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Pass Guaranteed 2025 Efficient Oracle 1Z0-1050-24 Latest Braindumps Ebook

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Pass Guaranteed Oracle - 1Z0-1050-24 - Oracle Payroll Cloud 2024 Implementation Professional Latest Braindumps Ebook

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Oracle 1Z0-1050-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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.

Topic 2

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 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

Configuring Payroll and Balance Definitions: This section evaluates the expertise of Payroll Analysts in setting up and managing payroll definitions and balance definitions. It includes configuring payroll definitions, editing payment dates, and ensuring accurate balance calculations. These tasks are critical for maintaining payroll accuracy and compliance with organizational and legal requirements.

Topic 5

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.

Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q39-Q44):

NEW QUESTION # 39
You hire an employee on 01-JAN-2016. The employee is in the process of moving bank accounts and is yet to create a personal payment method. How will the employee receive their payroll payment for the month of January?

A. They won't receive payment until they have created a personal payment method.
B. The payment process will error and they will not receive payment for the month of January.
C. They will be paid by check, because this is the default payment method on the employee's payroll.
D. A cash payment request will be sent to accounts payable, and the employee will be paid in cash.

Answer: C

NEW QUESTION # 40
You defined the department costing information after the Calculate Payroll process is run that creates the costing results also. You noticed that the department costing information is not created for the employees who are in that department.
What should you do to ensure the department costing information is reflected for those employees without rolling back and rerunning the Calculate Payroll?

A. You run the Calculate Retroactive Costing process to recalculate costs for retroactive changes to costing setups.
B. You cannot rectify the costing results after they are created.
C. You roll back only the costing process and rerun it.
D. You do the adjustments in General Ledger because you cannot do changes in the costing results.

Answer: A

NEW QUESTION # 41
A customer is implementing the two-tier employment model. At what level are payroll run results captured in cloud payroll?
Response:

A. Work Relationship and Assignment
B. Payroll Relationship only
C. Payroll Relationship and Assignment
D. Assignment only

Answer: D

NEW QUESTION # 42
You have a requirement to stop the new entries from being created for an element and to continue the existing entries. How do you achieve this?
Response:

A. End date the element definition.
B. You cannot achieve this requirement because you need to continue the existing element entries.
C. Delete the element definition and re-create it with a different effective date.
D. Change the effective date to the required date and select the "Closed for entry" check box.

Answer: D

NEW QUESTION # 43
A customer's organization has a grade structure with four grades - C1, C2, C3, and C4. You have a car allowance element, which is at Assignment level, for which only the employees with grade C3 and C4 are eligible. You should not be able to create an element entry for employees with grades C1 and C2. How do you define the element eligibility for Car Allowance element?

A. Define the element eligibility as an Open Eligibility and create an element entry only for employees with grades C3 and C4.
B. Define multiple element eligibilities using grade C3 and C4.
C. You cannot meet the requirement as you cannot create element eligibility using grade as the eligibility criteria.
D. Define multiple element eligibilities using grade C1, C2, C3, and C4, but create an element entry only for employees with grades C3 and C4.

Answer: B

Explanation:
In Oracle Payroll Cloud, element eligibility can be defined using criteria such as grade to restrict who can receive an element. For the car allowance element at the Assignment level, where only grades C3 and C4 are eligible, you should define multiple element eligibilities specifically for grades C3 and C4 (Option B). This setup ensures that the system only allows element entries for employees in these grades, preventing entries for C1 and C2 at the assignment level. Option A is incorrect, as grade is a valid eligibility criterion. Option C (defining eligibility for all grades) defeats the purpose of restricting C1 and C2. Option D (Open Eligibility) allows entries for all grades unless manually controlled, which does not meet the requirement. Oracle's element eligibility framework supports this grade-based restriction.

NEW QUESTION # 44
......

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