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Oracle 1Z0-1050-24 Exam Syllabus Topics:

Topic
Details

Topic 1

Managing Employee Level Payroll Information: This section measures the expertise of HR Payroll Coordinators in managing employee-specific payroll data. It includes adding element entries, bank account details, and payroll frequency details for employees. Additionally, it covers managing absences, initializing payroll balances, and ensuring accurate costing for individuals.

Topic 2

Configuring Payroll and Balance Definitions: This section evaluates the expertise of Payroll Analysts in setting up and managing payroll definitions and balance definitions. It includes configuring payroll definitions, editing payment dates, and ensuring accurate balance calculations. These tasks are critical for maintaining payroll accuracy and compliance with organizational and legal requirements.

Topic 3

Maintaining Payroll Flows: This section is designed for Payroll Managers and focuses on maintaining and submitting payroll flows. It ensures that payroll processes are executed smoothly and efficiently, from data entry to final payroll submission. This section is critical for ensuring timely and accurate payroll processing.

Topic 4

Defining Earnings and Deductions: This section measures the skills of Compensation Analysts in creating and managing earnings and deduction elements. It covers the behavior of elements, creating element entry business rules, and configuring absence elements. Additionally, it includes adding eligibility rules for elements and creating rules for retroactive changes, ensuring accurate and timely payroll processing.

Topic 5

Calculating, Validating, and Correcting Payroll Processes: This section evaluates the skills of Payroll Auditors in calculating, verifying, and correcting payroll processes. It includes confirming the status of payroll flows, verifying costing results, and reconciling payroll data. These tasks are essential for ensuring payroll accuracy and compliance with organizational and legal standards.

Topic 6

Defining Payroll Costing Rules: This section evaluates the skills of Cost Accountants in setting up payroll costing rules. It includes configuring the Payroll Cost Flexfield, setting up various types of costing, and transferring data to subledger accounting for posting to the general ledger. These tasks ensure accurate financial reporting and cost allocation.

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Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q68-Q73):

NEW QUESTION # 68
A customer wants to distribute the costs of a benefits element, which is at payroll relationship level, to employee earnings. How should you define the costing rules to meet this requirement?

A. Create a distribution group with earnings elements and create the distributed costing on relationship level element.
B. You cannot distribute the costs of an element.
C. Create the costing of type "Costed" and because it is a relationship level element, it automatically distributes the costs over earnings elements.
D. Create the costing as Fixed Costed on payroll relationship level element, because the element is at relationship level. It automatically distributes costs for earnings elements, which are at assignment level.

Answer: A

Explanation:
Comprehensive and Detailed in Depth Explanation:
To distribute costs of a benefits element (at payroll relationship level) to employee earnings in Oracle Payroll Cloud, you must create a distribution group containing the target earnings elements and configure distributed costing on the relationship-level element. This ensures costs are allocated proportionally across specified earnings. Option A ("Fixed Costed") does not support distribution to earnings, Option B is incorrect as cost distribution is possible, and Option C ("Costed") lacks the specificity of a distribution group, which is required for this scenario. The process is detailed in the "Costing Setup" section of the Oracle documentation.

NEW QUESTION # 69
Which delivered report can be used to verify the details of all payments made to third-parties?

A. Payroll Activity Report
B. Payment Register Report
C. Third-Party Payment Register
D. Third-Party Invoice Listing

Answer: C

NEW QUESTION # 70
Which two statements regarding the relationship between legal entities, legal employers, and payroll statutory units (PSU) are correct? (Choose two.)

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

Answer: B,D

NEW QUESTION # 71
Your customer is using a third-party time product. You have created elements using the time category and now need to import time card hours into Cloud Payroll. How can you meet this requirement?

A. Use the Load Time Card process to import time entries into Cloud Time and Labour, and then use the batch loader task to import time element entries into Cloud Payroll.
B. Use the batch loader task to import time element entries into Cloud Payroll.
C. It is not possible to load time directly from a third-party time product into Cloud Payroll.
D. Use the Load Time Card process to import time entries into Cloud Payroll.

Answer: D

Explanation:
Comprehensive and Detailed in Depth Explanation:
Oracle Payroll Cloud supports importing time card hours from third-party time products directly into payroll using the "Load Time Card" process. This process maps time entries to payroll elements (created with the time category) and integrates them into the payroll calculation. Option B introduces an unnecessary step via Cloud Time and Labour, which is not required for direct payroll integration. Option C is incorrect, as this integration is supported, and Option D (batch loader) is less specific and not the primary method for time imports. The Oracle documentation details this under "Integrating with Third-Party Time Systems."

NEW QUESTION # 72
You want to give a user to access to run a specific shipped payroll process or report.
Which three actions should you perform?

A. Give the user the functional privilege to run the specific process or report through a job or abstract role.
B. Define a payroll flow security profile that includes the flow for the specific process or report, and then assign it to the data role attached to the user.
C. Regenerate the data role attached to the user.
D. Enable the process or report on the Mange Payroll Flow Pattern page.

Answer: B,C,D

NEW QUESTION # 73
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Rachel King Rachel King

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