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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:

                                        Question #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.
                                        Answer: B
                                        Question #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.
                                        Answer: D
                                        Question #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.
                                        Answer: B
                                        Question #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.
                                        Answer: A
                                        Question #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
                                        Answer: B
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