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Oracle 1Z0-1050-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Reporting and Compliance- Payroll reports
  • 1. Standard payroll reports
    • 2. Audit and reconciliation reports
      Topic 2: Costing and Accounting- Payroll costing setup
      • 1. Cost allocation rules
        • 2. Costing results review
          Topic 3: Payroll Processing- Payments
          • 1. Off-cycle payments
            • 2. Payment methods and distribution
              - Payroll run cycles
              • 1. Payroll reconciliation
                • 2. Calculate payroll
                  Topic 4: Payroll Fundamentals- Payroll setup overview
                  • 1. Legislative data groups
                    • 2. Payroll definitions
                      - Payroll concepts and lifecycle
                      • 1. Payroll relationship model
                        • 2. Payroll flows and processes
                          Topic 5: Elements and Earnings/ Deductions- Element configuration
                          • 1. Deduction elements setup
                            • 2. Earnings elements setup
                              - Balances and formulas
                              • 1. Balance definitions
                                • 2. Formula creation and validation
                                  Topic 6: Security and Integration- Security roles
                                  • 1. Payroll security model
                                    - Integration
                                    • 1. Third-party payroll integration
                                      • 2. HCM integration with Payroll

                                        Oracle Payroll Cloud 2023 Implementation Professional Sample Questions:

                                        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. 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.
                                        • B. Use the batch Loader task to import time element entries into cloud payroll.
                                        • C. Use the Load Time Card process to import time entries into cloud payroll.
                                        • D. It is not possible to load time directly from a third-party time product into cloud payroll.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A  🗳️

                                        Which option represents the costing hierarchy necessary to build a cost account when the element costing is defined with costing type as "Costed"?

                                        • A. Payroll, Element Eligibility, Department, Job, Position, Person Person Element, Element Entry
                                        • B. Payroll, Person Element Entry, Department, Job or Position, Person, Element Eligibility
                                        • C. Payroll, Department, Job or Position, Element Eligibility, Person, Element Entry
                                        • D. Element Eligibility, Payroll, Department, Job or Position, Person, Element Entry
                                        Reveal Solution  Discussion  0

                                        Correct Answer: D  🗳️

                                        A customer's organization has a grade structure with four grades - C1, C2, C3, and C4. You have a car allowance element, which is art 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 the element eligibility as an Open Eligibility and create an element entry only for employees with grades C3 and C4.
                                        • B. You cannot meet the requirement as you cannot create element eligibility using grade as the eligibility criteria.
                                        • C. Define multiple element eligibilities using grade C1, C2, C3, and C4, but create an element entry only for employees with grades C3 and C4.
                                        • D. Define multiple element eligibilities using grade C3 and C4.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: D  🗳️

                                        Your customer has some questions around the parameters that must be entered when running the prepayments process.
                                        From which two work areas can you access the prepayment process?

                                        • A. Payroll Calculating
                                        • B. Payroll Checklist
                                        • C. Accounting Distribution
                                        • D. Payment Distribution
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,C  🗳️

                                        Whilst testing the payroll ran, five workers went into error status. The remaining 10,000 workers completed successfully. You have reviewed and corrected the underlying issues for the five workers and now need to correct their payroll results.
                                        What action should you take?

                                        • A. Manually update the payroll run status for each worker from error to complete.
                                        • B. Rollback the payroll run and reprocess
                                        • C. Process Payroll
                                        • D. Mark erred workers for retry and retry the payroll.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A  🗳️

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