Oracle 1Z0-1050-24 Exam Questions - Navigate Your Path to Success

The Oracle Payroll Cloud 2024 Implementation Professional (1Z0-1050-24) exam is a good choice for Oracle f Payroll Specialists and Analysts and if the candidate manages to pass Oracle Payroll Cloud 2024 Implementation Professional exam, he/she will earn Oracle Cloud , Oracle SaaS - HCM Certifications. Below are some essential facts for Oracle 1Z0-1050-24 exam candidates:

In actual Oracle Payroll Cloud 2024 Implementation Professional (1Z0-1050-24) exam, a candidate can expect 50 Questions and the officially allowed time is expected to be around 90 Minutes.
TrendyCerts offers 51 Questions that are based on actual Oracle 1Z0-1050-24 syllabus.
Our Oracle 1Z0-1050-24 Exam Practice Questions were last updated on: Apr 24, 2025

Sample Questions for Oracle 1Z0-1050-24 Exam Preparation

Question 1

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?

AYou roll back only the costing process and rerun it.

BYou run the Calculate Retroactive Costing process to recalculate costs for retroactive changes to costing setups.

CYou do the adjustments in General Ledger because you cannot do changes in the costing results.

DYou cannot rectify the costing results after they are created.

Correct : B

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.

Options Selected by Other Users:

Question 2

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?

ACreate two personal payment methods for each of your employees: one for their salary payments and one for their third-party payments.

BWrite a formula to select the correct bank account for employees and third parties.

CEnsure you run the prepayments process separately for your employees and your third parties.

DCreate one organization payment method with two payment sources and configure the usage for each payment source within the payment method rules table.

Correct : D

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.