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

1z0-495
  • Exam Code: 1z0-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Updated: May 29, 2026
  • Q & A: 71 Questions and Answers

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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. When upper-level managers change the plan access of one or more lower-/eve/ managers, they receive a notification informing them about the change in access. Which option do the/ receive to act on the notification?

A) Reject
B) Accept
C) Reply
D) Dismiss


2. Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?

A) Display the corporate currency
B) Use fast formula to display the employee currency using conversion rates
C) Set the preferred currency in the worksheet
D) Enable currency switching


3. Which three dates are mandatory while creating plan cycles?

A) HR Data Extraction Date
B) Default Due Date
C) Plan Access Start Date
D) Worksheet Update Period Start Date
E) Evaluation Period Start Date


4. The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?

A) Integrate with Oracle Fusion Goal Management.
B) Integrate with Oracle Fusion Profile Management.
C) Integrate with Oracle Fusion Performance Management.
D) Use compensation performance ratings.
E) Use both Performance Management ratings and compensation ratings.


5. As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.
Select the correct sequence to construct a total compensation statement.

A) Create compensation items >> generate a statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories.
B) Create compensation items >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories >> generate the statement.
C) Create compensation items >> attach the items to compensation categories >> generate the statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition.
D) Create compensation items >> attach the items to compensation categories >> arrange categories hierarchically in the statement definition >> specify the statement period and display options >> generate the statement.


Solutions:

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

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