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[General] 1Z0-1050-24 Valid Exam Braindumps - 100% Pass Quiz Oracle First-grade 1Z0-1050-2

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【General】 1Z0-1050-24 Valid Exam Braindumps - 100% Pass Quiz Oracle First-grade 1Z0-1050-2

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Oracle 1Z0-1050-24 Exam Syllabus Topics:
TopicDetails
Topic 1
  • Configuring Payroll Payment Details: This section is designed for Payroll Administrators and focuses on setting up payment details for employees and third parties. It includes adding company payment details, configuring payslip reports, and ensuring accurate payment processing. These tasks are essential for delivering accurate and timely payments to employees and external entities.
Topic 2
  • Maintaining Payroll Flows: This section is designed for Payroll Managers and focuses on maintaining and submitting payroll flows. It ensures that payroll processes are executed smoothly and efficiently, from data entry to final payroll submission. This section is critical for ensuring timely and accurate payroll processing.
Topic 3
  • 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 4
  • 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.
Topic 5
  • 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 6
  • Calculating, Validating, and Correcting Payroll Processes: This section evaluates the skills of Payroll Auditors in calculating, verifying, and correcting payroll processes. It includes confirming the status of payroll flows, verifying costing results, and reconciling payroll data. These tasks are essential for ensuring payroll accuracy and compliance with organizational and legal standards.
Topic 7
  • 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.

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Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q86-Q91):NEW QUESTION # 86
How should you configure the predefined payslip report to meet your customer's payslip requirements?
  • A. Open the seeded Payslip report and edit the template.
  • B. Payslips cannot be configured and must be built from the beginning.
  • C. Rename the seeded Payslip report and edit the content within the seeded template.
  • D. Modify the copy of the seeded payslip template and use it in a copy of the seeded payslip report.
Answer: C

NEW QUESTION # 87
A customer's organization has a grade structure with four grades - C1, C2, C3, and C4. You have a car allowance element, which is at Assignment level, for which only the employees with grade C3 and C4 are eligible. You should not be able to create an element entry for employees with grades C1 and C2. How do you define the element eligibility for Car Allowance element?
  • A. Define multiple element eligibilities using grade C3 and C4.
  • B. Define multiple element eligibilities using grade C1, C2, C3, and C4, but create an element entry only for employees with grades C3 and C4.
  • C. Define the element eligibility as an Open Eligibility and create an element entry only for employees with grades C3 and C4.
  • D. You cannot meet the requirement as you cannot create element eligibility using grade as the eligibility criteria.
Answer: A
Explanation:
In Oracle Payroll Cloud, element eligibility can be defined using criteria such as grade to restrict who can receive an element. For the car allowance element at the Assignment level, where only grades C3 and C4 are eligible, you should define multiple element eligibilities specifically for grades C3 and C4 (Option B). This setup ensures that the system only allows element entries for employees in these grades, preventing entries for C1 and C2 at the assignment level. Option A is incorrect, as grade is a valid eligibility criterion. Option C (defining eligibility for all grades) defeats the purpose of restricting C1 and C2. Option D (Open Eligibility) allows entries for all grades unless manually controlled, which does not meet the requirement. Oracle's element eligibility framework supports this grade-based restriction.

NEW QUESTION # 88
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
Answer: A

NEW QUESTION # 89
You have run the payroll calculation and several workers have an error status.
What action should you take to remove the payroll calculation results for all workers?
  • A. Rollback
  • B. Delete Records
  • C. Retry
  • D. Mark for Retry
Answer: A

NEW QUESTION # 90
Which is the correct cost hierarchy used to build each account segment?
  • A. Element Entry, Person Payroll, Person Element, Position, Job, Department, Payroll, Element Eligibility.
  • B. Element Entry, Person Payroll, Person Element, Position, Job, Payroll, Department, Element Eligibility, Payroll.
  • C. Element Entry, Person Element, Person Payroll, Position, Job, Department, Element Eligibility, Payroll.
  • D. Element Entry, Person Element, Person Payroll, Job, Position, Department, Payroll, Element Eligibility.
Answer: C

NEW QUESTION # 91
......
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