Get Oracle 1Z0-1050-24 Exam Practice Questions - Real and Updated

Answer : C

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.

Answer : C, D

Answer : D

For an element with a primary classification of standard earnings in Oracle Payroll Cloud, costing typically applies to the Result Element and its 'Earnings Calculated' input value (Option D). The Result Element is generated by the payroll calculation process to store the final computed earnings after applying rules, formulas, and rates. The 'Earnings Calculated' input value holds the monetary amount derived from these calculations, which is then costed. Option A and Option B refer to the Base Element, which is the initial element definition, not the processed result. Option C uses 'Pay Value,' which is more relevant for direct payments rather than calculated earnings. Oracle documentation specifies this costing convention for standard earnings elements.

Answer : B

In Oracle Payroll Cloud, third-party payments (e.g., garnishments or external payees) are managed separately from an employee's personal payment methods. When a third-party person's bank details change, the correction must be made using the 'Manage Third-Party Person Payment Methods' task. This task allows you to search for the employee, locate the specific third-party person linked to their payroll, and update the bank details directly (Option B). Option A (involuntary deduction card) is incorrect because bank details for third parties are not maintained there; it's for deduction setup, not payment details. Option C (employee's personal payment method) is irrelevant, as this pertains to the employee's own payments, not third-party ones. Option D (creating a new third party) is unnecessary and inefficient, as the existing third-party record can simply be updated. This approach is outlined in Oracle's payroll payment management documentation.

Answer : D

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.