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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant must create an element eligibility link for an Earnings element.
While creating the element eligibility link, which three options can be set up in the element eligibility work area?

A) Retroactive components
B) General information
C) Costing
D) Auto indirect rules
E) Input values
F) Status processing rules

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

3. A corporation implemented oracle Fusion Compensation. The Fusion Consultant followed the approach of Fusion Fast Formula instead of using Dynamic calculation in the Compensation Plan.
Which three statements are true about Fusion Fast Formula?

A) Compensation start date and Compensation end date are individual Compensation Plan Formula types.
B) Compensation default and override formula types default the value of a column of Workforce Compensation Plan.
C) "Working Storage Area" is not one of the components of Fusion Fast Formula.
D) Fast Formulas support the business need when existing rules and parameters are adequate.
E) Use Fast Formulas instead of existing application code to obtain non-standard results.

4. A Corporation has implemented Oracle Fusion Compensation for a manufacturing client.
Which is the building block used in the calculation of deductions and exemptions?

A) Deduction overrides
B) Deduction range groups
C) Deduction range Values
D) Deduction ranges

5. Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?

A) Person Attributes
B) Legislative Information
C) Compensation History
D) AssignmentTables

Solutions: