- Exam Code: 1Z0-1049-26
- Exam Name: Oracle Compensation Cloud 2026 Implementation Professional
- Updated: Aug 20, 2026
- Q & A: 180 Questions and Answers
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| Section | Objectives |
|---|---|
| Topic 1: Compensation Cycle Management | - Merit, bonus, and stock allocation processes - Worksheet configuration and approvals |
| Topic 2: Workforce Compensation Plan Design | - Compensation plans setup and eligibility rules - Budgeting and allocation models |
| Topic 3: Compensation Cloud Overview and Configuration | - Security roles and access setup - Application architecture and key components |
| Topic 4: Reporting, Analytics, and Modeling | - Compensation reporting tools - What-if modeling and simulation |
| Topic 5: Integration and Data Management | - Data loading and import processes - Integration with Oracle HCM Cloud |
1. You want to use the Workforce Compensation Budget pool for a workforce compensation plan. Select the tasks to be performed, in the correct sequence. (Choose the best answer.)
A) Create the workforce compensation plan, Configure the workforce compensation plan details, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
B) Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.
C) Create the workforce compensation plan, Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process
D) Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details.
E) Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details, Run the Start Compensation Cycle process.
2. As an implementation consultant, you are required to create an element that is applicable only to a set of employees who are in the Production department and who are on weekly payrolls.
What is the correct configuration to meet this requirement? (Choose the best answer.)
A) Create an element without defining Element Eligibility.
B) Create Element Eligibility with the department and specific payroll parameters.
C) Create Element Eligibility with the Grade and Position parameters.
D) Create Element Eligibility with the Legal Employer and Payroll Statutory Unit parameters.
3. Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client? (Choose the best answer.)
A) Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
B) Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.
C) Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
D) This is possible only in the on-premises model using customization and is not possible in an Saas instance. Therefore, you would respond accordingly to the client.
4. As compensation administrator, you are required to show "Actual amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created? (Choose the best answer.)
A) Compensation Source
B) Compensation Category
C) Compensation Item
D) Compensation Statement Definition
5. During the Compensation Review cycle for the year 2014-15, the manager processes his direct reports compensation changes per the model created by him. After making the changes in the worksheet, the manager submits the proposed changes to the next level manager in the hierarchy for approval. What will the Manager status appear as in the workforce compensation area? (Choose the best answer.)
A) Work in Progress
B) Fully Approved
C) Submitted
D) In Approvals
E) Processed
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: C |
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