Verified 1z0-1062-21 dumps Q&As – 100% Pass from SurePassExams [Q23-Q42]

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Verified 1z0-1062-21 dumps Q&As – 100% Pass from SurePassExams

Pass 1z0-1062-21 Exam in First Attempt Guaranteed 2022 Dumps!

NO.23 Identify the roles that are critical for implementation users to enable them to perform setup tasks In Fusion Setup Manager.

COMPENSATION PLAN ADMINISTRATOR

APPLICATION IMPLEMENTATION CONSUI TANT

INCENTIVE COMPENSATION APPLICATION ADMINISTRATOR

INCENTIVE COMPENSATION INTEGRATION SPECIAUSI

BI_ADMINISTRATOR

NO.24 An administrator is defining periods in the Incentive Compensation application quarterly calendar. She is defining the same start date fortwo periods with a different end date.
Which Statement represents the error for this scenario?

Please select the period type for each newly-added period row.

The start date cannot be later than the end date for a period.

The date range should not overlap with any other period.

The period is overlapping with system defined quarterly period.

NO.25 A company has itsclassificationrules, which are at the samelevel in the hierarchy, set up as:

Whichoption showsthecredit category or categoriesthatwill be assigned to this transaction during the Classification process?

COMPUTERS

LAPTOP

TOSHIBA

INTEL

NO.26 Performance Measures can be addedto expressions in the expression builder. Which structures are supported?

Input of performance measure Interval-to-date can be used in the formula expression of a plan component.

Output of performance measure on one plan component can be used asInput to rate table on another performance measure on a different plan component.

The output of five performance measures can be combined in the formula expression of a plan component.

The goalof one performance measure can be used in the formulaexpression of a different performance measure.

A and D

A, B, and C

NO.27 You have a plan component, PCI, whoso output is dependent onplan component, PC2. Which two statements are true about achieving the stated objective?

PCI must have Calculation sequence less than that of PC2.

PCI must have Calculation sequence greater than that of PC2.

PCI must have Calculation Phase as ‘Phase 1’ and PC2 must have calculation phase as ‘Phase2’.

PCI must have Calculation Phase as,Phase2′ and PC2 must have calculation phase as ‘Phase 1’.

NO.28 You want to create compensation plans for a new businessunit and found that the plans are similar to the existing compensation plans. How can you achieve this?

You can use db tools to copy the compensation plans from one business unit to another.

You can only manually create them in the new businessunit, as you cannot Import plans exported from another business unit.

You can export the compensation plans from current business unit. Log in to the new business unit and import them into the new business unit, but you must create plan components andperformance measures manually.

You can export the compensation plans from current business unit. Log In to the new business unit and import them into the new business unit, which imports the complete compensation plans with the associated plan components.

NO.29 Dining the Rollup process, the Incentive Compensation application determines all participants who must receive indirect credit for the transaction.
Identify the two options this is based on.

all the participants associated with that customer

all the participants in the compensation group

all the participants in theorganization

Rollup date

Rollup hierarchy effective for that date

NO.30 Which two statements are true about disputes?

Disputes are assigned to the analyst who is associated with the participant creating the dispute.

Disputes are assigned to the analyst who is associated with the participant creating the dispute, and assigned to the compensation manager who the analyst reports to in the payment analyst hierarchy.

Participants can view the disputes they have created in their worklist

Compensation Managers can reassign disputes todifferent analysts.

NO.31 A participant is transferred to another business unit.
Identify the configuration changes required to calculate and pay compensation to the participant in the new business unit.

Assign the participant to a new role and resource group.

Create a new HR employee record forthis participant as transfer across business unit is not supported by the application.

Assign the participant to the global business unit and global role,

Enter an End Date for the participant record in the current business unit, import participant into the new business unit, and assign appropriate Comp Plan and Paygroup.

NO.32 Which Oracle Sales Cloud and Incentive Compensation applications security construct controls what functions and data a user has access to?

Security Profile

Role

Responsibility

Job

NO.33 A payment plan is to be configured to pay a minimum (draw) flat amount of 8,000 per period, which is nonrecoverable. Payment adjustments must be applied only to commission type earnings, and bonus earnings should not be adjusted by the payment plan.
How should you configure the payment plan?

