Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While configuring theBudget page, which five tabs are available in Page Layout?

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

2. The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?

A) The published budget is always a percentage of the total budget pool.
B) The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.
C) The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.
D) The published amount stay with the manager when workers are reassigned or their eligibility changes.

3. A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history.
Identify the three correct options regarding the various compensations shown in the history.

A) Compensation history displays six categories of compensation.
B) Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
C) Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
D) The summary in the compensation history shows the data for only five years.

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

5. You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?

A) Access to the Compensation Administrator role is restricted in Plan Access.
B) Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."
C) Your user role does not have access to view the plan.
D) The Compensation Administrator or equivalent role is not attached to your plan.
E) Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.

Solutions: