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| Certification Vendor: | Oracle |
| Exam Name: | Oracle Incentive Compensation Cloud 2021 Implementation Essentials |
| Exam Number: | 1z0-1062-21 |
| Exam Price: | USD $245 |
| Available Languages: | English |
| Exam Format: | Multiple Choice, Scenario-Based Questions |
| Certificate Validity Period: | 18 months |
| Real Exam Qty: | 55-76 |
| Related Certifications: | Oracle HCM Cloud Implementation Specialist |
| Passing Score: | 63% |
| Exam Duration: | 105 minutes |
| Recommended Training: | Oracle Product Documentation Oracle Incentive Compensation Cloud Implementation Training |
| Exam Registration: | Oracle University Registration Pearson VUE Scheduling |
| Sample Questions: | Oracle 1z0-1062-21 Sample Questions |
| Exam Way: | Online proctored or in-person at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended 6+ months hands-on experience with Oracle HCM Cloud and incentive compensation concepts |
| Official Syllabus URL: | https://education.oracle.com/oracle-incentive-compensation-cloud-2021-implementation-essentials/trackp_1Z0-1062-21 |
| Section | Weight | Objectives |
|---|---|---|
| Classification and Crediting | 20% | - Crediting Hierarchies and Rules - Transaction Classification Rules - Processing Transactions |
| Compensation Plans and Components | 25% | - Earnings and Calculation Logic - Performance Measures and Formulas - Plan Design and Creation - Rate Tables and Tiers |
| Overview of Incentive Compensation Cloud | 15% | - Security and Access Control - Implementation Methodology - Key Concepts and Architecture |
| Core Setup and Configuration | 25% | - Profile Options and Parameters - Enterprise Structure and Reference Data - Calendars, Periods, and Currencies |
| Participants, Payments, and Reporting | 15% | - Analytics, Dashboards, and Reports - Participant Setup and Hierarchies - Paysheets and Payment Administration - Maintenance and Troubleshooting |
1. You want to create compensation plans for a new businessunit and found that the plans are similar to the existing compensation plans. How can you achieve this?
A) You can use db tools to copy the compensation plans from one business unit to another.
B) You can export the compensation plans from current business unit. Log In to the new business unit and import them into the new business unit, which imports the complete compensation plans with the associated plan components.
C) You can export the compensation plans from current business unit. Log in to the new business unit and import them into the new business unit, but you must create plan components andperformance measures manually.
D) You can only manually create them in the new businessunit, as you cannot Import plans exported from another business unit.
2. A performance measure is to be set up to determine the commission rate using total sales attainmentpercentage for a quarter, which is measured as total sales by participant for the quarter divided by target for the quarter.
How would you set up this performance measure?
A) Set Process Transaction = Individually and Interval = Quarter, select Running Total, select Accumulate for input expression 'credit.transaction amount', and enter targets in the plan component associated with the performance measure.
B) Set Process Transaction = Individually and Interval=Quarter, select Running Total, select Accumulate for input expressions 'transaction amount', and enter targets directly in the performance measure
C) Set Process Transaction - Grouped By Interval and Interval = Quartet, have the input expression
'sum(Credit.transaction amount/Measure.Target)', and enter targets directly inthe performance measure.
D) Set Process Transaction = Grouped By Interval and Interval = Quarter, have theinput expression
'sum(Credit.transaction amount/Measure.Target)', and enter targets in the plan component associated with the performance measure.
3. A report with relevance to Contacts has to be built to show the entire business life cycle associated to the Contact. The developer decides to design the report by combiningreports using SQL. He has taken care of having multiple logical statements based on common ID/Keys, yet he finds some issues due to Joins in reports.
Identify the technique that could resolve the Join issue.
A) This technique allows you to Join multiple logical SQL statements by using Inner Join and Outer Join.
B) This technique allows you to Join multiple logical SQL statements by using Inner Join, Outer Join and Doss Join.
C) This technique allows you to Join multiple logical SQL statements by using Equi Join and Cross Join.
D) This technique does not allow you to Join multiple logical SQL statements by using Inner Join and Outer Join.
E) This technique allows you to Join multiple logical SQL statements by using Equi Joins.
4. You want to enable Plan Component ID, Period ID, and Participant IDforuse as parameters in a User-Defined Function. Which table should these be drawn from?
A) CN_SRP_PER_FORM_METRICS_ALL
B) CN_SRP_PIAN_C0HPONENTS_ALL
C) CN_SRP_SUBLEDGER_ALL
D) CN_TP_TRANSACTIONS_ALL
E) CN_SRP_PARTICIPANTS_ALL
5. Acustomer wants to credit one of its sales managers to receive direct credit for each sale in a particular state How can you accomplish this?
A) Create a direct credit rule, assign all participants reporting to this participant as credit receivers, and set
'State' as qualifier
B) Create a direct credit rule, assign this participant as a credit receiver, and set 'State' as a Qualifier.
C) Create a rollup hierarchy rule and assign the participant as a credit receiver.
D) Create a team credit rule for this state and assign the participant as a credit receive
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: E | Question # 4 Answer: D | Question # 5 Answer: A |
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