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Oracle 1z0-1062-21 Exam Syllabus Topics:

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Which three statements are true regarding Classification?

A) Classification splits the credits among the participant credit receivers.
B) Classification process must be run before the Crediting process.
C) Qualifiers are ANDed and qualifier attribute values are ORed.
D) Rule criteria involve one or more transaction attributes.
E) Classification rules are used to classify transactions into meaningful credit categories.

2. 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) Status is set to 'Active' for all of the required months.
B) Start and end dates for the fiscal months are valid.
C) 'Display period data in participant reports' is selected.
D) Report to work area mapping isdefined for each period.

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

A) FIC_TRANSACTION_DFF
B) CN_TP_BASETRAHS_DFF
C) XC BASE_TRANS_DFF
D) CM_TP_TRANSACTIOM_DFP

4. The incentive compensation application set the paymentbatchstatus to 'Paid' for a particular period and the payments have to be adjusted for a Which is the correct way to do this?

A) Pay sheets can be adjustedaccordingly.
B) No adjustment can be done for that period.
C) Payment batches can be edited and reprocessed.
D) Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.

5. Will the earnings for participants be calculated once their Active End Date has elapsed?

A) Earnings will be calculated foe participants as long as they remainassigned to a compensation plan.
B) Earnings will be calculatedlotparticipants as long as they exist m the fusion Incentive Compensation system.
C) Earnings will not be calculated if their Compensation End date has elapsed.
D) Earnings will not be calculated if their Active End Date has elapsed.

Solutions: