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The Oracle 1Z0-1050-24 certification exam is one of the best credentials in the modern Oracle world. The Oracle Payroll Cloud 2024 Implementation Professional (1Z0-1050-24) certification offers a unique opportunity for beginners or experienced professionals to demonstrate their expertise and knowledge with an industry-recognized certificate. With the Oracle Payroll Cloud 2024 Implementation Professional (1Z0-1050-24) exam dumps, you can not only validate your skill set but also get solid proof of your proven expertise and knowledge.

Oracle 1Z0-1050-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 3	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 4	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 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	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.

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Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q58-Q63):

NEW QUESTION # 58
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 run the Calculate Retroactive Costing process to recalculate costs for retroactive changes to costing setups.
C. You roll back only the costing process and rerun it.
D. You do the adjustments in General Ledger because you cannot do changes in the costing results.

Answer: B

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 # 59
You have a requirement to verify the costing results, such as debit and credit, of a particular payroll run at costing segments combination level, without manually adding the individual costing results.
Which two options achieve this requirement?

A. Run the Payroll Activity Report in Detail scope.
B. You can use the OTBI - Payroll Run Costing Real Time subject area.
C. You cannot achieve this requirement.
D. Run the Payroll Costing Report in Summary scope.

Answer: B,D

NEW QUESTION # 60
Your company wants to pay its employees from company bank account A and their third parties from company bank account B.
What is the recommended approach for this?

A. Create two personal payment methods for each of your employees: one for their salary payments and one for their third-party payments.
B. Ensure you run the prepayments process separately for your employees and your third parties.
C. Create one organization payment method with two payment sources and configure the usage for each payment source within the payment method rules table.
D. Write a formula to select the correct bank account for employees and third parties.

Answer: C

Explanation:
In Oracle Payroll Cloud, to pay employees from one bank account (A) and third parties from another (B), the recommended approach is to create a single organization payment method with two payment sources (e.g., bank account A and B) and configure their usage in the payment method rules table (Option D). This allows you to specify that employee salary payments use account A, while third-party payments (e.g., garnishments) use account B, all within one payment method. Option A (two personal payment methods per employee) is impractical and not aligned with third-party payment management. Option B (using a formula) is unnecessary, as the rules table handles this natively. Option C (separate prepayments) complicates processing without addressing the bank account distinction. Oracle documentation endorses this organization-level configuration.

NEW QUESTION # 61
A worker moves to a different legal employer within the same country. The HR uses performs a global transfer to meet this requirement.
What is the impact of the transfer on the worker's payroll relationship record?

A. It depends on the customer's payroll statutory unit and tax reporting structure.
B. There is no impact.
C. The payroll relationship will be ended and a new relationship is created.
D. It depends on the customer's payroll statutory unit and legal employer structure.

Answer: D

NEW QUESTION # 62
What happens if the costing process does not find a value for a segment defined as mandatory, and you create a suspense account at Payroll level?

A. Costing results are placed into suspense account.
B. No costing results are created for the person.
C. Calculation displays an error, and the person's results are not costed.
D. Costing results display a blank (null) value in the segment.

Answer: A

Explanation:
In Oracle Payroll Cloud, when a costing segment (e.g., cost center) is defined as mandatory and the costing process cannot find a value, a fallback mechanism is needed. If a suspense account is configured at the Payroll level, the costing results for that payroll run are automatically directed to the suspense account (Option A). This ensures that payroll processing completes without errors, and costs are temporarily held in the suspense account until corrected. Option B (blank value) is not allowed for mandatory segments. Option C (error stopping costing) and Option D (no results) do not occur when a suspense account exists, as it acts as a safety net. Oracle documentation confirms this behavior for handling missing mandatory cost segments.

NEW QUESTION # 63
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Oracle 1Z0-1050-24 Exam Syllabus Topics:

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Oracle Payroll Cloud 2024 Implementation Professional Sample Questions (Q58-Q63):

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