Oracle 1Z0-1049-21 : Oracle Compensation Cloud 2021 Implementation Essentials

Exam Code: 1Z0-1049-21

Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials

Updated: Sep 21, 2026

Q & A: 180 Questions and Answers

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

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

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question #1

A corporation has implemented Oracle Fusion Workforce Compensation. A custom element was createdto capture the entry value for four input values. Data load is performed by the Batch Loader, but the associated Daily Business Intelligence (DBI) is returning the entry value corresponding only to the first input value.
Identify the option that willenable the DBI to return all the input variables. (Choose the best answer.)

A. Create a new element from scratch.
B. This scenario cannot be implemented.
C. Delete the existing element link and create a new element link, which will automatically create all four input values.
D. Create status processing rules for the input values.

Reveal Solution Discussion 0

Correct Answer: A 🗳️

Question #2

Yourcustomer's company spans multiple countries. It follows a global salary increase process in the month of May and awards bonuses twice a year in the month of June and December for workers who are employed in various countries. As an implementation consultant, you must define Statement Periods for the Compensation Statement. Which three options will you consider? (Choose three.)

A. the conversion rate date for currency conversions
B. an optional welcome message
C. the date that statements become available toworkers
D. the date when merit increases are awarded to workers
E. the date when bonus is awarded to workers

Reveal Solution Discussion 0

Correct Answer: B,C,E 🗳️

Question #3

Your client has set up an individual compensation plan for a contribution towards a retirement benefit. This contribution must be approved by the three-level manager hierarchy. While setting up the approval hierarchy, the compensation administrator wanted to set up notifications for any errors occurring during the workflow.
Identify the three allowed options needed to set up notifications accordingly. (Choose three.)

A. Duty roles
B. Application roles
C. Groups
D. Individual users

Reveal Solution Discussion 0

Correct Answer: A,B,C 🗳️

Question #4

As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct? (Choose the best answer.)

A. You can add items to statement definitions directly.
B. To include items instatements you must add items to a compensation category.
C. You can add items to statement definitions directly, and to include items in statements you must add items to a compensation category.
D. You cannot add items to statement definitions directly, and you cannot add items to a compensation category.

Reveal Solution Discussion 0

Correct Answer: B 🗳️

Question #5

The compensation plan that is implemented for your customer has a column that defaults based on a dynamic column. However, as per the customer's requirement, if the value in this column is manually updated in the worksheet by a manager, there should not be any further changes made to it automatically when the "Refresh Data" process is run. How can a compensation administrator achieve this? (Choose the best answer.)

A. by deselecting the Change Worksheet Data triggering event in the dynamic column
B. by setting up the properties of the column as updatable only once
C. by deselecting the Start Compensation Cycle triggering event in the dynamic column
D. by deselecting the Refresh Data triggering event in the dynamic column

Reveal Solution Discussion 0

Correct Answer: D 🗳️

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