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| 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 |
| Section | Objectives |
|---|---|
| Reporting and Administration | - Reports and Analytics
|
| Compensation Plans and Rules | - Credit and Allocation Rules
|
| Incentive Compensation Cloud Overview | - Core Concepts of Incentive Compensation
|
| Setup and Configuration | - Security Configuration
|
| Incentive Calculation and Processing | - Calculation Engine
|
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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