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Oracle Payroll Cloud 2020 Implementation Essentials (1Z0-1050-20) Practice Exam

Oracle Payroll Cloud 2020 Implementation Essentials (1Z0-1050-20) 

About Oracle Payroll Cloud 2020 Implementation Essentials (1Z0-1050-20) Practice Exam

An Oracle Payroll Cloud 2020 Certified Implementation Specialist has demonstrated the knowledge required to set up Oracle Payroll Cloud using Workforce Deployment tasks offered in the functional setup manager. Individuals who earn this certification are able to identify the key concepts of Oracle Payroll Cloud that determine a successful implementation, test your setup by entering data and performing common payroll processes, use Oracle Payroll Cloud Functional Setup Manager (FSM) to implement payroll and much more.

Exam Details

  • Exam Title: Oracle Payroll Cloud 2020 Implementation Essentials
  • Exam Number: 1Z0-1050-20
  • Exam Price: $245 USD
  • Format: Multiple Choice
  • Duration: 85 Minutes
  • Number of Questions: 55
  • Passing Score: 64%
  • Validated Against: This exam has been validated against 20B. (Previous version of this exam was validated against 19C)

Course Outline

The Oracle Payroll Cloud 2020 Implementation Essentials (1Z0-1050-20) exam covers the following topics - 

1. Payroll Concepts

Describe cloud Human Resources and the cloud payroll person models

Describe legislative data groups

Describe payroll statutory units

Create payroll users and roles

2. Earnings and Deduction Definitions

Create an earnings or deduction element

Explain the behavior of an element

Create element entry business rules

Configure an absence element

Add eligibility rules for an element

Create rules for retroactive changes

3. Payroll Costing Rules

Describe the levels of a costing hierarchy

Set up a payroll cost allocation flexfield

Configure various types of costing

Perform a transfer to subledger accounting and a posting to GL

4. Payroll Flows

Copy a flow pattern

Edit a flow pattern

Define parameters for tasks within a flow pattern

Submit a payroll flow

5. Payroll and Balance Definitions

Configure a payroll definition

Configure a balance definition

Edit payment dates

6. Payroll Payment Details

Add company payment details

Explain how to configure a payslip report

Add third-party payment details

7. Employee Level Payroll Information

Add a standard earnings entry earning or deduction to an employee

Add bank account details for an employee

Enter payroll frequency details for an employee

Manage absences for an employee

Explain how to initialize payroll balances

Manage costing for a person

8. Calculate, Validate and Correct Payroll Processes

Describe the Payroll Checklist

Verify the results of a payroll run

Correct the payroll run details for an employee

Submit and verify the results of the payment process

Confirm the status of the payroll flow

Verify the results of the costing process

Describe how to reconcile the payroll

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