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Oracle 1z0-1062-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Overview of Incentive Compensation Cloud | 15% | - Key Concepts and Architecture - Implementation Methodology - Security and Access Control |
| Core Setup and Configuration | 25% | - Calendars, Periods, and Currencies - Enterprise Structure and Reference Data - Profile Options and Parameters |
| Compensation Plans and Components | 25% | - Plan Design and Creation - Rate Tables and Tiers - Earnings and Calculation Logic - Performance Measures and Formulas |
| Participants, Payments, and Reporting | 15% | - Participant Setup and Hierarchies - Paysheets and Payment Administration - Analytics, Dashboards, and Reports - Maintenance and Troubleshooting |
| Classification and Crediting | 20% | - Processing Transactions - Transaction Classification Rules - Crediting Hierarchies and Rules |
Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
Question 1
The Implementation team is trying to determine how many business units (BUs) are needed.Whichconsideration requires the creation of multiple BUs?
A. Operating currency is different to the currency in which calculations are performed.
B. different General Ledger account structures
C. The HCM application has four separate BUs, so we must adopt them fc* Incentive Compensation.
D. The running of processes, the management of participant assignments, and the administrative access to data must beseparated by principal lines of business.
E. different currencies for payment of participants
Question 2
You have created one performance measure, PM1, which has the following definition with calculation sequence 1.
You want to refer PMl output in performance measure 2 having calculation sequence 2. Which two statements are true?
A. You can refer to attribute Measure result .PMl.PTD Output Achieved.
B. You can refer to attribute Measure result.PMl.Output.
C. You can refer to attribute Measure result.PMl.Input.
D. You cannot access output of PMl In output expression of PMl.
E. You can refer to attribute Measure result.PMl.PTD Output Achieved.
Question 3
A company pays commission based on the source of the transaction and the margin on the transaction.
If the source is 'ABC' and margin is between 0 and 10 percent, the rate should be 1.5 percent.
If the source is 'ABC' and margin is 10 percent and above, the rate should be 3 percent.
If the source is 'XYZ'and margin is between 0 and 10 percent,the rata should be 2 percent.
If the source is 'XYZ' and margin is 10 percent and above, the rate should be 4 percent.
Which two procedures can you use to set this up?

A. Option D
B. Option A
C. Option C
D. Option B
E. Option E
Question 4
A report with relevance to Contacts has to be built to show the entire business life cycle associated to the Contact. The developer decides to design the report by combiningreports using SQL. He has taken care of having multiple logical statements based on common ID/Keys, yet he finds some issues due to Joins in reports.
Identify the technique that could resolve the Join issue.
A. This technique allows you to Join multiple logical SQL statements by using Equi Joins.
B. This technique allows you to Join multiple logical SQL statements by using Equi Join and Cross Join.
C. This technique does not allow you to Join multiple logical SQL statements by using Inner Join and Outer Join.
D. This technique allows you to Join multiple logical SQL statements by using Inner Join and Outer Join.
E. This technique allows you to Join multiple logical SQL statements by using Inner Join, Outer Join and Doss Join.
Question 5
The incentive compensation application set the paymentbatchstatus to 'Paid' for a particular period and the payments have to be adjusted for a Which is the correct way to do this?
A. Pay sheets can be adjustedaccordingly.
B. No adjustment can be done for that period.
C. Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.
D. Payment batches can be edited and reprocessed.
Solutions:
| Question 1 Answer: C | Question 2 Answer: C,D | Question 3 Answer: C,E | Question 4 Answer: A | Question 5 Answer: A |






