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Nowadays, many organizations are facing challenges in their payroll operation as there are some limitations in implementing the current payroll operation. These limitations are due to the lack of skills, experience, and know-how of the payroll teams that are required to implement this procedure. 1Z0-1050-20 exam dumps will give you a competitive edge over your competitors and make you an expert on Oracle Payroll Cloud. The implementation of Oracle Payroll Cloud provides organizations with the ability to automate the entire payroll operation effectively. By using Oracle Payroll Cloud Functional Setup Manager, an organization can be able to automate the entire procedure from payroll generation to payroll sending.
This certification exam allows individuals to understand the latest technology and gain the skills to implement Oracle Payroll Cloud 2020 in an easy and simple way. It is designed to allow the candidate to demonstrate the knowledge required to set up Oracle Payroll Cloud using Workforce Deployment tasks offered in the functional setup manager. Element entry business tasks, data conversion, synchronization, and other similar tasks will be covered in this exam. The frequency of questions will be discussed in the next sections of this article. Allocation of exam time will be addressed in the section below.
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Oracle 1z0-1050-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Payroll Payment Details | 15% | - Third-Party Payments - Configure Payslip Reports - Company Payment Setup |
| Topic 2: Payroll Flows | 15% | - Manage Flow Patterns - Define Flow Parameters - Submit and Monitor Flows |
| Topic 3: Earnings and Deduction Definitions | 10% | - Retroactive Changes - Create Earnings and Deduction Elements - Absence Elements - Element Eligibility - Element Behavior and Rules |
| Topic 4: Employee Level Payroll Information | 10% | - Payroll Frequency - Initialize Balances - Bank Account Details - Person-Level Costing - Enter Earnings and Deductions |
| Topic 5: Calculate, Validate and Correct Payroll Processes | 15% | - Payment Process Validation - Verify and Correct Results - Payroll Run Execution - Costing Reconciliation |
| Topic 6: Payroll and Balance Definitions | 15% | - Define Payment Dates - Configure Payroll Definitions - Set Up Balance Definitions |
| Topic 7: Payroll Costing Rules | 10% | - Configure Costing Types - Cost Allocation Flexfields - Costing Hierarchy - Subledger and GL Transfers |
| Topic 8: Payroll Concepts | 10% | - Legislative Data Groups - Cloud HR and Payroll Person Models - Payroll Statutory Units - Security Roles and Users |
