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  • Exam Code: 1Z0-1049-21
  • Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
  • Updated: Oct 01, 2026
  • Q & A: 180 Questions and Answers
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  • Exam Code: 1Z0-1049-21
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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: Compensation Plans and Cycles- Plan Design and Eligibility Rules
- Cycle Setup and Administration
Topic 3: Budgeting and Workforce Compensation- Manager Budget Distribution
- Budget Allocation Methods
Topic 4: Compensation Cloud Overview- Core Concepts of Workforce Compensation
- Key Features and Business Use Cases
Topic 5: Reporting and Analytics- Dashboards and Metrics
- Standard Compensation Reports
Topic 6: Implementation and Maintenance- System Maintenance and Updates
- Deployment Considerations
Topic 7: Worksheet Management- Worksheet Configuration and Fields
- Manager and Employee Interaction
Topic 8: Approvals and Security- Role-Based Access Control
- Approval Workflow Configuration

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question #1

After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation.
The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this? (Choose the best answer.)

  • A. Use the Edit button in the Employee's included area while creating a model to exclude the employee.
  • B. Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
  • C. Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original from, if needed.
  • D. Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #2

As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharingbonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario? (Choose the best answer.)

  • A. The above scenario does not stand true as the item can be deleted.
  • B. More than one administrator might be using the item and, therefore, it cannot be deleted.
  • C. Before deleting the item, you must configure a zerovalue behavior for the item.
  • D. The item cannot be deleted,because it is attached to a category.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant created a Bonus element with primary classification as Supplemental earning.
What is true about the subclassifications for the created element? (Choose the best answer.)

  • A. A sub-classification name cannot be reused under a different primary classification.
  • B. Sub-classifications provide a way to feed elements.
  • C. Elements can have only one sub-classification.
  • D. Once a sub-classification is associated with a classification, it cannot be associated with another classification.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #4

Your client wants you to create a single Compensation Change statement that includes compensation awarded formultiple plans. What would you, as an implementation consultant, advise your client? (Choose the best answer.)

  • A. Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
  • B. Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
  • C. This is possible only in the on-premises model using customization and is not possible in an Saas instance. Therefore, you would respond accordingly to the client.
  • D. Create a custom data model that can pullcompensation awarded from different plans and display the data using a BI publisher layout.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

Which three statements are true about individual compensation plans? (Choose three.)

  • A. Workers are individual compensation plans to manage their own contributions to charitable or savings plans.
  • B. Individual compensation plans arenecessary for payment of items such as spot bonus.
  • C. A user's ability to access or make updates to awards in individual compensation plans may be restricted by the user's association to a Legislative Data Group.
  • D. Individual compensation plans define compensation that managers can award to individual workers outside of the regular compensation cycle, such as spot bonus or education reimbursement.
  • E. Individual compensation plans are not necessary for payment of items such as spot bonus.
Reveal Solution  Discussion  0

Correct Answer: A,B,D  🗳️

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