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Oracle 1Z0-1050-23 Exam Syllabus Topics:

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

                                        Oracle Payroll Cloud 2023 Implementation Professional Sample Questions:

                                        1. Which option represents the costing hierarchy necessary to build a cost account when the element costing is defined with costing type as "Costed"?

                                        A) Payroll, Element Eligibility, Department, Job, Position, Person Person Element, Element Entry
                                        B) Payroll, Department, Job or Position, Element Eligibility, Person, Element Entry
                                        C) Element Eligibility, Payroll, Department, Job or Position, Person, Element Entry
                                        D) Payroll, Person Element Entry, Department, Job or Position, Person, Element Eligibility


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

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


                                        3. A customer's organization has three Business Units - BU1, BU2, and BU3. You have an Onsite Allowance element, which is at Assignment level, for which only the employees in BU2 and BU3 are eligible.
                                        How do you define the element eligibility for Onsite Allowance element so that the element entry is restricted only for BU2 and BU3?

                                        A) Define the element eligibility as an Open Eligibility and create an element entry only for employees with BU2 and BU3.
                                        B) You cannot meet the requirement as you cannot create element eligibility using business unit as the eligibility criteria.
                                        C) Onsite Allowance element should be defined as the Payroll Relationship level element so that the element eligibility can be defined using Business Unit as the criteria.
                                        D) Define multiple element eligibilities using BU2 and BU3 for Business Unit criteria.


                                        4. How should you change the order of the task displayed within the payroll flows checklist?

                                        A) Amend both the sequence of the tasks on the task definition page and the task
                                        B) Amend both the task sequence on the task sequencing page and the sequence within the edit task details page.
                                        C) Amend the sequence of the tasks within the task definition page.
                                        D) Amend the task sequence on the task sequencing page.


                                        5. Which is the correct cost hierarchy used to build each account segment?

                                        A) Element Entry, Person Element, Person Payroll, Job, Position, Department, Payroll, Element Eligibility.
                                        B) Element Entry, Person Element, Person Payroll, Position, Job, Department, Element Eligibility, Payroll.
                                        C) Element Entry, Person Payroll, Person Element, Position, Job, Department, Payroll, Element Eligibility.
                                        D) Element Entry, Person Payroll, Person Element, Position, Job, Payroll, Department, Element Eligibility, Payroll.


                                        Solutions:

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

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