Latest Oracle - Exam 1Z0-1050-24 Forum

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Oracle 1Z0-1050-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Defining Earnings and Deductions: This section measures the skills of Compensation Analysts in creating and managing earnings and deduction elements. It covers the behavior of elements, creating element entry business rules, and configuring absence elements. Additionally, it includes adding eligibility rules for elements and creating rules for retroactive changes, ensuring accurate and timely payroll processing.
Topic 2	Describing Payroll Concepts: This section of the exam measures the skills of Payroll Specialists and covers foundational payroll concepts, including human resources and payroll person models. It also explains legislative data groups and payroll statutory units, which are essential for managing compliance and organizational structures. Additionally, this section includes creating payroll users and roles to ensure proper access and security within the payroll system.
Topic 3	Defining Payroll Costing Rules: This section evaluates the skills of Cost Accountants in setting up payroll costing rules. It includes configuring the Payroll Cost Flexfield, setting up various types of costing, and transferring data to subledger accounting for posting to the general ledger. These tasks ensure accurate financial reporting and cost allocation.
Topic 4	Managing Employee Level Payroll Information: This section measures the expertise of HR Payroll Coordinators in managing employee-specific payroll data. It includes adding element entries, bank account details, and payroll frequency details for employees. Additionally, it covers managing absences, initializing payroll balances, and ensuring accurate costing for individuals.
Topic 5	Configuring Payroll and Balance Definitions: This section evaluates the expertise of Payroll Analysts in setting up and managing payroll definitions and balance definitions. It includes configuring payroll definitions, editing payment dates, and ensuring accurate balance calculations. These tasks are critical for maintaining payroll accuracy and compliance with organizational and legal requirements.

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Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q36-Q41):

NEW QUESTION # 36
What is the maximum number of segments that a cost allocation key flexfield can have?

A. 0
B. 1
C. 2
D. 3
E. 4

Answer: A

NEW QUESTION # 37
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. Correct the errors, delete the batch, create a new batch, validate and transfer the batch again.
C. Undo the batch, correct the errors, validate and transfer the batch again.
D. Correct the errors, create a new batch, validate ant transfer the batch again.

Answer: C

NEW QUESTION # 38
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 a specific value to the parameter as entered by the user
C. Derives the value from the context of the current flow instance
D. Derives the value from a SQL Bind

Answer: A

Explanation:
Comprehensive and Detailed in Depth Explanation:
In Oracle Payroll Cloud, when a payroll flow task is configured with "Bind to Flow Task Parameter," it retrieves its parameter value from the output of the previous task in the flow. This allows for dynamic data passing between tasks within the same flow instance, enhancing automation and dependency management. Option A (user-entered value) applies to manual inputs, not binding. Option B (SQL Bind) refers to database queries, not task outputs, and Option D (flow instance context) is less specific and not the direct source in this context. The Oracle documentation explains this under "Payroll Flow Parameters."

NEW QUESTION # 39
You need to associate a worker to your customer's weekly payroll but the payroll field only displays values for the monthly and by-weekly payrolls.
Which two issues are the source of problem? (Choose two.)

A. The weekly payroll has not been enabled for the worker's PSU.
B. Your data role does not include a payroll security profile that includes the weekly payroll.
C. The weekly payroll has not been created in the worker's legislative data group.
D. You do not have the Manage Payroll Definition duty role.

Answer: B,D

NEW QUESTION # 40
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. Base Element and input value of Earning Calculated
B. Base Element and input value of Pay Value
C. Result Element and input value of Pay Value
D. Result Element and input value of Earnings Calculated

Answer: D

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 # 41
......

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Latest Oracle - Exam 1Z0-1050-24 Forum

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Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q36-Q41):

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