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Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionObjectives
Configuring Incentive Compensation Plans- Performance measures and plan components
- Creation and management of compensation plans
Administering the Incentive Compensation System- Classification and crediting setup
- Participant and role management
Understanding Oracle Incentive Compensation Cloud- Core implementation tasks and functional setup topics
- Exam objectives and exam focus areas
Transaction Processing and Reporting- Transaction classification and calculation
- Reporting, dashboards, and analytics

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

Which statement is true for theparticipant home currency?

  • A. A participant's home currency must be the same for all participants in the organization.
  • B. A participant can be compensated for an invoice booked in a currency different from the participant's home currency.
  • C. A participant can be compensated for an invoice booked only in the participant's home currency.
  • D. A participant's home currency must be the same as the operating currency.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Which statement is true regarding role inheritance?

  • A. Roles are not inherited; they are assigned at their lowest level.
  • B. Duty roles are inherited by job roles.
  • C. Abstract roles are inherited by Job roles
  • D. Jobandabstract roles are inherited by duty roles.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

Which descriptive flexfield should you use to update Incentive Compensation Transaction details?

  • A. XC BASE_TRANS_DFF
  • B. FIC_TRANSACTION_DFF
  • C. CN_TP_BASETRAHS_DFF
  • D. CM_TP_TRANSACTIOM_DFP
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

The status of the ESS (Enterprise Scheduler Service) requestis 'Succeeded.' But the transaction is not credited, and the status of the transaction is not 'Credited.' Which statement is the most complete and gives a correct list of settings and actions that are needed for a transaction to generate valid credits?

  • A. Answer B plus-You must run Deploy Credit Rules for the correct date range.
  • B. Answer B plus-You must assign the correct credit category to the performance measure.
  • C. Answer A plus-If the 'Enable Classification' parameter is set to 'Yes' and 'Classify Transactions' Is set to 'After collection and before crediting/ then ensure classifying the transactions before running crediting.
  • D. Answer B plus-You must set 'Enable Rollup' to 'Yes1and select 'Rollup in Credit Hierarchy.
  • E. The 'Enable Direct Crediting' parameter is set to "Yes* and the credit rules have valid attributes.Attribute values and a credit receiver are assigned.
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

An administrator is defining periods in the Incentive Compensation application quarterly calendar. She is defining the same start date fortwo periods with a different end date.
Which Statement represents the error for this scenario?

  • A. The date range should not overlap with any other period.
  • B. The period is overlapping with system defined quarterly period.
  • C. Please select the period type for each newly-added period row.
  • D. The start date cannot be later than the end date for a period.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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