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Oracle 1Z0-1050-23 Exam Syllabus Topics:

SectionObjectives
Elements and Earnings/ Deductions- Balances and formulas
  • 1. Balance definitions
    • 2. Formula creation and validation
      - Element configuration
      • 1. Earnings elements setup
        • 2. Deduction elements setup
          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
                  Costing and Accounting- Payroll costing setup
                  • 1. Costing results review
                    • 2. Cost allocation rules
                      Security and Integration- Security roles
                      • 1. Payroll security model
                        - Integration
                        • 1. HCM integration with Payroll
                          • 2. Third-party payroll integration
                            Reporting and Compliance- Payroll reports
                            • 1. Audit and reconciliation reports
                              • 2. Standard payroll reports
                                Payroll Processing- Payments
                                • 1. Payment methods and distribution
                                  • 2. Off-cycle payments
                                    - Payroll run cycles
                                    • 1. Calculate payroll
                                      • 2. Payroll reconciliation

                                        Oracle Payroll Cloud 2023 Implementation Professional Sample Questions:

                                        Which two statements regarding the relationship between legal entities, legal employers, and payroll statutory units (PSU) are correct?

                                        • A. A legal entity cannot be both a legal employee and a PSU.
                                        • B. Legal employers are legal entities responsible for paying workers.
                                        • C. A legal employer can be associated with multiple PSUs.
                                        • D. PSUs are legal entities responsible for payroll tax and social insurance reporting.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B,C  🗳️

                                        When defining your customer's monthly payroll, they ask you to set the cut-off date for their monthly payroll to five days before the period end date.
                                        What is the impact of the cut-off date on payroll processing?

                                        • A. The cut-off date is for informational purposes only.
                                        • B. The application restricts Payroll users from entering data after the payroll cut-off date.
                                        • C. The application restricts HR users from entering data after the payroll cut-off date.
                                        • D. The cut-off date triggers the automatic submission of the payroll calculation
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A  🗳️

                                        Where do you define a custom schedule to be used during payroll flow submission?

                                        • A. Within Manage Fast Formula, create a formula that defines the required schedule.
                                        • B. Within Manage Run Types, create a schedule of the category "Normal".
                                        • C. Within Manage Flow Patterns, create a custom schedule and associate it with the flow pattern.
                                        • D. Within Manage Time Definitions, create a schedule using the type "Time Span".
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B  🗳️

                                        When a customer runs a payroll, it creates payroll run actions for all workers included in the process.
                                        On which employment record are the process actions created?

                                        • A. Assignment, Payroll Relationship
                                        • B. Assignment, Work Relationship
                                        • C. Assignment only
                                        • D. Payroll Relationship only
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B  🗳️

                                        You are creating a custom balance that needs to include run results of all elements associated with the regular earnings and supplemental earnings classifications.
                                        How should you define the balance feeds to meet this requirement?

                                        • A. Create a balance feed for the regular earnings classification and a balance feed for the supplemental earnings classification.
                                        • B. This requirement cannot be met because a balance cannot be fed by elements from more than one element classification.
                                        • C. Create balance feeds for each element belonging to regular earnings and supplemental earnings classifications.
                                        • D. Create balance feeds for each element belonging to regular earnings and supplemental earnings classifications but ensure the number of feeds does not exceed 250.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A  🗳️

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