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1Z0-330 Oracle Workforce Compensation Cloud 2017 Implementation Essentials

April 28, 2018 by admin

Exam Number: 1Z0-330
Exam Title: Oracle Workforce Compensation Cloud 2017 Implementation Essentials
Associated Certification Paths : Oracle Workforce Compensation Cloud 2017 Certified Implementation Specialist

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Our certification exams are revised regularly to align with training and product release updates. Information about exam revisions and new topics are found on this page under ‘Validated Statement’ and within the exam topics below. Certifications reflect validated skills for year and product release version date of achievement. If you are preparing for this exam, we recommend you check these topics periodically to ensure your exam prep covers any new topics that may be added based on regular exam revision.

Elements, Balances, and Formulas
Manage fast formulas
Create element eligibility criteria
Describe element classifications
Explain deductions
Explain earnings

Base Pay
Explain salary basis
Describe salary components
Manage base pay
Set up grade rates

Individual Compensation
Explain individual compensation plans
Describe variable allocation approvals
Configure compensation history
Manage personal contributions
Configure individual compensation

Workforce Compensation
Explain compensation plan design choices
Manage and administer compensation plans
Set up plan cycles
Configure budget page layouts
Configure performance ratings
Implement approvals
Administer compensation plans
Configure plan access
Manage compensation change statements
Configure compensation worksheets
Manage models and budgets

Total Compensation Statements
Explain total compensation statements
Manage statement definitions
Generate total compensation statements
Configure compensation items
Set up compensation categories

Workforce Compensation Plans and Batch Processes
Validate workforce compensation plans
Implement compensation processes
Execute related batch processes

QUESTION 1
You have configured a compensation plan to include ratings from the performance management system. For one particular division, the performance ratings have not been finalized and are shown as blank on the compensation worksheet. The manager updates the performance rating while allocating compensation. What happens in this case?
(Choose the best answer.)

A. The rating will be available to only the plan where it is updated.
B. The rating will be available to all plans that are currently active.
C. The rating will be available in the Performance document in the performance system.
D. The rating will be available to only the plans where the same manager is involved.

Answer: C

QUESTION 2
An organization provides compensation such as salary and bonus earnings for its workers. It also tracks commissions and company-paid taxes for them.
Which two statements are true when configuring the items? (Choose two.)

A. Benefit Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
B. Element Entry will require you to specify the Legislative Data Group as the Additional Data Entry.
C. Formula will require you to specify the Legislative Data Group as the Additional Data Entry.
D. Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.

Answer: C,D

QUESTION 3
You are configuring approvals under the Worksheets task list for an annual workforce compensation plan. Your customer wants the worksheets to be approved by different people other than the hierarchy determined for the plan.
How should you accomplish this? (Choose the best answer.)
A. Create an alternate manager approval hierarchy that overrides the plan hierarchy.
B. Create an alternate manager approval hierarchy and replace the plan hierarchy with the created alternate hierarchy.
C. Have the customer change the business process because you cannot have different approval hierarchies for the plan and the worksheet.
D. Create an alternate position approval hierarchy that overrides the plan hierarchy.

Answer: D

QUESTION 4
Performance ratings are enabled in the compensation plan. Which three statements are correct regarding performance ratings? (Choose three.)

A. If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
B. You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
C. You cannot make completed performance document and corresponding ratings from Oracle Fusion Performance Management available to managers in the compensation worksheet.
D. You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.

Answer: A,B,D

Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387136AN11E5B.htm (worksheet, performance ratings)

QUESTION 5
While working on the compensation changes in an Excel workbook, a manger selects the Upload option and then tries to immediately download the uploaded data. As a consultant, you advise him not to do so because of which reason? (Choose the best answer.)

A. This action causes the committed data to roll back, thereby revoking the changes processed.
B. This action causes the committed data to download immediately, thereby obscuring the error messages.
C. The data uploaded takes some time to be processed by the server and, therefore, when download is clicked immediately, it might still show the older data.
D. When the Upload button is clicked, the data is loaded to a staging table and an upload process is triggered. This process has to complete successfully before the new data can be downloaded.

Answer: D

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