Associate the “Commission” payment group category to ‘Commission’ type plan components. In the Payment Plan, select ‘Commission’ from the Payment Group Category dropdown, enter 8,000 in the Flat Minimum Amount to Pay Participant field, enter 8,000 in the Maximum Payment field, select “Yes” for the Carry Forward Maximum drop down, and select ‘No’ for the Minimum Recovery option.

Associate the ‘Commission’ Incentive Type (payment group category) to ‘Commission’ type plan components. In the Payment plan, select ‘Commission’ from the Payment Group Category drop down, enter 8,000 in the Flat Minimum Amount to Pay Participant field, and select ‘No’ for the Minimum Recovery option.

Associate the ‘Commission’ Incentive Type (payment group category) to ‘Commission’ type plan components. In the Payment Plan, select ‘Commission’ from the Payment Group Category drop down, enter 8,000 in the Flat Minimum Amount to Pay Participant field, and select the ‘Yes’ for the Minimum Recovery option and ‘Immediate’ for the Recovery Start option.

Associate the ‘Commission’ payment group category to “Commission’ type plan components. In the Payment Plan, select ‘Commission’ from the Payment Group Category drop down, enter 8,000 In the Flat Minimum Amount to Pay Participant field, enter 8,000 in the Maximum Payment field, select ‘Yes’ for the Carry forward Maximum drop down, select ‘Yes’for the Minimum Recovery option, and
‘Immediate’ for the Recovery Start option.

NO.34 A compensation analyst wants to pay commissions calculated for period 4 that were initially missed. The current datefalls into period 8, and the last paid payment batch was in period 7.
Identify two options available for the compensation analyst to pay for period 4 commissions.

Create and pay a payment batch for period 8.

Create and pay another payment batch for period 7.

Create and pay another payment batch for period 5.

Create and pay another payment batch for period 4.

Create and pay another payment batch for period 6.

NO.35 Your customer is eager to see quickbenefitswith the new cloud softwaretheybought. Which approach can you recommend?

Configure in Production instance from the start of the project.

Conduct thorough requirement sessions to determine priorities.

Start small and add functionality incrementally.

Import datathat fits out of the box and enable reporting.

NO.36 A business unit has set up a calendar based on fiscal months, but period data is not displaying on reports Select the configuration you must verify to identify the root cause.

Report to work area mapping isdefined for each period.

Status is set to ‘Active’ for all of the required months.

‘Display period data in participant reports’ is selected.

Start and end dates for the fiscal months are valid.

NO.37 Acustomer wants to credit one of its sales managers to receive direct credit for each sale in a particular state How can you accomplish this?

Create a team credit rule for this state and assign the participant as a credit receive

Create a direct credit rule, assign this participant as a credit receiver, and set ‘State’ as a Qualifier.

Create a rollup hierarchy rule and assign the participant as a credit receiver.

Create a direct credit rule, assign all participants reporting to this participant as credit receivers, and set
‘State’ as qualifier

NO.38 Which format must the date column value have In File Based Data Import?

YYYY/MM/DD

DD/MM/YYYY

MM/DD/YYYY

Date format is configurable

NO.39 Of what type of role is Incentive Compensation Analyst an example?

Job

Abstract

Duty

Work Area

NO.40 Your configurations and repents are moved to the Production environment. You want to copy them to your Test environment. Which two actions must you take?

Enter a Service Request with My Oracle Support.

Align your patch levelbetween Production and Test environments.

Import the Compensation Plans.

Upgrade Production to the next release.

Set up the P2T tasks in Functional Setup Manager.

NO.41 Which descriptive flexfield should you use to update Incentive Compensation Transaction details?

CM_TP_TRANSACTIOM_DFP

FIC_TRANSACTION_DFF

CN_TP_BASETRAHS_DFF

XC BASE_TRANS_DFF

NO.42 You are planning to move your configurations from the staging environment to the production environment.
Which task must you not include?

Export and Import reports by using the archive/unarchive function.