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  • Exam Code: 1Z0-1049-21
  • Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
  • Updated: Sep 06, 2026
  • Q & A: 180 Questions and Answers
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  • Exam Code: 1Z0-1049-21
  • Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
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Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Setup and Configuration- Basic Compensation Configuration
- Enterprise Structures and Security Setup
Topic 2: Approvals and Security- Role-Based Access Control
- Approval Workflow Configuration
Topic 3: Compensation Plans and Cycles- Cycle Setup and Administration
- Plan Design and Eligibility Rules
Topic 4: Budgeting and Workforce Compensation- Budget Allocation Methods
- Manager Budget Distribution
Topic 5: Compensation Cloud Overview- Key Features and Business Use Cases
- Core Concepts of Workforce Compensation
Topic 6: Worksheet Management- Manager and Employee Interaction
- Worksheet Configuration and Fields
Topic 7: Reporting and Analytics- Standard Compensation Reports
- Dashboards and Metrics
Topic 8: Implementation and Maintenance- System Maintenance and Updates
- Deployment Considerations

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question 1

You create a compensation plan and attach a Compensation Performance rating model to it. While themanager is allocating compensation, he specifies a rating for each of the employees under him. Where will the rating specified by the manager be available? (Choose the best answer.)

A. Only within the current compensation plan and the current cycle
B. To the current compensation plan and the Performance Management system
C. To the current compensation plan and HR system
D. Only within the current compensation plan and all cycles associated with it


Question 2

You are configuring a work-administered individual compensation plan where your workers can enroll in the plan anytime during the year, but can discontinue their contributions only in the month of March each year.
How should you achieve this? (Choose the best answer.)

A. Select specific HR actions such as transfer, promotion, and new hire for the plan with access level for each action allowed during a specific period.
B. Do not select any additional actions other than Manage Contributions with access level as Create:
Always allowed; Update: Allowed during a specified period; Discontinuing: Never allowed.
C. Make the plan available for all actions in the list with access level for each action Always allowed.
D. Do not select any additional actionsother than Manage Contributions with access level for each action as Create: Always allowed; Update: Never allowed; Discontinuing: Allowed during a specified period.


Question 3

While implementing, you are grouping compensation items and categories for displaying them together.
Therefore, when planning how to group compensation items and categories, you must considerwhich three options? (Choose three.)

A. Level of detail
B. Category Type
C. Contribution Type and Unit of Measure
D. Compensation Items
E. Statement definitions
F. Category Detail


Question 4

While configuring the Budget page, you are setting the properties of the Job column.
Which two sectionsare available in the properties for the Job column? (Choose two.)

A. Information
B. Legal Employer
C. Default Value
D. General


Question 5

A corporation has generated total compensation statements and allworkers received their total compensation statements. As a compensation executive, you realize that some corrections are needed in the generated statements.
Which corrective action will you take? (Choose the best answer.)

A. Educate the workers that corrections are not possible after the total compensation statements have been generated.
B. Start manual changes in each worker's total compensation statement.
C. Edit "Statement Definition," make the required corrections, and regenerate the total compensation statements as a newer version.
D. Ignore any corrective action.


Solutions:

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

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