Oracle 1z0-495 : Oracle Fusion HCM: Compensation 2014 Essentials

  • Exam Code: 1z0-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Updated: May 27, 2026
  • Q & A: 71 Questions and Answers

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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation is implementing Oracle Fusion Compensation Management and must set up Compensation history. Identify the three correct options regarding the salary component.

A) The Base rate shown in the salary section is the average of the pay rate for the entire year.
B) The growth rate shown in the details shows both cumulative and average annual salary growth rates.
C) The Base rate shown in the salary section is the most recent pay rate.
D) The base rate shown in the previous years is the pay rate on 31 December of each year.


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


3. 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 from the Plan Access start date, which (s generally prior to the Worksheet update date.
C) Active plans are always shown in read-only mode until the Worksheet update period starts.
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.


4. 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) Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
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) Access to the Compensation Administrator role is restricted in Plan Access.
D) Your user role does not have access to view the plan.
E) The Compensation Administrator or equivalent role is not attached to your plan.


5. As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct?

A) You can add items to statement definitions directly, and to include Items in statements you must add items to a compensation category.
B) To include items in statements you must add items to a compensation category.
C) You cannot add items to statement definitions directly, and you cannot add items to a compensation category.
D) You can add items to statement definitions directly.


Solutions:

Question # 1
Answer: A,C,D
Question # 2
Answer: B,C,D
Question # 3
Answer: C
Question # 4
Answer: B,C,D
Question # 5
Answer: B

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