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Oracle 1Z0-1050-23 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Payroll Processing and Flows	25%	- Payroll Flow Configuration 1. Designing and implementing payroll flows 2. Monitoring and troubleshooting flow execution - Payroll Cycle Management 1. Running payroll processes and validations 2. Managing retro-pay and adjustments
Topic 2: Global Payroll Configuration and Setup	30%	- Valuesets, Lookups, and Event Groups 1. Creating and managing valuesets 2. Setting up lookups and profile options - Payroll Elements and Calculation Definitions 1. Configuring calculation rules and formulas 2. Defining earnings, deductions, and balances - Functional Setup Manager usage 1. Implementing payroll setup tasks 2. Using Rapid Implementation workbook
Topic 3: Costing, Payment and Reporting	25%	- Reporting and Analytics 1. Using delivered payroll reports 2. Creating custom reports and extracts - Payment Processing 1. Managing bank files and transfers 2. Configuring payment methods and distributions - Payroll Costing Setup 1. Defining costing rules and distributions 2. Integrating with Financials Cloud
Topic 4: Security, Compliance and Integration	20%	- Statutory and Legislative Compliance 1. Applying legislative updates and rules 2. Meeting country-specific requirements - Integrations with HCM and Time & Labor 1. Setting up time entry and payroll integration 2. Managing workforce deployment data - Security Configuration 1. Managing data roles and access 2. Defining element security profiles

Oracle Payroll Cloud 2023 Implementation Professional Sample Questions:

Question 1

You have a requirement for not processing an element entry based on a specific condition that will be evaluated during payroll run. How should you achieve this?

A. You cannot meet this requirement because once an element entry is created, it will be processed all the time.
B. You write a skip rule with the condition so that the element is not processed when the condition is satisfied.
C. You write a validation formula with the condition so that the element is not processed when the condition is satisfied.
D. You write a calculation formula with the condition so that the element is not processed when the condition is satisfied.

Question 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.

Question 3

A customer is implementing the two-tier employment model. At what level are payroll run results captured in cloud payroll?

A. Payroll Relationship only
B. Assignment only
C. Work Relationship and Assignment
D. Payroll Relationship and Assignment

Question 4

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

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

Question 5

You have an earnings element with the latest entry date as "Last Standard Earning Date" without Proation enabled.
When an employee is terminated in the middle of a pay period, how would the element be processed?

A. The element does not get processed with because it gets end dated before the standard earning date and proratio is not enabled on this element.
B. The element gets processed with zero value and a warning message is displayed.
C. The element gets processed with full value.
D. The element gets processed with prorated value.

Solutions:

Question 1
Answer: B

Question 2
Answer: A,B

Question 3
Answer: D

Question 4
Answer: D

Question 5
Answer: D