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Oracle Fusion HCM: Compensation 2014 Essentials : 1z1-495

1z1-495 Exam Simulator
  • Exam Code: 1z1-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Updated: Oct 04, 2026
  • Q & A: 71 Questions and Answers
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Oracle 1z1-495 Exam Syllabus Topics:

SectionWeightObjectives
Individual Compensation20%- Setting up individual compensation plans
- Configuring compensation history
- Managing contributions and approvals
Elements, Formulas, and Eligibility20%- Describing element classifications and deductions
- Creating element eligibility criteria
- Managing fast formulas
Total Compensation Statements15%- Generating and publishing statements
- Defining compensation statements
- Managing statement layouts
Base Pay Configuration20%- Defining salary basis
- Managing base pay structures
- Configuring salary components
Workforce Compensation25%- Designing compensation plans
- Administering compensation changes and models
- Configuring plan cycles and budgets
- Setting up worksheets, approvals, and access

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question #1

A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?

  • A. Adjustment due to corrections within the organization
  • B. Regular and automatic adjustment
  • C. Equity adjustment to correct salary compression or inversion
  • D. Market adjustment due to salary being out of line with the market
Reveal Solution  Discussion  0

Correct Answer: A,B,D  🗳️

Question #2

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 >> attach the items to compensation categories >> generate the statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition.
  • B. 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.
  • C. 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.
  • D. 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.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #3

As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?

  • A. Before deleting the item, you must configure a zero value behavior for the item.
  • B. More than one administrator might be using the item and, therefore, it cannot be deleted.
  • C. The item cannot be deleted, because it is attached to a category.
  • D. The above scenario does not stand true as the item can be deleted.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process.

  • A. Compensation Administrator
  • B. HR Specialist
  • C. Line Manager
  • D. Compensation Manager
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

A corporation is implementing Oracle Fusion Compensation Management and has set up an Individual Compensation plan for contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels.

  • A. Management Chain
  • B. Position
  • C. Resource
  • D. Supervisory
  • E. Job level
  • F. Department Level
Reveal Solution  Discussion  0

Correct Answer: C,D,E,F  🗳️

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