VCEPrep 1Z0-1050-24 Oracle Payroll Cloud 2024 Implementation Professional Exam Questions are Available in Three Different Formats

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Oracle 1Z0-1050-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 3	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 4	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 5	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 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	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.

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Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q37-Q42):

NEW QUESTION # 37
Your customer is using HCM Cloud Absence Management and wants to transfer absence information to Cloud Global Payroll so that it can be processed.
Aside from creating your absence plan, which two steps do you need to complete in Cloud Global Payroll? (Choose two.)

A. Manually enter the absence units in the employees' element entry
B. Create your absence elements
C. Create an Absence Calculation Card to store the absence details
D. Create element eligibility for each absence element

Answer: B,D

NEW QUESTION # 38
A customer is implementing the two-tier employment model. At what level are payroll run results captured in cloud payroll?
Response:

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

Answer: D

NEW QUESTION # 39
There are several flows showing on the payroll dashboard that are incomplete. What action should be taken to complete the flow and remove it from showing on the dashboard?

A. From the Payroll Calculation Work Area, highlight the flow and select the rollback all tasks action.
B. From the Payroll Calculation Work Area, highlight the flow and select the complete flow action.
C. From the Payroll Calculation Work Area, highlight the flow and select the delete flow action.
D. From the Payroll Calculation Work Area, highlight the flow and select the skip all tasks action.

Answer: A

NEW QUESTION # 40
You are currently reconciling a payroll run and are informed of a late starter who you would like included in the payments part of the main processing flow. Which feature should you use to achieve this?

A. Connecting Flows
B. Flow Linkage
C. Calling a Flow
D. Flow Interaction

Answer: D

Explanation:
Comprehensive and Detailed in Depth Explanation:
To include a late starter in an ongoing payroll run's payment processing, the "Flow Interaction" feature in Oracle Payroll Cloud allows you to dynamically adjust the payroll flow. This feature enables interaction with an existing flow to add or update tasks (e.g., including the late starter) without disrupting the main process. "Connecting Flows" (B) and "Calling a Flow" (C) are used to link separate flows, not modify an active one, while "Flow Linkage" (D) is not a standard term in this context. The documentation explains Flow Interaction under "Advanced Payroll Flow Management."

NEW QUESTION # 41
A court has issued an order for deductions to be taken from a worker's salary and paid to an ex-spouse. The court order includes instructions for the company to make payments directly to the ex-spouse and has included their bank details.
How should you enter these details into the application?

A. Enter the bank details on personal payment methods page.
B. Enter the bank details on the manage third-party person payment methods page.
C. This requirement cannot be met in cloud payroll; all such payments should be sent to the court.
D. Enter the bank details on a third-party organization page.

Answer: B

NEW QUESTION # 42
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