Oracle 1Z0-1050-24 Real Exam Questions and Answers FREE
Exam Dumps 1Z0-1050-24 Practice Free Latest Oracle Practice Tests
Oracle 1Z0-1050-24 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
NEW QUESTION # 33
You want to define your own rules for converting a rate value from one periodicity to another, such as from weekly to annual.
How can you achieve this?
- A. Define an indirect element, write a fast formula to convert the processed value and create the result for an indirect element.
- B. You cannot define your own rules for converting from one periodicity to another.
- C. Create an additional input value, calculate the converted value outside the system, and enter it while creating an element entry.
- D. Define your own Periodicity Conversion Rule and select it while creating the element.
Answer: D
NEW QUESTION # 34
A customer has asked for notifications to be sent for tasks within a flow pattern. Notifications can be sent based on the statuses of the flow task.
Which option should the task statuses that are supported?
- A. Error, Warning, Complete
- B. All statuses
- C. Error, Warning, Complete, In Progress
- D. Error or Warning
Answer: C
NEW QUESTION # 35
Your customer is using HCM cloud Absences. Where is the absence information passed from absences to payroll held in the application?
- A. Input values
- B. Value definitions
- C. User-defined tables.
- D. Absence information is not passed from cloud absences to cloud payroll.
Answer: A
NEW QUESTION # 36
An element is defined with costing type as "Fixed Costing". Which costing levels are considered while building cost account?
Response:
- A. Payroll, Department, Element Eligibility
- B. Payroll, Element Eligibility, Department, Element Entry
- C. Payroll, Element Eligibility, Element Entry
- D. Payroll, Person Element Entry, Department, Job or Position, Person, Element Eligibility
Answer: C
NEW QUESTION # 37
As a general rule when costing an element created with a primary classification of standard earnings, what element and input value do you cost?
- A. Result Element and input value of Earnings Calculated
- B. Result Element and input value of Pay Value
- C. Base Element and input value of Earning Calculated
- D. Base Element and input value of Pay Value
Answer: A
Explanation:
For an element with a primary classification of standard earnings in Oracle Payroll Cloud, costing typically applies to the Result Element and its "Earnings Calculated" input value (Option D). The Result Element is generated by the payroll calculation process to store the final computed earnings after applying rules, formulas, and rates. The "Earnings Calculated" input value holds the monetary amount derived from these calculations, which is then costed. Option A and Option B refer to the Base Element, which is the initial element definition, not the processed result. Option C uses "Pay Value," which is more relevant for direct payments rather than calculated earnings. Oracle documentation specifies this costing convention for standard earnings elements.
NEW QUESTION # 38
Your company wants to pay its employees from company bank account A and their third parties from company bank account B.
What is the recommended approach for this?
- A. Ensure you run the prepayments process separately for your employees and your third parties.
- B. Create one organization payment method with two payment sources and configure the usage for each payment source within the payment method rules table.
- C. Create two personal payment methods for each of your employees: one for their salary payments and one for their third-party payments.
- D. Write a formula to select the correct bank account for employees and third parties.
Answer: B
NEW QUESTION # 39
You defined the department costing information after the Calculate Payroll process is run that creates the costing results also. You noticed that the department costing information is not created for the employees who are in that department.
What should you do to ensure the department costing information is reflected for those employees without rolling back and rerunning the Calculate Payroll?
- A. You run the Calculate Retroactive Costing process to recalculate costs for retroactive changes to costing setups.
- B. You roll back only the costing process and rerun it.
- C. You do the adjustments in General Ledger because you cannot do changes in the costing results.
- D. You cannot rectify the costing results after they are created.
Answer: A
NEW QUESTION # 40
You hire an employee on 01-JAN-2016. The employee is in the process of moving bank accounts and is yet to create a personal payment method. How will the employee receive their payroll payment for the month of January?
- A. The payment process will error and they will not receive payment for the month of January.
- B. They won't receive payment until they have created a personal payment method.
- C. They will be paid by check, because this is the default payment method on the employee's payroll.
- D. A cash payment request will be sent to accounts payable, and the employee will be paid in cash.
Answer: C
Explanation:
In Oracle Payroll Cloud, if an employee has not yet set up a personal payment method (e.g., due to a bank account transition), the system uses the default payment method defined at the payroll level. Typically, this default is set to check (Option D) unless otherwise configured. For an employee hired on 01-JAN-2016 without a personal payment method by the January payroll run, the system will issue a check payment, ensuring the employee is paid without delay. Option A (no payment) and Option B (process error) are incorrect, as the default method prevents such outcomes. Option C (cash payment via accounts payable) is not a standard payroll process. Oracle documentation confirms the use of the payroll's default payment method in such cases.
