Oracle 1z1-495 : Oracle Fusion HCM: Compensation 2014 Essentials

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Exam Code: 1z1-495

Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials

Updated: Jun 05, 2026

Q & A: 71 Questions and Answers

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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup.

A) Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
B) Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
C) Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis,
D) Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.


2. Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?

A) Enable currency switching
B) Display the corporate currency
C) Use fast formula to display the employee currency using conversion rates
D) Set the preferred currency in the worksheet


3. ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?

A) Salary Component
B) Plan Access
C) Budget Pools
D) Action and Action Reasons
E) Plan Eligibility


4. A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?

A) Adjustment due to corrections within the organization
B) Market adjustment due to salary being out of line with the market
C) Equity adjustment to correct salary compression or inversion
D) Regular and automatic adjustment


5. Which item regarding plan access is not true?

A) Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
B) A compensation administrator's general access cannot be overridden.
C) A compensation administrator's general access can be overridden using roles.
D) Compensation administrators have access to all plan configuration tasks for all plans.


Solutions:

Question # 1
Answer: A,C
Question # 2
Answer: A
Question # 3
Answer: A
Question # 4
Answer: A,B,D
Question # 5
Answer: B

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