Oracle 1Z0-1050-24 New Study Notes | Latest 1Z0-1050-24 Exam Forum

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Oracle 1Z0-1050-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 3	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 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	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 6	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.

>> Oracle 1Z0-1050-24 New Study Notes <<

Quiz Oracle - 1Z0-1050-24 - Oracle Payroll Cloud 2024 Implementation Professional Perfect New Study Notes

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Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q20-Q25):

NEW QUESTION # 20
A customer is implementing the two-tier employment model. At what level are payroll run results captured in cloud payroll?

A. Payroll Relationship only
B. Assignment only
C. Payroll Relationship and Assignment
D. Work Relationship and Assignment

Answer: B

NEW QUESTION # 21
Your customer is using HCM Cloud Absence Management and wants to transfer absence information to Cloud Global Payroll so that it can be processed. Aside from creating your absence plan, which two steps do you need to complete in Cloud Global Payroll? (Choose two.)

A. Manually enter the absence units in the employees' element entry
B. Create element eligibility for each absence element
C. Create your absence elements
D. Create an Absence Calculation Card to store the absence details

Answer: B,C

Explanation:
Comprehensive and Detailed in Depth Explanation:
To transfer absence information from HCM Cloud Absence Management to Cloud Global Payroll, two key steps in Payroll are required: (1) "Create your absence elements" (D) to define the payroll elements linked to absence types, and (2) "Create element eligibility for each absence element" (B) to specify which employees qualify for these elements. Option A (Absence Calculation Card) is not a payroll component, and Option C (manual entry) is unnecessary as the integration automates data transfer via input values. This is detailed in the "Absence Integration with Payroll" section.

NEW QUESTION # 22
You hire an employee on 01-JAN-2016. The employee is in the process of moving bank accounts and is yet to create a personal payment method. How will the employee receive their payroll payment for the month of January?

A. The payment process will error and they will not receive payment for the month of January.
B. They won't receive payment until they have created a personal payment method.
C. They will be paid by check, because this is the default payment method on the employee's payroll.
D. A cash payment request will be sent to accounts payable, and the employee will be paid in cash.

Answer: C

Explanation:
In Oracle Payroll Cloud, if an employee has not yet set up a personal payment method (e.g., due to a bank account transition), the system uses the default payment method defined at the payroll level. Typically, this default is set to check (Option D) unless otherwise configured. For an employee hired on 01-JAN-2016 without a personal payment method by the January payroll run, the system will issue a check payment, ensuring the employee is paid without delay. Option A (no payment) and Option B (process error) are incorrect, as the default method prevents such outcomes. Option C (cash payment via accounts payable) is not a standard payroll process. Oracle documentation confirms the use of the payroll's default payment method in such cases.

NEW QUESTION # 23
A customer's organization has three Business Units - BU1, BU2, and BU3. You have an Onsite Allowance element, which is at Assignment level, for which only the employees in BU2 and BU3 are eligible.
How do you define the element eligibility for Onsite Allowance element so that the element entry is restricted only for BU2 and BU3?

A. Define multiple element eligibilities using BU2 and BU3 for Business Unit criteria.
B. You cannot meet the requirement as you cannot create element eligibility using business unit as the eligibility criteria.
C. Define the element eligibility as an Open Eligibility and create an element entry only for employees with BU2 and BU3.
D. Onsite Allowance element should be defined as the Payroll Relationship level element so that the element eligibility can be defined using Business Unit as the criteria.

Answer: B

NEW QUESTION # 24
You are testing the retropay process and enter a retrospective bonus entry for a worker. The bonus is calculated based on a percentage of the worker's salary. When you review the results of the retropay process you identify the bonus has not been included.
Identify two reasons why this is happening. (Choose two.)

A. Retropay has not been enabled on the bonus element.
B. Retropay has not been enabled on the salary element.
C. Element entry changes are not included in the retroactive event group.
D. Bonus element changes are not included in the retroactive event group.

Answer: A,C

NEW QUESTION # 25
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ORACLE 1Z0-1050-24 NEW STUDY NOTES | LATEST 1Z0-1050-24 EXAM FORUM

Oracle 1Z0-1050-24 New Study Notes | Latest 1Z0-1050-24 Exam Forum