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  • Exam Code: 1z0-1062-21
  • Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials
  • Updated: Aug 16, 2026
  • Q & A: 76 Questions and Answers
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  • Exam Code: 1z0-1062-21
  • Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials
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Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionObjectives
Reporting and Administration- Reports and Analytics
  • 1. Performance tracking
    • 2. Standard reports usage
      - System Administration
      • 1. Data loading and maintenance
        • 2. Monitoring and troubleshooting
          Incentive Calculation and Processing- Calculation Engine
          • 1. Error handling and adjustments
            • 2. Run cycles and processing logic
              Incentive Compensation Cloud Overview- Core Concepts of Incentive Compensation
              • 1. Key terminology and components
                • 2. Purpose and business use cases
                  Compensation Plans and Rules- Plan Design
                  • 1. Quota and target setup
                    • 2. Commission structure definition
                      - Credit and Allocation Rules
                      • 1. Territory and assignment rules
                        • 2. Credit rules configuration
                          Setup and Configuration- Security Configuration
                          • 1. Access control setup
                            • 2. Roles and privileges
                              - Application Setup
                              • 1. Initial configuration and prerequisites
                                • 2. System parameters and preferences

                                  Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

                                  1. Your stand alone SaaS implementation project starts in two weeks. With which four roles must you staff your consulting team?

                                  A) Business Analyst, DBA, Reporting Specialist, Data Specialist
                                  B) System Administrator Business Analyst, Reporting Specialist, Project Manager
                                  C) Business Analyst, Reporting Specialist, Data Specialist, Project Manager
                                  D) System Administrator, Business Analyst, DBA, Project Manager


                                  2. Dining the Rollup process, the Incentive Compensation application determines all participants who must receive indirect credit for the transaction.
                                  Identify the two options this is based on.

                                  A) all the participants associated with that customer
                                  B) Rollup hierarchy effective for that date
                                  C) all the participants in theorganization
                                  D) all the participants in the compensation group
                                  E) Rollup date


                                  3. You have created one performance measure, PM1, which has the following definition with calculation sequence 1.

                                  You want to refer PMl output in performance measure 2 having calculation sequence 2. Which two statements are true?

                                  A) You can refer to attribute Measure result.PMl.Input.
                                  B) You cannot access output of PMl In output expression of PMl.
                                  C) You can refer to attribute Measure result.PMl.Output.
                                  D) You can refer to attribute Measure result .PMl.PTD Output Achieved.
                                  E) You can refer to attribute Measure result.PMl.PTD Output Achieved.


                                  4. The incentive compensation application set the paymentbatchstatus to 'Paid' for a particular period and the payments have to be adjusted for a Which is the correct way to do this?

                                  A) No adjustment can be done for that period.
                                  B) Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.
                                  C) Pay sheets can be adjustedaccordingly.
                                  D) Payment batches can be edited and reprocessed.


                                  5. You must create a request set for simplifying the Incentive Compensation processes for your end customer.
                                  You asked Oracle Support to put the programs in the following sequence:
                                  1. Revert Transaction
                                  2. Run Crediting and Rollup
                                  3. Run Classify Credits
                                  4. Calculate
                                  Whicharethe correct values of the corresponding BU parameters?

                                  A) Rollup using Rollup Hierarchy, Classify after crediting
                                  B) Rollup using Credit Hierarchy, Classifyaftercrediting
                                  C) Rollup Using= Both, Classify after crediting
                                  D) Rollup using Credit Hierarchy, Classify before crediting


                                  Solutions:

                                  Question # 1
                                  Answer: C
                                  Question # 2
                                  Answer: B,E
                                  Question # 3
                                  Answer: A,B
                                  Question # 4
                                  Answer: C
                                  Question # 5
                                  Answer: A

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