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Oracle 1Z0-1050-23 Exam Syllabus Topics:

SectionObjectives
Payroll Processing- Payments
  • 1. Off-cycle payments
    • 2. Payment methods and distribution
      - Payroll run cycles
      • 1. Payroll reconciliation
        • 2. Calculate payroll
          Elements and Earnings/ Deductions- Balances and formulas
          • 1. Formula creation and validation
            • 2. Balance definitions
              - Element configuration
              • 1. Earnings elements setup
                • 2. Deduction elements setup
                  Reporting and Compliance- Payroll reports
                  • 1. Standard payroll reports
                    • 2. Audit and reconciliation reports
                      Costing and Accounting- Payroll costing setup
                      • 1. Costing results review
                        • 2. Cost allocation rules
                          Security and Integration- Security roles
                          • 1. Payroll security model
                            - Integration
                            • 1. HCM integration with Payroll
                              • 2. Third-party payroll integration
                                Payroll Fundamentals- Payroll setup overview
                                • 1. Legislative data groups
                                  • 2. Payroll definitions
                                    - Payroll concepts and lifecycle
                                    • 1. Payroll flows and processes
                                      • 2. Payroll relationship model

                                        Oracle Payroll Cloud 2023 Implementation Professional Sample Questions:

                                        Question 1

                                        A customer is implementing the two-tier employment model. At what level are payroll run results captured in cloud payroll?

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


                                        Question 2

                                        The customer requires that a team of payroll clerks be able to view the output of a task submitted by another user. Which Owner Type should be configured against the task?

                                        A. All
                                        B. Active Users
                                        C. User
                                        D. Group


                                        Question 3

                                        As a general rule when costing an element created with a primary classification of standard earnings, what element and input value do you cost?

                                        A. Result Element and input value of Pay Value
                                        B. Base Element and input value of Pay value
                                        C. Result Element and input value of Earnings Calculated
                                        D. Base Element and input value of Earning Calculated


                                        Question 4

                                        Which delivered report can be used to verify the details of all payments made to third-parties?

                                        A. Third-Party Invoice Listing
                                        B. Third-Party Payment Register
                                        C. Payroll Activity Report
                                        D. Payment Register Report


                                        Question 5

                                        You need to enter bank account details for the employees within your company. Which task should you use to do this?

                                        A. Manage Element Entries
                                        B. Manage Organization Payment Methods
                                        C. Manage Personal Payment Methods
                                        D. Manage Third-Party Person Payment Methods


                                        Solutions:

                                        Question 1
                                        Answer: B
                                        Question 2
                                        Answer: A
                                        Question 3
                                        Answer: A
                                        Question 4
                                        Answer: A
                                        Question 5
                                        Answer: B

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