EXAM ORACLE 1Z0-1050-24 COURSE | VALID 1Z0-1050-24 TEST ANSWERS

Exam Oracle 1Z0-1050-24 Course | Valid 1Z0-1050-24 Test Answers

Exam Oracle 1Z0-1050-24 Course | Valid 1Z0-1050-24 Test Answers

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Oracle 1Z0-1050-24 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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 2
  • 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 3
  • 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.
Topic 4
  • 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 5
  • 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.

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Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q68-Q73):

NEW QUESTION # 68
What is the maximum number of segments that a cost allocation key flexfield can have?

  • A. 0
  • B. 1
  • C. 2
  • D. 3
  • E. 4

Answer: C


NEW QUESTION # 69
There are several flows showing on the payroll dashboard that are incomplete. What action should be taken to complete the flow and remove it from showing on the dashboard?

  • A. From the Payroll Calculation Work Area, highlight the flow and select the complete flow action.
  • B. From the Payroll Calculation Work Area, highlight the flow and select the skip all tasks action.
  • C. From the Payroll Calculation Work Area, highlight the flow and select the rollback all tasks action.
  • D. From the Payroll Calculation Work Area, highlight the flow and select the delete flow action.

Answer: C

Explanation:
In Oracle Payroll Cloud, incomplete flows on the payroll dashboard indicate that a payroll process (e.g., Calculate Payroll) has not fully completed due to errors or interruptions. To resolve this and remove the flow from the dashboard, the recommended action is to rollback all tasks from the Payroll Calculation Work Area (Option B). Rolling back the tasks reverses the incomplete process, allowing users to address any issues (e.g., data errors) and resubmit the flow. Option A (skip all tasks) does not resolve the underlying issue and leaves the flow incomplete. Option C (complete flow action) is not a valid action for an incomplete flow, as completion requires successful task execution. Option D (delete flow action) is not applicable, as flows cannot be arbitrarily deleted from the dashboard without proper resolution. The rollback action ensures data integrity and is the standard approach per Oracle documentation.


NEW QUESTION # 70
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.

Answer: C


NEW QUESTION # 71
Which is the correct cost hierarchy used to build each account segment?

  • A. Element Entry, Person Payroll, Person Element, Position, Job, Payroll, Department, Element Eligibility, Payroll.
  • B. Element Entry, Person Payroll, Person Element, Position, Job, Department, Payroll, Element Eligibility.
  • C. Element Entry, Person Element, Person Payroll, Job, Position, Department, Payroll, Element Eligibility.
  • D. Element Entry, Person Element, Person Payroll, Position, Job, Department, Element Eligibility, Payroll.

Answer: D


NEW QUESTION # 72
You have run payroll process and need to validate and audit the run results before moving on to processing the payment. Which report helps you in diagnosing the results?

  • A. Payroll Balance Report
  • B. Payroll Data Validation Report
  • C. Payroll Activity Report
  • D. Balance Exception Report

Answer: C


NEW QUESTION # 73
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