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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 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 3	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 4	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 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.
Topic 6	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 7	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.

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Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q62-Q67):

NEW QUESTION # 62
Which two statements regarding the relationship between legal entities, legal employers, and payroll statutory units (PSU) are correct? (Choose two.)

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

Answer: A,B

NEW QUESTION # 63
A worker's payroll frequency changes from weekly to monthly. What action should you take?

A. Transfer the worker from the weekly payroll to the monthly payroll.
B. Update the weekly payroll definition and change the calendar to a weekly frequency.
C. Terminate the worker's assignment record associated to the weekly payroll. Create a new assignment record and associate it to the monthly payroll.
D. End the weekly payroll record to the worker and add a new monthly payroll record.

Answer: A

Explanation:
In Oracle Payroll Cloud, when a worker's payroll frequency changes (e.g., from weekly to monthly), the simplest and recommended action is to transfer the worker from the weekly payroll to the monthly payroll (Option B). This is done via the "Manage Payroll Relationships" task, where you update the payroll assignment to point to the new payroll definition, effective from the desired date. Option A (terminate and create a new assignment) is overly complex and disrupts continuity of employment records. Option C (update payroll definition) is incorrect, as it alters the payroll for all workers, not just one. Option D (end and add payroll record) is not a precise description of the process, as payroll records are not ended individually; the transfer handles this seamlessly. Oracle documentation outlines payroll transfers for frequency changes.

NEW QUESTION # 64
Your customer's bonus payments are based on a percentage of salary. Therefore, salary must be calculated before bonus in the payroll run. How do you determine the element processing sequence within a payroll run?

A. Set the priority of the element on the element definition page.
B. Set the effective process priority within the element entries page.
C. Use the default priority of the primary classification of the element.
D. Alter the sequence of the elements on the element entries page.

Answer: A

NEW QUESTION # 65
When submitting a payroll flow, who is the owner of a task if no one has been indicated within the payroll flow definition?

A. Any user with the Payroll Manager role
B. Any user with either the Payroll Administrator or Payroll Manager Role
C. The user that submitted the payroll flow
D. Any user with the Payroll Administrator role

Answer: C

NEW QUESTION # 66
The element template has created a "Results" element for a voluntary deduction element along with the base element. Which element is referenced here?

A. Calculator element
B. Results element
C. Distributor element
D. Base element

Answer: B

Explanation:
Comprehensive and Detailed in Depth Explanation:
In Oracle Payroll Cloud, when an element template is used to create a voluntary deduction element, it generates multiple related elements, including a "Base" element and a "Results" element. The "Results" element specifically stores the outcome of the payroll calculation for that deduction (e.g., the amount deducted). The question highlights that a "Results" element is created alongside the base element, making "Results element" (D) the correct reference. The "Distributor element" (A) and "Calculator element" (C) are not standard outputs of a voluntary deduction template, while "Base element" (B) is a separate component. This is explained in the Oracle documentation under "Element Templates and Results."

NEW QUESTION # 67
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1Z0-1050-24 VALID LEARNING MATERIALS & 1Z0-1050-24 TRUSTWORTHY DUMPS

1Z0-1050-24 Valid Learning Materials & 1Z0-1050-24 Trustworthy Dumps