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Oracle 1Z0-1050-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 2

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 3

Describing Payroll Concepts: This section of the exam measures the skills of Payroll Specialists and covers foundational payroll concepts, including human resources and payroll person models. It also explains legislative data groups and payroll statutory units, which are essential for managing compliance and organizational structures. Additionally, this section includes creating payroll users and roles to ensure proper access and security within the payroll system.

Topic 4

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 5

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.

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Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q76-Q81):

NEW QUESTION # 76
What are three important considerations when you create your batch data to initialize employee balances?

A. You must include all balances for one employee within one batch.
B. You must initialize balances before you run any payroll processes.
C. You must create your batches by Legislative Data Group.
D. You must use the same date for all batch detail lines.

Answer: A,B,C

NEW QUESTION # 77
You are currently reconciling a payroll run and are informed of a late starter who you would like included in the payments part of the main processing flow.
Which feature should you use to achieve this?

A. Flow Linkage
B. Connecting Flows
C. Flow Interaction
D. Calling a Flow

Answer: C

NEW QUESTION # 78
Your customer has the financial system in a third party system and you have to send the payroll costing entries to a third party system. Which two options should be used to extract the data from Cloud Payroll system?

A. You can use the OTBI - Payroll Run Results Real Time subject area to extract the costing results of a particular run, because payroll costing is part of payroll run.
B. You cannot extract the costing results from cloud payroll to send it to third party financials system.
C. You can use the OTBI - Payroll Run Costing Real Time subject area to extract the costing results of a particular run.
D. You can run the Payroll Costing Report to extract the costing results of a particular run.

Answer: C,D

NEW QUESTION # 79
How should you configure the predefined payslip report to meet your customer's payslip requirements?

A. Open the seeded Payslip report and edit the template.
B. Payslips cannot be configured and must be built from the beginning.
C. Modify the copy of the seeded payslip template and use it in a copy of the seeded payslip report.
D. Rename the seeded Payslip report and edit the content within the seeded template.

Answer: D

NEW QUESTION # 80
In order to load balance initialization data, you may load batch headers and batch lines into HCM Cloud using which two named methods? (Choose two.)

A. Using WebCenter Content to load the batch data by importing a text file and running the Load Batch from File process
B. Using the HCM Data Loader to create batch data
C. Using the Payroll Batch Loader spreadsheet to manually enter batch data
D. Using the Create New Balances for Employees task in Functional Setup Manager

Answer: B,C

NEW QUESTION # 81
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