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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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 input value of the payroll element
B) From the Bank account level
C) From the Legislative Data Group level, because that is the highestlevelin the hierarchy
D) From the organization payment level, because the compensation is finally paid through this

2. Which two methods can be used by the Compensation Administrator to publish budgets?

A) Use a model to distribute budgets.
B) Copy budget amounts from a previous cycle.
C) Publish budgets automatically by running the Build Model process.
D) Publish budgets manually.

3. 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?

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

4. Identify the three correct statements for an alternate approver hierarchy.

A) You can create multiple approvers for the same manager.
B) By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.
C) The alternate approver must be a part of the regular plan hierarchy.
D) The highest Approval sequence is the final approver.

5. Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client?

A) This is possible only in the on-premises model using customization and is not possible inan SaaS instance. Therefore, you would respond accordingly to the client.
B) Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.
C) Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
D) Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.

Solutions: