Oracle Incentive Compensation 2020 Implementation Essentials (1Z0-1062-20) Practice Exam

Oracle Incentive Compensation 2020 Implementation Essentials (1Z0-1062-20) 

About Oracle Incentive Compensation 2020 Implementation Essentials (1Z0-1062-20) 

An Oracle Incentive Compensation Cloud 2020 Certified Implementation Specialist possess a strong foundation and expertise in selling and implementing Oracle Incentive Compensation solutions. This certification covers topics such as - Model and Configure Incentive Plans, Assign and Credit Participants, Transactions & Compensation Calculations, Payment, Reporting, Common Applications Configuration for Incentive Compensation. Up-to-date training and field experience are recommended.

Exam Details

• Exam Title: Oracle Incentive Compensation 2020 Implementation Essentials
• Exam Number: 1Z0-1062-20
• Exam Price: $245 USD
• Format: Multiple Choice
• Duration: 85 Minutes
• Number of Questions: 55
• Passing score: 66%
• Validated Against: Exam has been validated against 20B

Course Outline

The Oracle Incentive Compensation 2020 (1Z0-1062-20) Exam covers the following topics -

1. Initial Setup

Set up a Business Unit (BU), including Calendars and Parameters

Generate Roles and Users

Enable columns

Explain the drivers of a BU structure design

Describe Currency setup

2. Participants

Deploy Employees, Resources, and Suppliers

Import Participants

Enable Participant Data

Implement Roles and Participant Assignments

Create Paygroups and Payment Plans

Describe a Plan Acceptance workflow

Delete participants

Create Incentive Compensation Roles

Assign Automated Roles

3. Credits and Earnings

Describe the different process sequences

Execute Collection, Import, and Classification processes

Troubleshoot processing errors

Explain retro-calculations and the Revert process

Explain incremental and full calculation modes

Use the Run All option for processing

4. Advanced Plan Structures and Calculations

Build advanced expressions

Use Intervals, including interval-to-date and year-to-date

Use Performance Measure outputs and interdependent Plan Components

Use Phases and Sequences

Describe user-defined functions

Use Objective Base Performance Incentives (Management By Objectives)

5. Define Extensibility

Describe the tools used to extend and modify the application

Enable descriptive flex fields (DFFs) and list of values (LOVs) (NO ITEMS)

Deploy a home page modification

Describe modifying pages and Personalization (NO ITEMS)

6. Creating and Modifying Roles, Functional and Data Security

Explain Job Roles and Duty Roles

Create new Roles with modified data security

Describe advanced security topics (NO ITEMS)

Configure Analyst Groups and Compensation Management Hierarchy

7. Compensation Plans

Configure Classification Rule Hierarchies and Credit Categories

Create Performance Measures

Build Plan Components

Design Rate Tables and Rate Table Dimensions

Build Expressions

Set up Estimated Compensation

Explain Plan Copy

Individualize compensation documents

8. Crediting and Rollup

Build a Credit Hierarchy and design a crediting process

Create a Rollup Hierarchy and Teams, and diagnose a rollup process

Describe how to skip Crediting and Rollup

Enable hybrid crediting with a primary Credit Receiver on a transaction (NO ITEMS)

Use Research Assistant to troubleshoot crediting

9. Adjustments, Disputes and Payment Approval

Describe the Dispute process

Execute adjustments and re-processing

Manage Paysheets and Paysheet submission

Describe the payment batch and approval process

10. Web service Integrations, Data Import/Export and Process Automation

Design integration with Bulk File Imports and Exports

Design integration with web services and explain web service invocation

Run Rule Imports, Goal Imports, and Participant Detail Imports

Describe the Enterprise Service Scheduler and process automation

Explain Fusion integrations (NO ITEMS)

11. Business Intelligence (BI) and Analytics

Create analyses with BI Composer and seeded Subject Areas

Build complex reports with BI Analytics

Explain the BI Extender and how to deploy DFF's

Describe a BI strategy for complex reporting

Configure Mobile Commissions (NO ITEMS)

12. Cloud Implementations

Describe Cloud instance management, including Patching, Upgrades, and Clones

Plan cloud incentive compensation projects

Describe a testing strategy, a go-live, and a process handoff

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