1z0-1050-20 by Oracle Valid Free Exam Practice Test

Question 1

What three options should be considered while defining a costing key flexfield structure? (Choose three.)

A. GL Accounting key flexfield structure B. Cost hierarchy levels enabled to populate each cost account segment C. Value sets for the segments D. segments required for the offset account

Correct Answer: B,C,D

Question 2

You are implementing retropay. You have created a retroactive event group to tract the changes that need to be considered by the retropay process.
To which feature should the retroactive event group be associated?

A. Payroll definition B. Element C. Work relationship records D. Payroll relationship records

Correct Answer: B

Question 3

Your customer's bonus payments are based on a percentage of salary. Therefore, salary must be calculated before bonus in the payroll run. How do you determine the element processing sequence within a payroll run?

A. Use the default priority of the primary classification of the element. B. Set the effective process priority within the element entries page. C. Alter the sequence of the elements on the element entries page. D. Set the priority of the element on the element definition page.

Correct Answer: D

Question 4

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

Correct Answer: C

Question 5

When submitting a payroll flow, who is the owner of a task if no one has been indicated within the payroll flow definition?

A. The user that submitted the payroll flow B. Any user with the Payroll Manager role C. Any user with the Payroll Administrator role D. Any user with either the Payroll Administrator or Payroll Manager Role

Correct Answer: A

Question 6

A worker moves to a different legal employer within the same country. The HR uses performs a global transfer to meet this requirement.
What is the impact of the transfer on the worker's payroll relationship record?

A. There is no impact. B. It depends on the customer's payroll statutory unit and tax reporting structure. C. The payroll relationship will be ended and a new relationship is created. D. It depends on the customer's payroll statutory unit and legal employer structure.

Correct Answer: D

Question 7

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

Correct Answer: A,D

Question 8

If you encounter errors after transferring the batch using the Load Initial Balances process, what must you do?

A. Correct the errors, delete the batch, create a new batch, validate and transfer the batch again. B. Perform a rollback, correct the errors, create a new batch, validate and transfer the batch again. C. Correct the errors, create a new batch, validate ant transfer the batch again. D. Undo the batch, correct the errors, validate and transfer the batch again.

Correct Answer: D

Question 9

Your customer's requirement is to pay employees within each of their three business units from a different bank account. Which three setup steps should you complete? (Choose three.)

A. Create three organization payment methods each with a different payment source. B. Create one organization payment method with three payments sources and define three payment method rules based on each business unit. C. Create a Default Payer Element with a Payment Criteria input value. D. Write a formula to retrieve the employees business unit details.

Correct Answer: A,B,C

Oracle Payroll Cloud 2020 Implementation Essentials - 1z0-1050-20 Exam Practice Test