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Oracle 1Z0-1050-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Implementing Payroll- Manage Payroll Flows and Reporting
  • 1. Configure payroll reports
  • 2. Submit and monitor payroll flows
  • 3. Analyze payroll balances and results
- Configure Payroll Costing
  • 1. Define costing structures and rules
  • 2. Manage payroll costing results
  • 3. Configure cost allocation accounts
- Configure Payment Methods
  • 1. Configure payment distribution
  • 2. Manage personal payment methods
  • 3. Set up organization payment methods
- Manage Payroll Processing
  • 1. Run payroll calculations
  • 2. Correct payroll processing errors
  • 3. Validate payroll results
- Configure Payroll Definitions
  • 1. Define payrolls and consolidation groups
  • 2. Configure payroll periods and calendars
  • 3. Set up balance definitions
- Define Earnings and Deductions
  • 1. Create elements and element eligibility
  • 2. Configure input values and balances
  • 3. Manage voluntary and involuntary deductions
- Explain Payroll Concepts
  • 1. Understand payroll flow patterns
  • 2. Describe payroll architecture and processing concepts
  • 3. Explain payroll relationships and statutory units

Oracle Payroll Cloud 2023 Implementation Professional Sample Questions:

1. The element template has created a "Results" element for a voluntary deduction element along with the base element. What is needed to be created for each employee that is eligible for deduction?

A) Distributor element
B) Base element
C) Results element
D) Calculator element


2. What is the maximum number of segments that a cost allocation key flexfield can have?

A) 30
B) 20
C) 25
D) 15
E) 10


3. Your customer has the financial system in a third party system and you have to send the payroll costing entries to a third party system. Which two options should be used to extract the data from Cloud Payroll system?

A) You can use the OTBI - Payroll Run Costing Real Time subject area to extract the costing results of a particular run.
B) You can use the OTBI - Payroll Run Results Real Time subject area to extract the costing results of a particular run, because payroll costing is part of payroll run.
C) You can run the Payroll Costing Report to extract the costing results of a particular run.
D) You cannot extract the costing results from cloud payroll to send it to third party financials system.


4. Which two statements regarding the relationship between legal entities, legal employers, and payroll statutory units (PSU) are correct?

A) A legal entity cannot be both a legal employee and a PSU.
B) Legal employers are legal entities responsible for paying workers.
C) A legal employer can be associated with multiple PSUs.
D) PSUs are legal entities responsible for payroll tax and social insurance reporting.


5. Where would a payroll flow task retrieve its parameter information when selecting "Bind to Flow Task Parameter"?

A) Derives the value from the output of the previous task
B) Derives the value from the context of the current flow instance
C) Derives a specific value to the parameter as entered by the user
D) Derives the value from a SQL Bind


Solutions:

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

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