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Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Incentive Compensation Cloud Overview- Core Concepts of Incentive Compensation
  • 1. Key terminology and components
    • 2. Purpose and business use cases
      Topic 2: Setup and Configuration- Application Setup
      • 1. Initial configuration and prerequisites
        • 2. System parameters and preferences
          - Security Configuration
          • 1. Roles and privileges
            • 2. Access control setup
              Topic 3: Incentive Calculation and Processing- Calculation Engine
              • 1. Error handling and adjustments
                • 2. Run cycles and processing logic
                  Topic 4: Reporting and Administration- Reports and Analytics
                  • 1. Performance tracking
                    • 2. Standard reports usage
                      - System Administration
                      • 1. Monitoring and troubleshooting
                        • 2. Data loading and maintenance
                          Topic 5: Compensation Plans and Rules- Plan Design
                          • 1. Quota and target setup
                            • 2. Commission structure definition
                              - Credit and Allocation Rules
                              • 1. Credit rules configuration
                                • 2. Territory and assignment rules

                                  Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

                                  1. Which two statements are true when you create an expression?

                                  A) You can use the metrics of a plan component but not of a performance measure in your expression.
                                  B) You can use the metrics of a performance measure but not of a plan component in your expression.
                                  C) You can use the metrics of both plan components andperformance measures in your expression.
                                  D) Anexpression like Credit.Credit__Amount*SUM(Credit.Quantity) will be invalid because the application does not allow you to mix aggregate functions with nonaggregated transactional attributes in the same expression.
                                  E) An expression like Credit.Credit Amount* SUM(Credit.Quantity) will be valid because the application allows you to mix aggregate functions with nonaggregated transactional attributes in the same expression.


                                  2. A client wants to associate both monthly and quarterly calendars with an incentive compensation business unit. Which method do you use to set up multiple calendars for incentive compensation business units?

                                  A) Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select both calendars.
                                  B) Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select a calendar; only one calendar can be selected.
                                  C) Go to the Manage Calendars task in the Define Incentive Compensation Shared Configuration task list and associate the same business unit with both calendars.
                                  D) Go to theManage Calendars in the Define Incentive Compensation Shared Configuration task list and associate the business unit with a desired period type.


                                  3. You have created one performance measure, PM1, which has the following definition with calculation sequence 1.

                                  You want to refer PMl output in performance measure 2 having calculation sequence 2. Which two statements are true?

                                  A) You can refer to attribute Measure result.PMl.Input.
                                  B) You can refer to attribute Measure result.PMl.Output.
                                  C) You can refer to attribute Measure result .PMl.PTD Output Achieved.
                                  D) You cannot access output of PMl In output expression of PMl.
                                  E) You can refer to attribute Measure result.PMl.PTD Output Achieved.


                                  4. The incentive compensation application set the paymentbatchstatus to 'Paid' for a particular period and the payments have to be adjusted for a Which is the correct way to do this?

                                  A) Payment batches can be edited and reprocessed.
                                  B) Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.
                                  C) No adjustment can be done for that period.
                                  D) Pay sheets can be adjustedaccordingly.


                                  5. 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?

                                  A) Create a direct credit rule, assign all participants reporting to this participant as credit receivers, and set
                                  'State' as qualifier
                                  B) Create a team credit rule for this state and assign the participant as a credit receive
                                  C) Create a rollup hierarchy rule and assign the participant as a credit receiver.
                                  D) Create a direct credit rule, assign this participant as a credit receiver, and set 'State' as a Qualifier.


                                  Solutions:

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

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