Oracle Incentive Compensation Cloud 2021 Implementation Essentials : 1z0-1062-21

1z0-1062-21 real exams

Exam Code: 1z0-1062-21

Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials

Updated: Aug 04, 2026

Q & A: 76 Questions and Answers

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Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionWeightObjectives
Compensation Plans and Components25%- Rate Tables and Tiers
- Plan Design and Creation
- Earnings and Calculation Logic
- Performance Measures and Formulas
Core Setup and Configuration25%- Profile Options and Parameters
- Calendars, Periods, and Currencies
- Enterprise Structure and Reference Data
Overview of Incentive Compensation Cloud15%- Implementation Methodology
- Security and Access Control
- Key Concepts and Architecture
Participants, Payments, and Reporting15%- Paysheets and Payment Administration
- Maintenance and Troubleshooting
- Participant Setup and Hierarchies
- Analytics, Dashboards, and Reports
Classification and Crediting20%- Processing Transactions
- Crediting Hierarchies and Rules
- Transaction Classification Rules

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Identify the roles that are critical for implementation users to enable them to perform setup tasks In Fusion Setup Manager.

A) COMPENSATION PLAN ADMINISTRATOR
B) BI_ADMINISTRATOR
C) APPLICATION IMPLEMENTATION CONSUI TANT
D) INCENTIVE COMPENSATION INTEGRATION SPECIAUSI
E) INCENTIVE COMPENSATION APPLICATION ADMINISTRATOR


2. A performance measure is set up to determine the commission rate by using total sales attainment percentage tota quarter, which is measured as total sales by participant for the quarter divided by target for the quarter.
How should youset up this performance measure?

A) Set Process Transaction =Grouped by Interval and Interval - Quarter, have the input expression 'sum (Credit.transactlonamount/Measure.Target)' and enter targets in the plan component associated with the performance measure.
B) Set Process Transaction= Individually and Interval - Quarter, select Running Total, select Accumulate for input expression 'credit transaction amount', and enter targets in the plan component associated with theperformance measure.
C) Set Process Transaction = Individually and Interval = Quarter, select Running Total, select Accumulate for input expression 'transaction amount', and enter targets directly in the performance measure.
D) Set Process Transaction = Grouped by Interval and Interval = Quarter, have the input expression 'sum (Oedit.transactionamount/Measure.Target)' and enter targets directly in the performance measure.


3. Which two statements are true about disputes?

A) Disputes are assigned to the analyst who is associated with the participant creating the dispute.
B) Disputes are assigned to the analyst who is associated with the participant creating the dispute, and assigned to the compensation manager who the analyst reports to in the payment analyst hierarchy.
C) Compensation Managers can reassign disputes todifferent analysts.
D) Participants can view the disputes they have created in their worklist


4. Which statement is true regarding role inheritance?

A) Jobandabstract roles are inherited by duty roles.
B) Abstract roles are inherited by Job roles
C) Duty roles are inherited by job roles.
D) Roles are not inherited; they are assigned at their lowest level.


5. Of what type of role is Incentive Compensation Analyst an example?

A) Duty
B) Work Area
C) Abstract
D) Job


Solutions:

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

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