Hello world! - ASHADIP COMPUTERS

Liam Stewart Liam Stewart

0 Course Enrolled • 0 Course Completed

Biography

Detail 1Z0-1050-24 Explanation | High-quality 1Z0-1050-24 Certification Book Torrent: Oracle Payroll Cloud 2024 Implementation Professional 100% Pass

TopExamCollection also provides three months of free updates, if for instance, the content of Oracle Payroll Cloud 2024 Implementation Professional (1Z0-1050-24) exam questions changes after you purchase the 1Z0-1050-24 Practice Exam. So just jump straight toward TopExamCollection for your preparation for the Oracle 1Z0-1050-24 certification exam.

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

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 3

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 4

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 5

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 6

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 7

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.

>> Detail 1Z0-1050-24 Explanation <<

1Z0-1050-24 Certification Book Torrent - 1Z0-1050-24 Certified

The Oracle 1Z0-1050-24 certification exam is one of the hottest and career-oriented certifications in the market. This Oracle Payroll Cloud 2024 Implementation Professional (1Z0-1050-24) certification exam has been inspiring beginners and experienced professionals since its beginning. Over this long time period, countless Oracle Payroll Cloud 2024 Implementation Professional (1Z0-1050-24) exam candidates have passed their Oracle Payroll Cloud 2024 Implementation Professional (1Z0-1050-24) certification exam, and now they are offering their services to the top world brands.

Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q50-Q55):

NEW QUESTION # 50
If you create an overtime element with a category of "Timecard", on which input will the overtime hours be held?

A. An element with "Timecard" category does not create any input values.
B. Overtime hours will be captured in the "Hours Calculated" input value.
C. Overtime hours will be captured in the "Hours Worked" input value.
D. Overtime hours will be captured in the "Hours" input value.

Answer: D

Explanation:
In Oracle Payroll Cloud, when an element is created with the "Timecard" category, it is designed to capture time-related data, such as overtime hours, directly from timecard entries. The default input value generated for such elements is named "Hours", which holds the number of hours entered or processed (e.g., overtime hours). This is a standard configuration for timecard-related elements, as outlined in Oracle documentation. Option A ("Hours Worked") and Option B ("Hours Calculated") are not standard input values automatically created for a "Timecard" category element; these might be custom input values if explicitly defined. Option C is incorrect because a "Timecard" category element does create input values, with "Hours" being the primary one for capturing time data.

NEW QUESTION # 51
Which costing levels can you enter for an offset account?

A. Element Eligibility
B. Position
C. Department
D. Job

Answer: A

Explanation:
In Oracle Payroll Cloud, an offset account is used to balance costing entries (e.g., credits against debits). The costing levels available for defining an offset account are limited compared to regular cost accounts. The correct level is Element Eligibility (Option D), as offset accounts are tied to the eligibility rules of an element to ensure accurate balancing at that level. Options A (Department), B (Position), and C (Job) are valid for regular cost accounts but not specifically for offset accounts, which require a broader scope tied to the element's eligibility rather than organizational or job-specific levels. Oracle's costing hierarchy documentation specifies this distinction for offset accounts.

NEW QUESTION # 52
You defined the department costing information after the Calculate Payroll process is run that creates the costing results also. You noticed that the department costing information is not created for the employees who are in that department. What should you do to ensure the department costing information is reflected for those employees without rolling back and rerunning the Calculate Payroll?

A. You cannot rectify the costing results after they are created.
B. You do the adjustments in General Ledger because you cannot do changes in the costing results.
C. You run the Calculate Retroactive Costing process to recalculate costs for retroactive changes to costing setups.
D. You roll back only the costing process and rerun it.

Answer: C

Explanation:
In Oracle Payroll Cloud, if costing setups (e.g., department costing information) are updated after a payroll run, the original costing results won't reflect the new setup. To apply these retroactive changes without rolling back the entire Calculate Payroll process, you should run the Calculate Retroactive Costing process (Option B). This process recalculates costing based on the updated setups and adjusts the results for affected employees, ensuring the department costing is reflected. Option A (rolling back costing only) is not a standalone option; rollback typically applies to the full payroll process. Option C (General Ledger adjustments) is a manual workaround, not the recommended system approach. Option D is incorrect, as retroactive costing is designed for this purpose. Oracle documentation highlights this process for retroactive cost updates.

NEW QUESTION # 53
You have run the payroll process and need to validate and audit the run results before moving on to processing the payment. Which report helps you in diagnosing the results?

A. Payroll Balance Report
B. Payroll Activity Report
C. Payroll Data Validation Report
D. Balance Exception Report

Answer: B

Explanation:
Comprehensive and Detailed in Depth Explanation:
The "Payroll Activity Report" is the primary tool in Oracle Payroll Cloud for validating and auditing payroll run results. This report provides a detailed breakdown of the payroll process, including earnings, deductions, taxes, and any errors or warnings encountered during the run. It is designed to help payroll administrators diagnose issues before finalizing payments. The "Balance Exception Report" (A) focuses on identifying discrepancies in balances, the "Payroll Balance Report" (B) summarizes balance totals rather than detailed diagnostics, and the "Payroll Data Validation Report" (D) is used for data setup validation, not run result auditing. The Oracle documentation highlights the Payroll Activity Report's role in the "Reviewing Payroll Results" section.

NEW QUESTION # 54
You have a requirement for not processing an element entry based on a specific condition that will be evaluated during payroll run. How should you achieve this?

A. You write a skip rule with the condition so that the element is not processed when the condition is satisfied.
B. You cannot meet this requirement because once an element entry is created, it will be processed all the time.
C. You write a validation formula with the condition so that the element is not processed when the condition is satisfied.
D. You write a calculation formula with the condition so that the element is not processed when the condition is satisfied.

Answer: A

NEW QUESTION # 55
......

In the mass job market, if you desire to be an outstanding person, an exam certificate is a necessity. Just as an old saying goes, “It’s never too old to learn”, so preparing for a 1Z0-1050-24 certification is becoming a common occurrence. Especially in the workplace of today, a variety of training materials and tools always makes you confused and spend much extra time to test its quality, which in turn wastes your time in learning. In fact, you can totally believe in our 1Z0-1050-24 Test Questions for us 100% guarantee you pass exam. If you unfortunately fail in the exam after using our 1Z0-1050-24 test questions, you will also get a full refund from our company by virtue of the proof certificate.

1Z0-1050-24 Certification Book Torrent: https://www.topexamcollection.com/1Z0-1050-24-vce-collection.html