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Pass Guaranteed 2025 Oracle 1Z0-1050-24: Oracle Payroll Cloud 2024 Implementation Professional Marvelous Vce Files

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Oracle 1Z0-1050-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 2

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.

Topic 3

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 4

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 5

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 6

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 7

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.

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Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q14-Q19):

NEW QUESTION # 14
You are creating a car allowance element. The rules for this allowance need to reference the salary balance.
How can you meet this requirement?

A. Reference the database item and appropriate dimension for the salary balance in the allowance element formula.
B. Create a balance feed to feed the salary balance to the car allowance element.
C. Enter the salary balance value as an input value on the car allowance element.
D. Associate the salary balance to a calculation card and reference the calculation card in the allowance element formula.

Answer: A

NEW QUESTION # 15
You have run payroll process and need to validate and audit the run results before moving on to processing the payment. Which report helps you in diagnosing the results?

A. Payroll Activity Report
B. Balance Exception Report
C. Payroll Data Validation Report
D. Payroll Balance Report

Answer: A

NEW QUESTION # 16
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 WebCenter Content to load the batch data by importing a text file and running the Load Batch from File process
B. Using the Create New Balances for Employees task in Functional Setup Manager
C. Using the Payroll Batch Loader spreadsheet to manually enter batch data
D. Using the HCM Data Loader to create batch data

Answer: C,D

Explanation:
Oracle Payroll Cloud supports multiple methods to load balance initialization data, such as batch headers and lines, into HCM Cloud. The HCM Data Loader (HDL) is a powerful tool designed to load large volumes of data, including payroll balances, by creating batch data in a structured format. This method is widely used for automation and bulk uploads (Option A). Similarly, the Payroll Batch Loader spreadsheet allows users to manually enter batch data, such as balance initialization details, in an Excel-based interface, which is then uploaded to the system (Option B). These two methods are explicitly supported and recommended in Oracle documentation for initializing payroll balances. Option C (WebCenter Content) is not a standard method for loading payroll batch data; it is more aligned with content management rather than payroll-specific data loading. Option D (Create New Balances for Employees task) is a functional setup task but not a direct method for loading batch headers and lines.

NEW QUESTION # 17
Which status should you select for your flow pattern so it is available under "Submit a Payroll Flow"?

A. Active. Flow Pattern Submission
B. Active. Process of Report
C. Active. Process. Report, or Payroll Flow
D. Active. Payroll Flow

Answer: C

NEW QUESTION # 18
You are creating a custom balance that needs to include run results of all elements associated with the regular earnings and supplemental earnings classifications.
How should you define the balance feeds to meet this requirement?

A. This requirement cannot be met because a balance cannot be fed by elements from more than one element classification.
B. Create a balance feed for the regular earnings classification and a balance feed for the supplemental earnings classification.
C. Create balance feeds for each element belonging to regular earnings and supplemental earnings classifications.
D. Create balance feeds for each element belonging to regular earnings and supplemental earnings classifications but ensure the number of feeds does not exceed 250.

Answer: B

NEW QUESTION # 19
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