RELIABLE 1Z0-1050-24 TEST TESTKING | 1Z0-1050-24 LATEST TEST CRAM

Reliable 1Z0-1050-24 Test Testking | 1Z0-1050-24 Latest Test Cram

Reliable 1Z0-1050-24 Test Testking | 1Z0-1050-24 Latest Test Cram

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Oracle 1Z0-1050-24 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Managing Employee Level Payroll Information: This section measures the expertise of HR Payroll Coordinators in managing employee-specific payroll data. It includes adding element entries, bank account details, and payroll frequency details for employees. Additionally, it covers managing absences, initializing payroll balances, and ensuring accurate costing for individuals.
Topic 2
  • Defining Earnings and Deductions: This section measures the skills of Compensation Analysts in creating and managing earnings and deduction elements. It covers the behavior of elements, creating element entry business rules, and configuring absence elements. Additionally, it includes adding eligibility rules for elements and creating rules for retroactive changes, ensuring accurate and timely payroll processing.
Topic 3
  • Configuring Payroll Payment Details: This section is designed for Payroll Administrators and focuses on setting up payment details for employees and third parties. It includes adding company payment details, configuring payslip reports, and ensuring accurate payment processing. These tasks are essential for delivering accurate and timely payments to employees and external entities.
Topic 4
  • Maintaining Payroll Flows: This section is designed for Payroll Managers and focuses on maintaining and submitting payroll flows. It ensures that payroll processes are executed smoothly and efficiently, from data entry to final payroll submission. This section is critical for ensuring timely and accurate payroll processing.
Topic 5
  • Defining Payroll Costing Rules: This section evaluates the skills of Cost Accountants in setting up payroll costing rules. It includes configuring the Payroll Cost Flexfield, setting up various types of costing, and transferring data to subledger accounting for posting to the general ledger. These tasks ensure accurate financial reporting and cost allocation.

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Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q104-Q109):

NEW QUESTION # 104
You have a requirement to verify the costing results of a person in a particular payroll run.
In which three ways do you verify the costing results of a single person? (Choose three.)

  • A. You cannot view the costing results of a single person.
  • B. You can view the costing results from Statement of Earnings -> View Costing Results.
  • C. You can use the OTBI - Payroll Run Costing Real Time subject area.
  • D. You can run the Payroll Costing Report for a single person.

Answer: B,C,D


NEW QUESTION # 105
A customer's organization has a grade structure with four grades - C1, C2, C3, and C4. You have a car allowance element, which is art Assignment level, for which only the employees with grade C3 and C4 are eligible. You should not be able to create an element entry for employees with grades C1 and C2.
How do you define the element eligibility for Car Allowance element?

  • A. Define multiple element eligibilities using grade C3 and C4.
  • B. Define multiple element eligibilities using grade C1, C2, C3, and C4, but create an element entry only for employees with grades C3 and C4.
  • C. Define the element eligibility as an Open Eligibility and create an element entry only for employees with grades C3 and C4.
  • D. You cannot meet the requirement as you cannot create element eligibility using grade as the eligibility criteria.

Answer: C


NEW QUESTION # 106
How should you configure the predefined payslip report to meet your customer's payslip requirements?

  • A. Rename the seeded Payslip report and edit the content within the seeded template.
  • B. Payslips cannot be configured and must be built from the beginning.
  • C. Modify the copy of the seeded payslip template and use it in a copy of the seeded payslip report.
  • D. Open the seeded Payslip report and edit the template.

Answer: A

Explanation:
In Oracle Payroll Cloud, the predefined (seeded) payslip report can be customized to meet specific customer requirements. The recommended approach is to rename the seeded Payslip report and then edit the content within the seeded template (Option C). This preserves the original seeded report while allowing modifications (e.g., layout, fields) to be made directly in the renamed version using tools like BI Publisher. Option A (editing the seeded report directly) is not advised, as it risks overwriting standard functionality during updates. Option B (copying the template and report) is a valid alternative but not the standard Oracle-recommended method for predefined reports. Option D is incorrect, as payslips are configurable and do not require building from scratch. Oracle documentation supports renaming and editing as the primary customization method.


NEW QUESTION # 107
A customer wants to distribute the costs of a benefits element, which is at payroll relationship level, to employee earnings.
How should you define the costing rules to meet this requirement?

  • A. Create a distribution group with earnings elements and create the distributed costing on relationship level element.
  • B. Create the costing as Fixed Costed on payroll relationship level element, because the element is at relationship level. It automatically distributes costs for earnings elements, which are at assignment level.
  • C. Create the costing of type "Costed" and because it is a relationship level element, it automatically distributes the costs over earnings elements.
  • D. you cannot distribute the costs of an element.

Answer: A


NEW QUESTION # 108
Your customer is using HCM cloud Absences. Where is the absence information passed from absences to payroll held in the application?

  • A. Value definitions
  • B. Absence information is not passed from cloud absences to cloud payroll.
  • C. Input values
  • D. User-defined tables.

Answer: C


NEW QUESTION # 109
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