NEW QUESTION # 41
Your customer's requirement is to pay employees within each of their three business units from a different bank account. Which three setup steps should you complete? (Choose three.)
- A. Create one organization payment method with three payment sources and define three payment method rules based on each business unit
- B. Create a Default Payer Element with a Payment Criteria input value
- C. Create three organization payment methods each with a different payment source
- D. Write a formula to retrieve the employees' business unit details
Answer: A,C,D
Explanation:
Comprehensive and Detailed in Depth Explanation:
To pay employees in three business units from different bank accounts in Oracle Payroll Cloud, you need: (1) "Create three organization payment methods each with a different payment source" (A) to define distinct bank accounts; (2) "Write a formula to retrieve the employees' business unit details" (C) to dynamically assign payment methods based on business unit; and (3) "Create one organization payment method with three payment sources and define three payment method rules based on each business unit" (D) to link the payment sources to business units via rules. Option B (Default Payer Element) is unrelated to this requirement. This is detailed in the "Payment Methods Setup" section.
NEW QUESTION # 42
A line manager has hired a worker who will be paid on a weekly basis. What navigation path should the payroll user take to enter the weekly payroll details for the worker?
- A. Manage Payroll Relationship > Assignment Record
- B. Manage Work Relationship > Work Relationship Record
- C. Manage Work Relationship > Assignment Record
- D. Manage Payroll Relationship > Payroll Relationship Record
Answer: A
NEW QUESTION # 43
You need to enter bank account details for the employees within your company. Which task should you use to do this?
- A. Manage Personal Payment Methods
- B. Manage Third-Party Person Payment Methods
- C. Manage Element Entries
- D. Manage Organization Payment Methods
Answer: A
NEW QUESTION # 44
Which two seed job roles have access to the Setup and Maintenance work area and can access all payroll setup tasks? (Choose two.)
- A. Application Implementation Consultant
- B. Payroll Interface Coordinator
- C. Payroll Manager
- D. Payroll Administrator
Answer: C,D
NEW QUESTION # 45
You were trying to attach the lookup that you created to an input value in order to restrict the values for that input value, but the lookup field is not enabled.
What is the reason for the lookup field not being enabled?
- A. The unit of measure for the input value should be Date.
- B. This is a bug in the application.
- C. The unit of measure for the input value should be Character.
- D. The unit of measure for the input value should be Number.
Answer: C
NEW QUESTION # 46
When submitting a payroll flow, who is the owner of a task if no one has been indicated within the payroll flow definition?
- A. Any user with the Payroll Administrator role
- B. The user that submitted the payroll flow
- C. Any user with either the Payroll Administrator or Payroll Manager Role
- D. Any user with the Payroll Manager role
Answer: B
NEW QUESTION # 47
The element template has created a "Results" element for a voluntary deduction element along with the base element. Which element is referenced here?
- A. Base element
- B. Results element
- C. Distributor element
- D. Calculator element
Answer: B
Explanation:
Comprehensive and Detailed in Depth Explanation:
In Oracle Payroll Cloud, when an element template is used to create a voluntary deduction element, it generates multiple related elements, including a "Base" element and a "Results" element. The "Results" element specifically stores the outcome of the payroll calculation for that deduction (e.g., the amount deducted). The question highlights that a "Results" element is created alongside the base element, making "Results element" (D) the correct reference. The "Distributor element" (A) and "Calculator element" (C) are not standard outputs of a voluntary deduction template, while "Base element" (B) is a separate component. This is explained in the Oracle documentation under "Element Templates and Results."
NEW QUESTION # 48
Your customer is using HCM Cloud Absence Management and wants to transfer absence information to Cloud Global Payroll so that it can be processed.
Aside from creating your absence plan, which two steps do you need to complete in Cloud Global Payroll? (Choose two.)
- A. Manually enter the absence units in the employees' element entry
- B. Create an Absence Calculation Card to store the absence details
- C. Create your absence elements
- D. Create element eligibility for each absence element
Answer: C,D
NEW QUESTION # 49
You are a payroll customer but when you have created an earnings element using the Manage Elements feature it has not created a pay value input value. What is the reason for this?
Response:
- A. The selected extension in Manage Features by Country or Territory was set to "Human Resources or None".
- B. The selected extension in Manage Features by Country or Territory was set to "Payroll Interface".
- C. The selected extension in Manage Features by Country or Territory was set to "Payroll".
- D. The earnings element template always creates "Pay Value" as the input value.
Answer: A
NEW QUESTION # 50
Which status should you select for your flow pattern so it is available under "Submit a Payroll Flow"?
