Oracle Fusion Compensation 2014

Certified Implementation Specialist

Exam Study Guide

Getting Started
The Oracle Fusion Compensation 2014 Certified Implementation Specialist Exam Study Guide is designed to help you
prepare for the Oracle Fusion Compensation 2014 Essentials Exam (1Z1-495).
Earning this certification helps OPN members differentiate in the marketplace through proven in-depth expertise, and
helps their partner company qualify for the Oracle HCM: Oracle Fusion HCM Solutions Specialization.

Target Audience
Oracle Fusion Compensation 2014 Essentials exam audience defines the type of participants who are likely to pass the
exam and targets individuals with a specific level of education and expertise:
Job Role:

Functional Implementers
Senior or Principal Financial Consultant

Level of Competency:

Candidates should be able to create and implement configuration design.

Strongly recommended for the individuals to have at least 2 years implementation experience.
Participants may be new to Fusion but should possess a deep knowledge of Compensation Management
practices and regulations.

Exam Topics
Oracle Fusion Compensation 2014 Essentials Exam covers five topics:

Define elements, balances and formulas

Workforce Compensation
Total Compensation Statements

Base Pay
Individual Compensation

Levels of Knowledge
Each exam topic contains objectives and each objective is categorized by learner or practitioner level of knowledge.

Learner items test foundational grasp and

require product comprehension (not

Example:
When setting up price list modifiers in Advanced Pricing, which

Oracle Fusion HCM Compensation 2014 Certified Implementation Specialist Study Guide
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recognition or memorization).

three steps must be completed in order to successfully activate

surcharge and price break features?

Practitioner items present on-the-job

scenarios and require the ability to: integrate
and apply knowledge in new contexts, analyze
and troubleshoot complex issues, and solve
problems.

Example:
1) You are creating price list modifiers in Advanced Pricing.
Your customer has three requirements: X, Y, Z. Identify the two
steps that must be completed in order to meet those requirements.
2) You are running a two-instance database with six redo logs
defined. You decide to add a third thread to support a third
database instance, on the third node of the cluster.
Using command line administration, which two commands will
you execute to achieve this?

Training Options
Throughout the study guide each exam topic recommends one or several training formats:

Online Training
OPN Boot Camps
Oracle University Training

While the Oracle PartnerNetwork facilitates free access to online training, in class trainings often require a fee.

Oracle Fusion HCM Compensation 2014 Certified Implementation Specialist Study Guide
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Exam Details per Topic | Exam Registration Details | Additional Resources

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Exam Details per Topic

This section covers details associated to all exam topics such as: exam topics overview, objectives, levels of knowledge,
recommended trainings and sample questions. Specialization exams include all application functionalities not only the
most frequently used ones.

Topic 1: Define elements, balances and formulas

Objective

Level

Manage fast formulas

Practitioner

Create element eligibility criteria

Practitioner

Describe element classifications

Learner

Describe deductions

Learner

Recommended Training
Online Training

Fusion 11g Release 7 (11.1.7.0.0) TOI: Compensation Product Overview

Fusion 11gR1 (11.1.1.5.0) Functional Demo: Set Up Workforce Deployment - Define Elements, Balances and Formulas - Element Entry

OPN Boot Camp

ETA FY14Q2

Oracle University Training

Fusion Applications: HCM Compensation

Sample Question
Formulas are pieces of code that can:

Receive information from calling programs

Access database information

Return values to the calling program

Delete database information

Oracle Fusion HCM Compensation 2014 Certified Implementation Specialist Study Guide
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Topic 2: Base Pay

Objective

Level

Describe salary basis

Learner

Describe salary components

Learner

Manage base pay

Practitioner

Recommended Training
Online Training

Fusion 11gR1 (11.1.1.5.0) TOI: Manage Compensation - Manage Base Pay

OPN Boot Camp

ETA FY14Q2

Oracle University Training

Fusion Applications: HCM Compensation

Sample Question
What are system restrictions after associating a salary basis with any
worker?

