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>> 1Z0-1050-24 Valid Exam Syllabus <<

Oracle 1Z0-1050-24 Valid Test Sims | 1Z0-1050-24 Reliable Study Notes

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Oracle 1Z0-1050-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 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

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 4

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.

Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q66-Q71):

NEW QUESTION # 66
You have a requirement to restrict the entry on an input value such that the entered value is greater than 30 but less than 50. How do you achieve this?

A. Create a validation formula and attach it at the element eligibility level to validate the minimum and maximum of the input value at the time of entry.
B. Create a validation formula and attach it at the element input value level to validate the minimum and maximum of the input value at the time of entry.
C. In the element definition, enter minimum and maximum for the input value.
D. Create a validation formula and attach it at the element level to validate the minimum and maximum of the input value at the time of entry.

Answer: B

NEW QUESTION # 67
You are creating a car allowance element. The rules for this allowance need to reference the salary balance. How can you meet this requirement?

A. Associate the salary balance to a calculation card and reference the calculation card in the allowance element formula.
B. Enter the salary balance value as an input value on the car allowance element.
C. Reference the database item and appropriate dimension for the salary balance in the allowance element formula.
D. Create a balance feed to feed the salary balance to the car allowance element.

Answer: C

Explanation:
In Oracle Payroll Cloud, to reference a salary balance in the rules for a car allowance element, the most direct and recommended method is to use a fast formula that references the database item (DBI) and the appropriate dimension of the salary balance (Option A). Database items provide real-time access to balance values (e.g., "Gross Earnings YTD"), and the dimension specifies the time period or scope (e.g., period-to-date, year-to-date). This approach allows the car allowance calculation to dynamically pull the salary balance without additional setup. Option B (calculation card) is not applicable, as calculation cards are for individual overrides, not balance references. Option C (balance feed) is used to feed one balance into another, not for direct formula references. Option D (manual input) is static and impractical for ongoing calculations. Oracle documentation supports using DBIs in formulas for this purpose.

NEW QUESTION # 68
Which statement accurately describes how you create a tax reporting unit (TRU)?

A. If you identify a legal entity as a payroll statutory unit, you will have the option to identify the payroll statutory unit as a tax reporting unit.
B. You can identify a legal entity as a tax reporting unit.
C. When you identify a legal entity as a payroll statutory unit, the application transfers the legal reporting units that are associated with that legal entity to HCM as tax reporting units.
D. When you identify a legal entity as a legal employer, the application transfers the legal reporting units that are associated with that legal employer to HCM as tax reporting units.

Answer: C

NEW QUESTION # 69
The element template has created a "Results" element for a voluntary deduction element along with the base element. Which element is referenced here?

A. Distributor element
B. Base element
C. Calculator element
D. Results element

Answer: D

Explanation:
Comprehensive and Detailed in Depth Explanation:
In Oracle Payroll Cloud, when an element template is used to create a voluntary deduction element, it generates multiple related elements, including a "Base" element and a "Results" element. The "Results" element specifically stores the outcome of the payroll calculation for that deduction (e.g., the amount deducted). The question highlights that a "Results" element is created alongside the base element, making "Results element" (D) the correct reference. The "Distributor element" (A) and "Calculator element" (C) are not standard outputs of a voluntary deduction template, while "Base element" (B) is a separate component. This is explained in the Oracle documentation under "Element Templates and Results."

NEW QUESTION # 70
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. Create element eligibility for each absence element
B. Create an Absence Calculation Card to store the absence details
C. Create your absence elements
D. Manually enter the absence units in the employees' element entry

Answer: A,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 # 71
......

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