Oracle 1z0-1062-21 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Incentive Compensation Cloud 2021 Implementation Essentials |
| Exam Number: | 1Z0-1062-21 |
| Related Certifications: | Oracle Incentive Compensation Cloud 2020 Implementation Essentials Oracle Incentive Compensation Cloud 2022 Implementation Essentials |
| Real Exam Qty: | 76 |
| Available Languages: | English |
| Sample Questions: | Oracle 1z0-1062-21 Sample Questions |
| Exam Way: | Online proctored or onsite testing centre |
| Pre Condition: | Recommended experience with Oracle HCM Cloud and understanding of incentive compensation concepts. |
Oracle 1z0-1062-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Understanding Oracle Incentive Compensation Cloud | - Core implementation tasks and functional setup topics - Exam objectives and exam focus areas |
| Transaction Processing and Reporting | - Reporting, dashboards, and analytics - Transaction classification and calculation |
| Configuring Incentive Compensation Plans | - Performance measures and plan components - Creation and management of compensation plans |
| Administering the Incentive Compensation System | - Participant and role management - Classification and crediting setup |
Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
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) different currencies for payment of participants
D) The HCM application has four separate BUs, so we must adopt them fc* Incentive Compensation.
E) The running of processes, the management of participant assignments, and the administrative access to data must beseparated by principal lines of business.
2. Which three statements are true regarding Classification?
A) Classification splits the credits among the participant credit receivers.
B) Classification rules are used to classify transactions into meaningful credit categories.
C) Rule criteria involve one or more transaction attributes.
D) Classification process must be run before the Crediting process.
E) Qualifiers are ANDed and qualifier attribute values are ORed.
3. A regional sales manager is promoted to a higherposition and becomes eligible to receive rollup credit from multiple business units. How should you create a rollup hierarchy rule to receive rollup horn multiple business units?
A) No additional configurations are required because the application accommodates cross-region rollups.
B) Import all participants under the manager inall business units and copy the rollup hierarchy rules to each business unit.
C) Cross-region rollups are not supported. Managers and salespeople must be participantsIn the same business unit
D) Import the manager's employee record as a participant In each business unit and copy the rollup hierarchy rules to each business unit.
4. A performance measure is to be set up to determine the commission rate using total sales attainmentpercentage for a quarter, which is measured as total sales by participant for the quarter divided by target for the quarter.
How would you set up this performance measure?
A) Set Process Transaction - Grouped By Interval and Interval = Quartet, have the input expression
'sum(Credit.transaction amount/Measure.Target)', and enter targets directly inthe performance measure.
B) Set Process Transaction = Individually and Interval=Quarter, select Running Total, select Accumulate for input expressions 'transaction amount', and enter targets directly in the performance measure
C) Set Process Transaction = Individually and Interval = Quarter, select Running Total, select Accumulate for input expression 'credit.transaction amount', and enter targets in the plan component associated with the performance measure.
D) Set Process Transaction = Grouped By Interval and Interval = Quarter, have theinput expression
'sum(Credit.transaction amount/Measure.Target)', and enter targets in the plan component associated with the performance measure.
5. Which option will never have access to the full Business Unit?
A) the Compensation Analyst
B) the Compensation Analyst and the Participant
C) the Sales Manager and the Participant
D) the Participant
E) the Compensation Manager
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C,D,E | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |

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