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  • Exam Code: 1z0-1062-21
  • Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials
  • Last Updated: Jul 28, 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
Incentive Compensation Cloud Overview- Core Concepts of Incentive Compensation
  • 1. Purpose and business use cases
    • 2. Key terminology and components
      Reporting and Administration- Reports and Analytics
      • 1. Performance tracking
        • 2. Standard reports usage
          - System Administration
          • 1. Data loading and maintenance
            • 2. Monitoring and troubleshooting
              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- Application Setup
                      • 1. Initial configuration and prerequisites
                        • 2. System parameters and preferences
                          - Security Configuration
                          • 1. Access control setup
                            • 2. Roles and privileges
                              Incentive Calculation and Processing- Calculation Engine
                              • 1. Run cycles and processing logic
                                • 2. Error handling and adjustments

                                  Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

                                  1. Performance Measures can be addedto expressions in the expression builder. Which structures are supported?

                                  A) A and D
                                  B) Output of performance measure on one plan component can be used asInput to rate table on another performance measure on a different plan component.
                                  C) The goalof one performance measure can be used in the formulaexpression of a different performance measure.
                                  D) The output of five performance measures can be combined in the formula expression of a plan component.
                                  E) Input of performance measure Interval-to-date can be used in the formula expression of a plan component.
                                  F) A, B, and C


                                  2. When should you set 'Calculate Incentive = Per Event'while building a plan component?

                                  A) when the incentive is to be calculated pet any kind of event, as long as the user defines the event first
                                  B) when the incentive is to be calculated based on many transactions grouped over an Interval
                                  C) when the incentive Is to be calculated on a per transaction basis
                                  D) when the incentive is to be calculated upon the event of the user running calculations manually as opposed to the event of automatically scheduled calculations


                                  3. A company pays commission based on the source of the transaction and the margin on the transaction.
                                  If the source is 'ABC' and margin is between 0 and 10 percent, the rate should be 1.5 percent.
                                  If the source is 'ABC' and margin is 10 percent and above, the rate should be 3 percent.
                                  If the source is 'XYZ'and margin is between 0 and 10 percent,the rata should be 2 percent.
                                  If the source is 'XYZ' and margin is 10 percent and above, the rate should be 4 percent.
                                  Which two procedures can you use to set this up?

                                  A) Option B
                                  B) Option D
                                  C) Option C
                                  D) Option E
                                  E) Option A


                                  4. A client wants to associate both monthly and quarterly calendars with an incentive compensation business unit. Which method do you use to set up multiple calendars for incentive compensation business units?

                                  A) Go to the Manage Calendars task in the Define Incentive Compensation Shared Configuration task list and associate the same business unit with both calendars.
                                  B) Go to theManage Calendars in the Define Incentive Compensation Shared Configuration task list and associate the business unit with a desired period type.
                                  C) Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select both calendars.
                                  D) Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select a calendar; only one calendar can be selected.


                                  5. Your customer needs a fewextra fieldsto be displayed inmanagement reports. TheseHolds are being captured In Descriptive Flex-fields. At what stage should you enable Descriptive Flex-field for BIReporting?

                                  A) while creating subject areas for Incentive Compensation Reporting
                                  B) while defining the segments by selecting the Enable for Reporting check box
                                  C) whileexecuting the program to enable Descriptive Flex-field for BI Reporting
                                  D) while deploying the flexfield by selecting the Enable for Reporting check box


                                  Solutions:

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

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