Oracle 1Z0-1050 Online Practice Questions and Exam Preparation

Oracle 1Z0-1050 Online Questions & Answers

• Question 1:

  A customer's organization has a grade structure with four grades –C1, C2, C3, and C4. You have a car allowance element, which is at Assignment level, for which only the employees with grade C3 and C4 are eligible. You should not be able to create an element entry for employees with grades C1 and C2.

  How do you define the element eligibility for Car Allowance element?

  A. Define the element eligibility as an Open Eligibility and create an element entry only for employees with grades C3 and C4.
  B. Define multiple element eligibilities using grade C1, C2, C3, and C4, but create an element entry only for employees with grades C3 and C4.
  C. Define multiple element eligibilities using grade C3 and C4 only.
  D. You cannot meet the requirement as you cannot create element eligibility using grade as the eligibility criteria.
  A. Define the element eligibility as an Open Eligibility and create an element entry only for employees with grades C3 and C4.

• Question 2:

  Your customer's bonus payments are based on a percentage of salary. Therefore, salary must be calculated before bonus in the payroll run. How do you determine the element processing sequence within a payroll run?

  A. Use the default priority of the primary classification of the element.
  B. Alter the sequence of the elements on the element entries page.
  C. Set the effective process priority within the element entries page.
  D. Set the priority of the element on the element definition page.
  D. Set the priority of the element on the element definition page.

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  Reference: https://docs.oracle.com/en/cloud/saas/global-human-resources/r13-update17d/oapay/calculate-validate-and-balance-payroll.html#OAPAY773683

• Question 3:

  You have a requirement to stop the new entries from being created for an element and to continue the existing entries. How do you achieve this?

  A. You cannot achieve this requirement because you need to continue the existing element entries.
  B. Delete the element definition and re-create it with a different effective date.
  C. End date the element definition.
  D. Change the effective date to the required date and select the "Closed for entry" check box.
  D. Change the effective date to the required date and select the "Closed for entry" check box.

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  Reference: https://docs.oracle.com/cd/A60725_05/html/comnls/us/per/defelw01.htm

• Question 4:

  Your customer is running their weekly payroll, which includes a number of high-performing workers, who will be receiving a bonus. They want these workers to be able to view their payslip two days earlier than other workers on the weekly payroll.

  What action should be taken to meet this requirement?

  A. Using the payroll time definition, override the payslip availability date for the impacted workers.
  B. It is not possible to override the payslip availability date for a subset of workers.
  C. Navigate to the Document of Records (DOR) and override the payslip availability date for the impacted employees.
  D. Create a payroll object group for the impacted workers and enter an overriding payslip availability date when submitting the payroll run.
  D. Create a payroll object group for the impacted workers and enter an overriding payslip availability date when submitting the payroll run.

• Question 5:

  What three options should be considered while defining a costing key flexfield structure?

  A. Required and Optional Segments
  B. GL Accounting key flexfield structure
  C. Value sets for the segments
  D. Cost hierarchy levels enabled to populate each cost account segment
  A. Required and Optional Segments
  C. Value sets for the segments
  D. Cost hierarchy levels enabled to populate each cost account segment

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  Reference: https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIGP/F1427204AN1E085.htm

• Question 6:

  Which delivered report can be used to verify the details of all payments made to third-parties?

  A. Payroll Activity Report
  B. Payment Register Report
  C. Third-Party Invoice Listing
  D. Third-Party Payment Register
  B. Payment Register Report

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  Reference: http://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/r13-wf-rewards-wn.htm

• Question 7:

  You want to define your own rules for converting a rate value from one periodicity to another, such as from weekly to annual. How can you achieve this?

  A. Define an indirect element, write a fast formula to convert the processed value and create the result for an indirect element.
  B. Define your own Periodicity Conversion Rule and select it while creating the element.
  C. Create an additional input value, calculate the converted value outside the system, and enter it while creating an element entry.
  D. You cannot define your own rules for converting from one periodicity to another.
  C. Create an additional input value, calculate the converted value outside the system, and enter it while creating an element entry.

• Question 8:

  Your customer's requirement is to pay employees within each of their three business units from a different bank account. Which three setup steps should you complete? (Choose three.)

  A. Write a formula to retrieve the employees business unit details.
  B. Create a Default Payer Element with a Payment Criteria input value.
  C. Create one organization payment method with three payments sources and define three payment method rules based on each business unit.
  D. Create three organization payment methods each with a different payment source.
  B. Create a Default Payer Element with a Payment Criteria input value.
  C. Create one organization payment method with three payments sources and define three payment method rules based on each business unit.
  D. Create three organization payment methods each with a different payment source.

• Question 9:

  What happens if the costing process does not find a value for a segment defined as mandatory, and you create a suspense account at Payroll level?

  A. Costing results are placed into suspense account
  B. No costing results are created for the person
  C. Calculation displays an error, and the person's results are not costed
  D. Costing results display a blank (null) value in the segment
  A. Costing results are placed into suspense account

• Question 10:

  You have an earnings element with the latest entry date as "Last Standard Earning Date" without Proration enabled. When an employee is terminated in the middle of a pay period, how would the element be processed?

  A. The element gets processed with zero value and a warning message is displayed
  B. The element gets processed with prorated value
  C. The element gets processed with full value
  D. The element does not get processed because it gets end dated before the standard earning date and proration is not enabled on this element
  B. The element gets processed with prorated value

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  Reference: https://docs.oracle.com/cd/E51367_01/globalop_gs/FAIGP/F1427197AN15697.htm