q & A: 71 Questions and Answers
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  • Exam Code: 1z1-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Updated: Sep 10, 2026
  • Q & A: 71 Questions and Answers
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Oracle 1z1-495 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Workforce Compensation25%- Administering compensation changes and models
- Configuring plan cycles and budgets
- Designing compensation plans
- Setting up worksheets, approvals, and access
Topic 2: Individual Compensation20%- Managing contributions and approvals
- Configuring compensation history
- Setting up individual compensation plans
Topic 3: Base Pay Configuration20%- Defining salary basis
- Managing base pay structures
- Configuring salary components
Topic 4: Total Compensation Statements15%- Generating and publishing statements
- Managing statement layouts
- Defining compensation statements
Topic 5: Elements, Formulas, and Eligibility20%- Describing element classifications and deductions
- Creating element eligibility criteria
- Managing fast formulas

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question #1

Which two tasks are true about components in worksheet configurations?

  • A. Each component has to be of a separate type, such as salary or bonus.
  • B. Plans must have at least one component if awarding compensation.
  • C. There is the flexibility to add any number of components within a compensation plan.
  • D. You can create up to five components to represent the different types of compensation that you want to award within a plan.
Reveal Solution  Discussion  0

Correct Answer: C,D  🗳️

Question #2

While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this?

  • A. Active plans are always shown in read-only mode once it is past the eligibility determination date.
  • B. Active plans are always shown in read-only mode until the Worksheet update period starts.
  • C. Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.
  • D. Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

Identify the correct option regarding the Payroll element details in the compensation history setup.

  • A. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
  • B. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.
  • C. Any payroll element can be added and all other details are auto-populated including the history category.
  • D. Any payroll element can be added and all other details are auto-populated excluding the history category.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #4

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. Automatic entry is checked at the element eligibility link for the payroll element used.
  • B. Salary basis is configured to be non-updatable.
  • C. Automatic entry is checked for the payroll element used.
  • D. No components are defined to handle these salary adjustments.
Reveal Solution  Discussion  0

Correct Answer: C,D  🗳️

Question #5

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. Budget Pools
  • B. Plan Access
  • C. Plan Eligibility
  • D. Action and Action Reasons
  • E. Salary Component
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

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