Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Incentive Compensation
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Oracle 1z0-1062-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Classification and Crediting | 20% | - Transaction Classification Rules - Crediting Hierarchies and Rules - Processing Transactions |
| Topic 2: Core Setup and Configuration | 25% | - Calendars, Periods, and Currencies - Enterprise Structure and Reference Data - Profile Options and Parameters |
| Topic 3: Compensation Plans and Components | 25% | - Rate Tables and Tiers - Performance Measures and Formulas - Earnings and Calculation Logic - Plan Design and Creation |
| Topic 4: Overview of Incentive Compensation Cloud | 15% | - Implementation Methodology - Key Concepts and Architecture - Security and Access Control |
| Topic 5: Participants, Payments, and Reporting | 15% | - Participant Setup and Hierarchies - Maintenance and Troubleshooting - Paysheets and Payment Administration - Analytics, Dashboards, and Reports |
Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
A client wants to associate both monthly and quarterly calendars with an incentive compensation business unit. Which method do you use to set up multiple calendars for incentive compensation business units?
- A. Go to the Manage Calendars task in the Define Incentive Compensation Shared Configuration task list and associate the same business unit with both calendars.
- B. Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select a calendar; only one calendar can be selected.
- C. Go to theManage Calendars in the Define Incentive Compensation Shared Configuration task list and associate the business unit with a desired period type.
- D. Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select both calendars.
Correct Answer: A 🗳️
A business unit has set up a calendar based on fiscal months, but period data is not displaying on reports Select the configuration you must verify to identify the root cause.
- A. Report to work area mapping isdefined for each period.
- B. Start and end dates for the fiscal months are valid.
- C. Status is set to 'Active' for all of the required months.
- D. 'Display period data in participant reports' is selected.
Correct Answer: B 🗳️
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 = Quarter, have theinput expression
'sum(Credit.transaction amount/Measure.Target)', and enter targets in the plan component associated with the performance measure. - B. 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. - C. 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
- D. 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.
Correct Answer: A 🗳️
Which two statements are true about disputes?
- A. Compensation Managers can reassign disputes todifferent analysts.
- B. Disputes are assigned to the analyst who is associated with the participant creating the dispute.
- C. Disputes are assigned to the analyst who is associated with the participant creating the dispute, and assigned to the compensation manager who the analyst reports to in the payment analyst hierarchy.
- D. Participants can view the disputes they have created in their worklist
Correct Answer: B 🗳️
By using which method can a new participant be created In the Incentive Compensation application?
- A. using the Create Participant task in Setupand Maintenance
- B. using the Create Participant Web Service
- C. using the Import Participant process
- D. manually in the UI
Correct Answer: A 🗳️
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