- A. Active. Payroll Flow
- B. Active. Process, Report, or Payroll Flow
- C. Active. Flow Pattern Submission
- D. Active. Process or Report
Answer: B
Explanation:
Comprehensive and Detailed in Depth Explanation:
For a flow pattern to be available under "Submit a Payroll Flow" in Oracle Payroll Cloud, its status must be set to "Active" with a usage of "Process," "Report," or "Payroll Flow." This ensures the flow is executable and visible to users for submission. Option A is incomplete (missing "Payroll Flow"), Option B is not a standard status format, and Option D ("Flow Pattern Submission") is not a valid status. The documentation under "Payroll Flow Patterns" specifies these statuses for flow availability.
NEW QUESTION # 51
Your customer pays their workers on a semi-monthly payroll frequency. To save costs, the customer is changing their company policy and effective from 1st January, all workers will be paid on a monthly payroll frequency.
What action should you take to implement this change?
- A. Navigate to the semi-monthly payroll and update the Date Paid field on the payroll time periods to reflect the new monthly payment dates.
- B. Create a new monthly payroll definition, and date the workers employment records associated with the semi-monthly payroll, create new employment records for the workers and associate these to the monthly payroll.
- C. Create a new monthly payroll definition and transfer the workers from the semi-monthly payroll to the monthly payroll.
- D. Navigate to the semi-monthly payroll and update the Start and End Dates on the payroll time periods to reflect the new monthly payroll period dates.
Answer: C
NEW QUESTION # 52
If you encounter errors after transferring the batch using the Load Initial Balances process, what must you do?
- A. Perform a rollback, correct the errors, create a new batch, validate and transfer the batch again.
- B. Undo the batch, correct the errors, validate and transfer the batch again.
- C. Correct the errors, delete the batch, create a new batch, validate and transfer the batch again.
- D. Correct the errors, create a new batch, validate ant transfer the batch again.
Answer: B
NEW QUESTION # 53
A customer's organization has three Business Units - BU1, BU2, and BU3. You have an Onsite Allowance element, which is at Assignment level, for which only the employees in BU2 and BU3 are eligible.
How do you define the element eligibility for Onsite Allowance element so that the element entry is restricted only for BU2 and BU3?
- A. You cannot meet the requirement as you cannot create element eligibility using business unit as the eligibility criteria.
- B. Onsite Allowance element should be defined as the Payroll Relationship level element so that the element eligibility can be defined using Business Unit as the criteria.
- C. Define multiple element eligibilities using BU2 and BU3 for Business Unit criteria.
- D. Define the element eligibility as an Open Eligibility and create an element entry only for employees with BU2 and BU3.
Answer: A
NEW QUESTION # 54
Where would a payroll flow task retrieve its parameter information when selecting "Bind to Flow Task Parameter"?
- A. Derives the value from a SQL Bind
- B. Derives the value from the output of the previous task
- C. Derives a specific value to the parameter as entered by the user
- D. Derives the value from the context of the current flow instance
Answer: B
NEW QUESTION # 55
Your customer is using Fusion Absences and wants to send absence information through to Fusion Global Payroll so that it can be proceed. Aside from creating your absence elements and an absence plan, which two steps do you need to complete? (Choose two.)
- A. Create element eligibility for your absence elements.
- B. Create an Absence Calculation Card to store the absence details.
- C. Manually enter the absence units in the employees element entry.
- D. Select the "Transfer absence payment Information for payroll processing"Checkbox and attach the absence element to the absence plan.
Answer: B,D
NEW QUESTION # 56
As a general rule when costing an element created with a primary classification of standard earnings, what element and input value do you cost?
- A. Result Element and input value of Earnings Calculated
- B. Result Element and input value of Pay Value
- C. Base Element and input value of Pay value
- D. Base Element and input value of Earning Calculated
Answer: A
NEW QUESTION # 57
A customer is implementing the two-tier employment model. At what level are payroll run results captured in cloud payroll?
- A. Payroll Relationship only
- B. Assignment only
- C. Work Relationship and Assignment
- D. Payroll Relationship and Assignment
Answer: B
NEW QUESTION # 58
......
Verified 1Z0-1050-24 Exam Dumps Q&As - Provide 1Z0-1050-24 with Correct Answers: https://www.testkingfree.com/Oracle/1Z0-1050-24-practice-exam-dumps.html
1Z0-1050-24 Exam Questions | Real 1Z0-1050-24 Practice Dumps: https://drive.google.com/open?id=1OdKtntnVyQhy4INJ75TcEe-DLMwiKr5q