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Oracle 1z1-495 : Oracle Fusion HCM: Compensation 2014 Essentials

Exam Code: 1z1-495

Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials

Updated: Aug 14, 2026

Q & A: 71 Questions and Answers

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Oracle 1z1-495 Exam Syllabus Topics:

SectionObjectives
Topic 1: Compensation Workflows and Approvals- Approval Rules
- Workflow Configuration
Topic 2: Salary and Bonus Management- Bonus and Incentive Plans
- Salary Administration
Topic 3: Reporting and Analysis- Compensation Reporting
- Analytics in Fusion HCM Compensation
Topic 4: Compensation Setup and Configuration- Eligibility Profiles
- Salary Basis and Grades
- Manage Compensation Plans
Topic 5: Compensation Foundations in Oracle Fusion HCM- Overview of Compensation Structures
- Role of Compensation in HCM Cloud

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which two tasks are true about components in worksheet configurations?

A) There is the flexibility to add any number of components within a compensation plan.
B) Each component has to be of a separate type, such as salary or bonus.
C) Plans must have at least one component if awarding compensation.
D) You can create up to five components to represent the different types of compensation that you want to award within a plan.


2. ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?

A) Salary Component
B) Action and Action Reasons
C) Plan Access
D) Plan Eligibility
E) Budget Pools


3. Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client?

A) Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
B) Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
C) This is possible only in the on-premises model using customization and is not possible inan SaaS instance. Therefore, you would respond accordingly to the client.
D) Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.


4. You are configuring Fusion HCM Compensation Management for a customer. Which three tasks are part of Plan Foundation Configuration Options?

A) Feedback Survey
B) Plan Currency
C) Components
D) Plan Access
E) Alerts


5. A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?

A) From the organization payment level, because the compensation is finally paid through this
B) From the Legislative Data Group level, because that is the highestlevelin the hierarchy
C) From the Bank account level
D) From the input value of the payroll element


Solutions:

Question # 1
Answer: A,D
Question # 2
Answer: A
Question # 3
Answer: A
Question # 4
Answer: A,B,D
Question # 5
Answer: B

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