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Oracle 1z0-1062-21 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Incentive Compensation Cloud 2021 Implementation Essentials
Exam Number:1Z0-1062-21
Exam Duration:90 minutes
Exam Format:Multiple Choice, Multiple Select
Certificate Validity Period:2 years
Passing Score:65%
Real Exam Qty:50-60
Exam Price:$245 USD
Available Languages:English
Related Certifications:Oracle Incentive Compensation Cloud Implementation Certification
Oracle Fusion Cloud Applications Certifications
Recommended Training:Oracle University Training - Incentive Compensation Cloud
Exam Registration:Oracle Certification Registration
Sample Questions:Oracle 1z0-1062-21 Sample Questions
Exam Way:Online proctored or test center exam
Pre Condition:Basic knowledge of Oracle Fusion Cloud Applications and incentive compensation concepts is recommended.
Official Syllabus URL:https://education.oracle.com

Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionObjectives
Reporting and Administration- Reports and Analytics
  • 1. Standard reports usage
    • 2. Performance tracking
      - System Administration
      • 1. Monitoring and troubleshooting
        • 2. Data loading and maintenance
          Compensation Plans and Rules- Credit and Allocation Rules
          • 1. Territory and assignment rules
            • 2. Credit rules configuration
              - Plan Design
              • 1. Quota and target setup
                • 2. Commission structure definition
                  Incentive Compensation Cloud Overview- Core Concepts of Incentive Compensation
                  • 1. Purpose and business use cases
                    • 2. Key terminology and components
                      Setup and Configuration- Security Configuration
                      • 1. Access control setup
                        • 2. Roles and privileges
                          - Application Setup
                          • 1. System parameters and preferences
                            • 2. Initial configuration and prerequisites
                              Incentive Calculation and Processing- Calculation Engine
                              • 1. Run cycles and processing logic
                                • 2. Error handling and adjustments

                                  Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

                                  1. A performance measure is to be set up to determine the commission rate using total sales attainmentpercentage for a quarter, which is measured as total sales by participant for the quarter divided by target for the quarter.
                                  How would you set up this performance measure?

                                  A) Set Process Transaction - Grouped By Interval and Interval = Quartet, have the input expression
                                  'sum(Credit.transaction amount/Measure.Target)', and enter targets directly inthe performance measure.
                                  B) Set Process Transaction = Individually and Interval=Quarter, select Running Total, select Accumulate for input expressions 'transaction amount', and enter targets directly in the performance measure
                                  C) Set Process Transaction = Individually and Interval = Quarter, select Running Total, select Accumulate for input expression 'credit.transaction amount', and enter targets in the plan component associated with the performance measure.
                                  D) Set Process Transaction = Grouped By Interval and Interval = Quarter, have theinput expression
                                  'sum(Credit.transaction amount/Measure.Target)', and enter targets in the plan component associated with the performance measure.


                                  2. Your stand alone SaaS implementation project starts in two weeks. With which four roles must you staff your consulting team?

                                  A) Business Analyst, DBA, Reporting Specialist, Data Specialist
                                  B) System Administrator Business Analyst, Reporting Specialist, Project Manager
                                  C) System Administrator, Business Analyst, DBA, Project Manager
                                  D) Business Analyst, Reporting Specialist, Data Specialist, Project Manager


                                  3. 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.

                                  A) Create and pay another payment batch for period 6.
                                  B) Create and pay another payment batch for period 4.
                                  C) Create and pay a payment batch for period 8.
                                  D) Create and pay another payment batch for period 7.
                                  E) Create and pay another payment batch for period 5.


                                  4. You must create a request set for simplifying the Incentive Compensation processes for your end customer.
                                  You asked Oracle Support to put the programs in the following sequence:
                                  1. Revert Transaction
                                  2. Run Crediting and Rollup
                                  3. Run Classify Credits
                                  4. Calculate
                                  Whicharethe correct values of the corresponding BU parameters?

                                  A) Rollup using Rollup Hierarchy, Classify after crediting
                                  B) Rollup using Credit Hierarchy, Classify before crediting
                                  C) Rollup using Credit Hierarchy, Classifyaftercrediting
                                  D) Rollup Using= Both, Classify after crediting


                                  5. A regional sales manager is promoted to a higherposition and becomes eligible to receive rollup credit from multiple business units. How should you create a rollup hierarchy rule to receive rollup horn multiple business units?

                                  A) Import the manager's employee record as a participant In each business unit and copy the rollup hierarchy rules to each business unit.
                                  B) Import all participants under the manager inall business units and copy the rollup hierarchy rules to each business unit.
                                  C) Cross-region rollups are not supported. Managers and salespeople must be participantsIn the same business unit
                                  D) No additional configurations are required because the application accommodates cross-region rollups.


                                  Solutions:

                                  Question # 1
                                  Answer: D
                                  Question # 2
                                  Answer: D
                                  Question # 3
                                  Answer: B,C
                                  Question # 4
                                  Answer: A
                                  Question # 5
                                  Answer: B

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