Oracle Incentive Compensation Cloud 2021 Implementation Essentials : 1z0-1062-21

  • Exam Code: 1z0-1062-21
  • Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials
  • Updated: Aug 01, 2026     Q & A: 76 Questions and Answers

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Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Reporting and Administration- Reports and Analytics
  • 1. Performance tracking
    • 2. Standard reports usage
      - System Administration
      • 1. Data loading and maintenance
        • 2. Monitoring and troubleshooting
          Topic 2: Incentive Calculation and Processing- Calculation Engine
          • 1. Run cycles and processing logic
            • 2. Error handling and adjustments
              Topic 3: 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
                      Topic 4: Incentive Compensation Cloud Overview- Core Concepts of Incentive Compensation
                      • 1. Purpose and business use cases
                        • 2. Key terminology and components
                          Topic 5: Compensation Plans and Rules- Plan Design
                          • 1. Quota and target setup
                            • 2. Commission structure definition
                              - Credit and Allocation Rules
                              • 1. Credit rules configuration
                                • 2. Territory and assignment rules

                                  Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

                                  1. You have to write a custom function that accesses the performancemeasure output.
                                  You must pass the following parameters to uniquely identify data and do custom calculations.
                                  plan_cooponent_id
                                  formaula_id
                                  Participant_id
                                  Period id
                                  In which table should you configure the required columns?

                                  A) CN TP KEASURE_RESULTS_ALL
                                  B) CN SRP_PER_FORM_METRICS_ALL
                                  C) CM SRP PARTICIPANTS ALL
                                  D) CW_TP_EARNINGS_ALL


                                  2. An Incentive Compensation administrator has set up the 'Point Rewards' as earning type. However, the Sales team has not received the cash compensation during the payout processing.
                                  Which statement istrue to identify the root cause of the error?

                                  A) The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.
                                  B) The 'Point Rewards' is a non monetary earning type and the Oracle FUSION IC cannot calculate the rash compensation because the earning type is a non-monetary earning type.
                                  C) The administrator must select the 'Convert into monetary earning' check box while defining the non-monetary earning type 'Point Rewards'. This allows IC to calculate incentive into cash compensation.
                                  D) The administrator has not associated the participants with the plan components where earning type is
                                  'Point Rewards'.
                                  E) The administrator must have defined'Point Rewards' as a monetary earning type.


                                  3. Which three are reports you can customize few Mobile Commissions?

                                  A) Credits: Credits and related details of the sales participant
                                  B) Reimbursements:Reimbursements and related details of the sale*, ii.ntic ip.int
                                  C) Payments: Payment transactions and related details of the sales participant
                                  D) Disputes: Details of the recent disputes raised by the sales participant
                                  E) Analytics: Details of the recent analysis of the sales participant


                                  4. Which three participant related data can be used in calculation expressions without usinguserdefined functions?

                                  A) Participant Header Descriptive Flexfields
                                  B) Employee Descriptive Flexfields
                                  C) Resource Descriptive Flexfields
                                  D) Participant Details Descriptive Flexfields
                                  E) Standard Participant Fields such as currency code or cost center


                                  5. Acustomer wants to credit one of its sales managers to receive direct credit for each sale in a particular state How can you accomplish this?

                                  A) Create a direct credit rule, assign all participants reporting to this participant as credit receivers, and set
                                  'State' as qualifier
                                  B) Create a direct credit rule, assign this participant as a credit receiver, and set 'State' as a Qualifier.
                                  C) Create a team credit rule for this state and assign the participant as a credit receive
                                  D) Create a rollup hierarchy rule and assign the participant as a credit receiver.


                                  Solutions:

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

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