Oracle Compensation Cloud 2026 Implementation Professional

Question 1

Identify the delivered workflow task for variable allocation approvals that has no rules. (Choose the best answer.)

A. VariableAllocationTask

B. VariableApprovalFYITask

C. VariableContributionTask

D. VariableApprovalTask

E. VariableAllocationFYITask

Correct Answer: B

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Question 2

An organization provides compensation such as salary and bonus earnings for its workers. It also tracks commissions and company-paid taxes for them.
Which two statements are true when configuring the items? (Choose two.)

A. Element Entry will require you to specify the Legislative Data Group as the Additional Data Entry.

B. Benefit Balance will require you to specify the Legislative Data Group as the Additional Data Entry.

C. Formula will require you to specify the Legislative Data Group as the Additional Data Entry.

D. Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.

Correct Answer: C,D

Question 3

Your customer awards three types of bonuses to its workers: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. All three bonuses are awarded by using element entries.
How would you configure the Compensation Statement? (Choose the best answer.)

A. Create three Compensation Items: Joining Bonus, Ad-hoc bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective elements with the respective Items.

B. Create one Compensation Category as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Category.

C. Create one Compensation Item as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Item.

D. Create three Compensation Categories: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective Elements with the respective Categories.

Correct Answer: A

Question 4

A corporation is implementing Oracle Fusion Workforce Compensation and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases? (Choose the best answer.)

A. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and grade rate need not match.

B. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.

C. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.

D. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.

Correct Answer: D

Question 5

While configuring the Budget page, which five tabs are available in Page Layout? (Choose five.)

A. Actions

B. Summary

C. Detail table

D. Comments

E. Budgeting

F. Information

G. Worker List

Correct Answer: A,B,C,E,G

Question 6

A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items.
How will you configure this requirement in the Fusion application? (Choose the best answer.)

A. Attach performance bonuses to similar compensation categories/subcategories.

B. Attach performance bonuses to similar compensation items.

C. Attach performance bonuses to similar elements.

D. Attach performance bonuses to similar sources.

Correct Answer: A

Question 7

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

A. 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.

B. Individual compensation plans are not necessary for payment of items such as spot bonus.

C. Individual compensation plans are necessary for payment of items such as spot bonus.

D. 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.

E. Workers are individual compensation plans to manage their own contributions to charitable or savings plans.

Correct Answer: A,C,E

Question 8

As a Fusion implementation consultant, you are configuring Fusion HCM Compensation Management module for a manufacturing client. Which three statements are correct in relation to compensation statement display options? (Choose three.)

A. You can hide or show the estimated amount indicator at the category setup level.

B. You can configure display of zero values.

C. You can hide table columns.

D. You cannot hide regions for graphs or descriptions at the statement definition setup level.

E. You cannot include and hide the welcome message at the statement definition setup level.

F. You cannot exclude a category from the statement summary at the category setup level.

Correct Answer: A,B,D

Question 9

A corporation implemented Oracle Fusion Workforce Compensation. A salary basis has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components? (Choose three.)

A. Adjustment due to corrections within the organization

B. Equity adjustment to correct salary compression or inversion

C. Regular and automatic adjustment

D. Market adjustment due to salary being out of line with the market

Correct Answer: B,C,D

Oracle Compensation Cloud 2026 Implementation Professional - 1Z0-1049-26 Exam Practice Test

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