You cannot delete it or modify any characteristic other than

salary component configuration

You can delete it or modify any characteristic if you have

Administrative privilege

You cannot delete it or modify any characteristic

You cannot delete it but you can modify any characteristic other
than salary component configuration

Oracle Fusion HCM Compensation 2014 Certified Implementation Specialist Study Guide
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Exam Details per Topic | Exam Registration Details | Additional Resources

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Topic 3: Individual Compensation

Objective

Level

Describe individual compensation plans

Practitioner

Describe variable allocation approvals

Practitioner

Configure compensation history

Learner

Manage personal contribution

Practitioner

Recommended Training
Online Training

Fusion 11gR1 (11.1.1.5.0) TOI: Manage Compensation - Manage Individual Compensation

OPN Boot Camp

ETA FY14Q2

Oracle University Training

Fusion Applications: HCM Compensation

Sample Question
If you do not restrict access, plans become available:

To line managers and workers

In all pages where individual compensation or personal

contributions can be managed

To no one by default

To workers only

To Compensation Managers only

Oracle Fusion HCM Compensation 2014 Certified Implementation Specialist Study Guide
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Topic 4: Workforce Compensation

Objective

Level

Explain compensation plan design choices

Learner

Manage and administer compensation plans

Practitioner

Configure plan cycles

Practitioner

Configure budget page layout

Practitioner

Configure performance ratings

Practitioner

Configure approvals

Practitioner

Administer compensation plan

Practitioner

Configure plan access

Practitioner

Manage compensation change statements

Practitioner

Configure compensation worksheet

Practitioner

Manage models and budgets

Practitioner

Recommended Training
Online Training

Fusion 11gR1 (11.1.1.5.0) TOI: Manage Compensation - Manage Workforce Compensation

OPN Boot Camp

ETA FY14Q2

Oracle University Training

Fusion Applications: HCM Compensation

Sample Question
Line managers can see:

Plans for which they are eligible

Status of their lower-level managers' worksheets

History of actions that occurred this cycle

Approval chain for the plan this cycle

Actions they can take directly for the worksheet

Plans of peers with the same job code

Oracle Fusion HCM Compensation 2014 Certified Implementation Specialist Study Guide
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Exam Details per Topic | Exam Registration Details | Additional Resources

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Topic 5: Total Compensation Statements

Objective

Level

Explain total compensation statements

Learner

Manage statement definitions

Practitioner

Generate total compensation statements

Practitioner

Recommended Training
Online Training

Fusion Applications Deep Dive: Implementation and Configuration Considerations - HCM Total Compensation Statements

OPN Boot Camp

ETA FY14Q2

Oracle University Training

Fusion Applications: HCM Compensation

Sample Question
Total compensation statements include:

Nontraditional pay, such as fringe benefits, cost of benefits,

and paid time off

Traditional pay, such as base pay and variable compensation

Non-pay, such as value of corner office and organizational level

Oracle Fusion HCM Compensation 2014 Certified Implementation Specialist Study Guide
Getting Started | Target Audience | Exam Topics | Training Options |
Exam Details per Topic | Exam Registration Details | Additional Resources

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Exam Registration Details

Full exam preparation details are available on the exam page Oracle Fusion Compensation 2014 Essentials (1Z0-495),
including learning objectives, number of questions, time allowance, pricing and languages available.
The OPN Certified Specialist Exams appointments are available worldwide at Pearson VUE Testing Centers.
Reservations can be made via phone or online.
Candidates must have an Oracle Web Account to access CertView and check their exam results. In order to have their
certifications reflected on OPN Competency Center, both CertView and Pearson Vue accounts must be updated with the
current OPN Company ID. Your Company ID can be obtained by contacting your local Oracle Partner Business Center
or by signing in to your OPN account.

Additional Resources

Oracle HCM Cloud: Oracle Fusion HCM Cloud Service Solutions Knowledge Zone
Oracle HCM: Oracle Fusion HCM Solutions Knowledge Zone
Fusion Learning Center
Oracle Fusion Applications Enterprise Repository
Oracle Fusion Applications 11g User Assistance
Oracle Fusion Applications Training by Oracle University
Oracle Fusion Applications: Monthly Partner Updates Live & Replays
OPN Guided Learning Paths & Assessments
OPN Certified Specialist Exam Study Guides

Oracle Fusion HCM Compensation 2014 Certified Implementation Specialist Study Guide
Getting Started | Target Audience | Exam Topics | Training Options |
Exam Details per Topic | Exam Registration Details | Additional Resources

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