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Oracle 1Z0-1050-24 Exam | 1Z0-1050-24 Exam Brain Dumps - Easy to Pass 1Z0-1050-24: Oracle Payroll Cloud 2024 Implementation Professional Exam

The Oracle Payroll Cloud 2024 Implementation Professional (1Z0-1050-24) exam preparation material is available in three different formats for the customers. The formats are PDF format, web-based software, and Oracle 1Z0-1050-24 desktop practice exam software. The portable PDF format means customers can access real Oracle Payroll Cloud 2024 Implementation Professional (1Z0-1050-24) exam questions on their smartphones, tablets, and laptops. The PDF format can be printed and customers can also make proper 1Z0-1050-24 exam notes.

Oracle 1Z0-1050-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 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	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.

Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q24-Q29):

NEW QUESTION # 24
How should you configure the predefined payslip report to meet your customer's payslip requirements?

A. Modify the copy of the seeded payslip template and use it in a copy of the seeded payslip report.
B. Open the seeded Payslip report and edit the template.
C. Rename the seeded Payslip report and edit the content within the seeded template.
D. Payslips cannot be configured and must be built from the beginning.

Answer: C

NEW QUESTION # 25
You want to define your own rules for converting a rate value from one periodicity to another, such as from weekly to annual. How can you achieve this?

A. Create an additional input value, calculate the converted value outside the system, and enter it while creating an element entry.
B. Define your own Periodicity Conversion Rule and select it while creating the element.
C. You cannot define your own rules for converting from one periodicity to another.
D. Define an indirect element, write a fast formula to convert the processed value and create the result for an indirect element.

Answer: B

Explanation:
In Oracle Payroll Cloud, to customize rate conversions (e.g., weekly to annual), you can define a Periodicity Conversion Rule and select it during element creation (Option D). This feature allows you to specify custom conversion factors (e.g., multiplying a weekly rate by 52 for an annual rate) and apply them to the element's rate calculations. Option A (manual calculation) is inefficient and error-prone. Option B (indirect element with formula) is a workaround but not the intended method for periodicity conversion. Option C is incorrect, as Oracle explicitly supports custom conversion rules. Documentation confirms this functionality within element setup.

NEW QUESTION # 26
Your customer is using HCM cloud Absences. Where is the absence information passed from absences to payroll held in the application?

A. User-defined tables.
B. Absence information is not passed from cloud absences to cloud payroll.
C. Value definitions
D. Input values

Answer: D

NEW QUESTION # 27
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 full value.
C. The element gets processed with prorated value.
D. The element gets processed with zero value and a warning message is displayed.

Answer: C

NEW QUESTION # 28
You have completed the setup of third parties and third-party payment methods for your company. However, you receive a notification that one of the third-party persons to whom an employee is making payment has changed his or her bank details. What action should you take to rectify this?

A. Create a new third party and attach the new bank account details.
B. Change the bank details on the involuntary deduction card.
C. Search for the employee using the "Manage Third-Party Person Payment Methods" task and correct the bank details associated with the third-party person.
D. Correct the bank account details associated with the employee's personal payment method.

Answer: C

Explanation:
In Oracle Payroll Cloud, third-party payments (e.g., garnishments or external payees) are managed separately from an employee's personal payment methods. When a third-party person's bank details change, the correction must be made using the "Manage Third-Party Person Payment Methods" task. This task allows you to search for the employee, locate the specific third-party person linked to their payroll, and update the bank details directly (Option B). Option A (involuntary deduction card) is incorrect because bank details for third parties are not maintained there; it's for deduction setup, not payment details. Option C (employee's personal payment method) is irrelevant, as this pertains to the employee's own payments, not third-party ones. Option D (creating a new third party) is unnecessary and inefficient, as the existing third-party record can simply be updated. This approach is outlined in Oracle's payroll payment management documentation.

NEW QUESTION # 29
......

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Best Way to Prepare For Oracle 1Z0-1050-24 Certification Exam

Oracle 1Z0-1050-24 Exam | 1Z0-1050-24 Exam Brain Dumps - Easy to Pass 1Z0-1050-24: Oracle Payroll Cloud 2024 Implementation Professional Exam

Oracle 1Z0-1050-24 Exam Syllabus Topics:

Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q24-Q29):

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