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Oracle 1Z0-1050-24 Exam Syllabus Topics:
Topic
Details
Topic 1
- 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 2
- 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 3
- 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 4
- 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 5
- 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 6
- 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 7
- 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.
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1Z0-1050-24 Exam Braindumps: Oracle Payroll Cloud 2024 Implementation Professional & 1Z0-1050-24 Actual Test Questions
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Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q83-Q88):
NEW QUESTION # 83
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 or Warning
- B. Error, Warning, Complete
- C. All statuses
- D. Error, Warning, Complete, In Progress
Answer: D
Explanation:
Comprehensive and Detailed in Depth Explanation:
In Oracle Payroll Cloud, notifications for tasks within a flow pattern can be configured to trigger based on specific task statuses. The supported statuses are "Error," "Warning," "Complete," and "In Progress," allowing administrators to monitor critical stages of payroll processing. Option A excludes "In Progress," which is a valid status for ongoing tasks. Option C limits notifications to only "Error or Warning," missing other key statuses. Option D ("All statuses") is overly broad and not explicitly supported as a configuration choice. The documentation under "Payroll Flow Patterns" confirms these statuses for notification setup.
NEW QUESTION # 84
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 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 the output of the previous task
Answer: D
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 # 85
Your customer is using a third-party time product. You have created elements using the time category and now need to import time card hours into Cloud Payroll. How can you meet this requirement?
- A. It is not possible to load time directly from a third-party time product into Cloud Payroll.
- B. Use the Load Time Card process to import time entries into Cloud Payroll.
- C. Use the batch loader task to import time element entries into Cloud Payroll.
- D. Use the Load Time Card process to import time entries into Cloud Time and Labour, and then use the batch loader task to import time element entries into Cloud Payroll.
Answer: B
Explanation:
Comprehensive and Detailed in Depth Explanation:
Oracle Payroll Cloud supports importing time card hours from third-party time products directly into payroll using the "Load Time Card" process. This process maps time entries to payroll elements (created with the time category) and integrates them into the payroll calculation. Option B introduces an unnecessary step via Cloud Time and Labour, which is not required for direct payroll integration. Option C is incorrect, as this integration is supported, and Option D (batch loader) is less specific and not the primary method for time imports. The Oracle documentation details this under "Integrating with Third-Party Time Systems."
NEW QUESTION # 86
An element is defined with costing type as "Fixed Costing".
Which costing levels are considered while building cost account?
- A. Payroll, Element Eligibility, Element Entry
- B. Payroll, Element Eligibility, Department, Element Entry
- C. Payroll, Person Element Entry, Department, Job or Position, Person, Element Eligibility
- D. Payroll, Department, Element Eligibility
Answer: A
NEW QUESTION # 87
You have a requirement to stop the new entries from being created for an element and to continue the existing entries. How do you achieve this?
- A. You cannot achieve this requirement because you need to continue the existing element entries.
- B. Change the effective date to the required date and select the "Closed for entry" check box.
- C. End date the element definition.
- D. Delete the element definition and re-create it with a different effective date.
Answer: B
Explanation:
In Oracle Payroll Cloud, to prevent new entries for an element while allowing existing entries to continue processing, you can modify the element definition by setting an effective date and selecting the "Closed for entry" check box (Option D). This action ensures that no new element entries can be created after the specified date, but existing entries remain active and processable in payroll runs. Option A is incorrect because this requirement is achievable. Option B (end-dating the element) stops all processing, including existing entries, which does not meet the requirement. Option C (deleting and re-creating) is unnecessary and disrupts continuity. Oracle documentation confirms that "Closed for entry" is the intended mechanism for this scenario.
NEW QUESTION # 88
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