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1Z0-1050-24 Dumps Download | Online 1Z0-1050-24 Test

Test4Cram is one of the trusted and reliable platforms that is committed to offering quick 1Z0-1050-24 exam preparation. To achieve this objective Test4Cram is offering valid, updated, and Real 1Z0-1050-24 Exam Questions. These Test4Cram Oracle Payroll Cloud 2024 Implementation Professional (1Z0-1050-24) exam dumps will provide you with everything that you need to prepare and pass the final 1Z0-1050-24 exam with flying colors.

Oracle 1Z0-1050-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 2

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 3

Describing Payroll Concepts: This section of the exam measures the skills of Payroll Specialists and covers foundational payroll concepts, including human resources and payroll person models. It also explains legislative data groups and payroll statutory units, which are essential for managing compliance and organizational structures. Additionally, this section includes creating payroll users and roles to ensure proper access and security within the payroll system.

Topic 4

Configuring Payroll Payment Details: This section is designed for Payroll Administrators and focuses on setting up payment details for employees and third parties. It includes adding company payment details, configuring payslip reports, and ensuring accurate payment processing. These tasks are essential for delivering accurate and timely payments to employees and external entities.

Topic 5

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.

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Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q40-Q45):

NEW QUESTION # 40
Your customer pays their workers on a semi-monthly payroll frequency. To save costs, the customer is changing their company policy and, effective from 1st January, all workers will be paid on a monthly payroll frequency. What action should you take to implement this change?

A. Navigate to the semi-monthly payroll and update the Start and End Dates on the payroll time periods to reflect the new monthly payroll period dates.
B. Create a new monthly payroll definition and transfer the workers from the semi-monthly payroll to the monthly payroll.
C. Create a new monthly payroll definition, end-date the workers' employment records associated with the semi-monthly payroll, create new employment records for the workers, and associate these to the monthly payroll.
D. Navigate to the semi-monthly payroll and update the Date Paid field on the payroll time periods to reflect the new monthly payment dates.

Answer: B

Explanation:
Comprehensive and Detailed in Depth Explanation:
To transition workers from a semi-monthly to a monthly payroll frequency in Oracle Payroll Cloud, the recommended approach is to create a new monthly payroll definition and transfer the workers to it. This maintains historical data integrity and aligns with payroll configuration best practices. Options A and B involve modifying the existing semi-monthly payroll, which is not feasible as it changes the payroll frequency fundamentally and could disrupt past records. Option C, involving end-dating and creating new employment records, is overly complex and unnecessary, as payroll assignments can be updated directly. The "Transfer Payroll" process, detailed in Oracle documentation, supports moving workers between payrolls efficiently.

NEW QUESTION # 41
Which two delivered reports can be used to view the results of a payroll run immediately after running the Calculate Payroll process? (Choose two.)

A. Payroll Balance Report
B. Payroll Activity Report
C. Payroll Register Report
D. Payment Register Report

Answer: A,B

NEW QUESTION # 42
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 Flow Patterns, create a custom schedule and associate it with the flow pattern.
C. Within Manage Time Definitions, create a schedule using the type "Time Span".
D. Within Manage Run Types, create a schedule of the category "Normal".

Answer: A

NEW QUESTION # 43
A customer's organization has a grade structure with four grades - C1, C2, C3, and C4. You have a car allowance element, which is at Assignment level, for which only the employees with grade C3 and C4 are eligible. You should not be able to create an element entry for employees with grades C1 and C2. How do you define the element eligibility for Car Allowance element?

A. Define the element eligibility as an Open Eligibility and create an element entry only for employees with grades C3 and C4.
B. You cannot meet the requirement as you cannot create element eligibility using grade as the eligibility criteria.
C. Define multiple element eligibilities using grade C1, C2, C3, and C4, but create an element entry only for employees with grades C3 and C4.
D. Define multiple element eligibilities using grade C3 and C4.

Answer: D

Explanation:
In Oracle Payroll Cloud, element eligibility can be defined using criteria such as grade to restrict who can receive an element. For the car allowance element at the Assignment level, where only grades C3 and C4 are eligible, you should define multiple element eligibilities specifically for grades C3 and C4 (Option B). This setup ensures that the system only allows element entries for employees in these grades, preventing entries for C1 and C2 at the assignment level. Option A is incorrect, as grade is a valid eligibility criterion. Option C (defining eligibility for all grades) defeats the purpose of restricting C1 and C2. Option D (Open Eligibility) allows entries for all grades unless manually controlled, which does not meet the requirement. Oracle's element eligibility framework supports this grade-based restriction.

NEW QUESTION # 44
You have a tax deduction element that credits the same account for all employees irrespective of their home department.
How do you define the costing rules to meet this requirement?

A. You create the costing with distributed option.
B. You create the costing with "Costed" option on tax element.
C. You create Fixed Costing on tax deduction element.
D. You cannot meet this requirement because the costs are automatically apportioned to the respective departments.

Answer: C

NEW QUESTION # 45
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