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

Exam Code: 1z0-495

Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials

Updated: Jun 02, 2026

Q & A: 71 Questions and Answers

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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. As compensation administrator, you are required to show "Actual Amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created?

A) Compensation Category
B) Compensation Item
C) Compensation Statement Definition
D) Compensation Source


2. As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement?

A) Benefit Balance
B) Deduction Range
C) Input Value
D) Element Entry
E) Payroll Balance
F) Formula


3. 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 >> 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 >> generate a statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories.
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.


4. Which four options are valid refresh options for the Refresh Data process?

A) Refresh Manager Hierarchy
B) Refresh Base and Eligible Salary
C) Refresh Budget Pools
D) Refresh HR Data
E) Refresh Plan Access
F) Reevaluate Eligibility
G) Refresh Plan Currency


5. A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup.

A) Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.
B) Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
C) Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
D) Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis,


Solutions:

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

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