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Oracle 1Z0-1050-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Security and Integration- Integration
  • 1. HCM integration with Payroll
    • 2. Third-party payroll integration
      - Security roles
      • 1. Payroll security model
        Topic 2: Payroll Fundamentals- Payroll concepts and lifecycle
        • 1. Payroll flows and processes
          • 2. Payroll relationship model
            - Payroll setup overview
            • 1. Legislative data groups
              • 2. Payroll definitions
                Topic 3: Payroll Processing- Payments
                • 1. Payment methods and distribution
                  • 2. Off-cycle payments
                    - Payroll run cycles
                    • 1. Payroll reconciliation
                      • 2. Calculate payroll
                        Topic 4: Costing and Accounting- Payroll costing setup
                        • 1. Costing results review
                          • 2. Cost allocation rules
                            Topic 5: Elements and Earnings/ Deductions- Balances and formulas
                            • 1. Balance definitions
                              • 2. Formula creation and validation
                                - Element configuration
                                • 1. Deduction elements setup
                                  • 2. Earnings elements setup
                                    Topic 6: Reporting and Compliance- Payroll reports
                                    • 1. Standard payroll reports
                                      • 2. Audit and reconciliation reports

                                        Oracle Payroll Cloud 2023 Implementation Professional Sample Questions:

                                        1. A court has issued an order for deductions to be taken from a worker's salary and paid to an ex-spouse. The court order includes instructions for the company to make payments directly to the ex-spouse and has included their bank details.
                                        How should you enter these details into the application?

                                        A) Enter the bank details on the manage third-party person payment methods page.
                                        B) Enter the bank details on personal payment methods page.
                                        C) This requirement cannot be met in cloud payroll; all such payments should be sent to the court.
                                        D) Enter the bank details on a third-party organization page.


                                        2. A worker's payroll frequency changes from weekly to monthly. What action should you take?

                                        A) Terminate the worker's assignment record associated to the weekly payroll. Create a new assignment record and associate it to the monthly payroll.
                                        B) End the weekly payroll record to the worker and add a new monthly payroll record.
                                        C) Update the weekly payroll definition and change the calendar to a weekly frequency.
                                        D) Transfer the worker from the weekly payroll to the monthly payroll.


                                        3. You are creating a car allowance element. The rules for this allowance need to reference the salary balance.
                                        How can you meet this requirement?

                                        A) Reference the database item and appropriate dimension for the salary balance in the allowance element formula.
                                        B) Create a balance feed to feed the salary balance to the car allowance element.
                                        C) Enter the salary balance value as an input value on the car allowance element.
                                        D) Associate the salary balance to a calculation card and reference the calculation card in the allowance element formula.


                                        4. Your company wants to pay its employees from company bank account A and their third parties from company bank account B. What is the recommended approach for this?

                                        A) Create one organization payment method with two payment sources and configure the usage for each payment source within the payment method rules table.
                                        B) Create two personal payment methods for each of your employees: one for their salary payments and one for their third-party payments.
                                        C) Ensure you run the prepayments process separately for your employees and your third parties.
                                        D) Write a formula to select the correct bank account for employees and third parties.


                                        5. The element template has created a "Results" element for a voluntary deduction element along with the base element. What is needed to be created for each employee that is eligible for deduction?

                                        A) Results element
                                        B) Distributor element
                                        C) Base element
                                        D) Calculator element


                                        Solutions:

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

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