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To prepare for the exam, Oracle offers training courses and study materials that cover different topics related to the application. You can also find practice exams and sample questions online to help you prepare for the exam. Passing the Oracle 1Z1-1062 exam requires dedication, hard work, and a solid understanding of the Oracle Incentive Compensation Cloud 2019 application.
Oracle 1Z1-1062 certification exam is a valuable credential for IT professionals who want to demonstrate their expertise in implementing Oracle Incentive Compensation Cloud 2019. 1Z1-1062 exam covers a wide range of topics and requires candidates to have a deep understanding of compensation plan design, program management, and transaction processing. Passing the exam can help professionals advance their careers and gain recognition for their skills in implementing Oracle cloud solutions.
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Oracle 1Z1-1062 exam is targeted at professionals who want to earn a certification in the Oracle Incentive Compensation Cloud. 1Z1-1062 exam covers various topics, including the features and functionality of the solution, configuration of compensation plans, integration with other Oracle Cloud solutions, and overall management and maintenance of the solution. Furthermore, candidates need to have a strong understanding of compensation principles, processes, and policies, as well as experience in implementing compensation plans in an organization.
| Section | Weight | Objectives |
|---|---|---|
| Participants and Security | 15% | - Manage resources, roles, and assignments - Create rollup hierarchies and teams - Set up functional and data security |
| Credit and Classification | 20% | - Implement hybrid and primary crediting - Configure credit categories and hierarchies - Design classification rules and rule sets |
| Reporting and Administration | 10% | - Create analyses using BI Composer - Configure payment groups and approval workflows - Customize pages, flexfields, and lookups |
| Processes and Integration | 15% | - Design file and web service integrations - Explain calculation modes and process sequences - Run collection, import, and classification jobs |
| Plan Components and Calculations | 25% | - Build compensation plans and plan elements - Create formulas, rate tables, and dimensions - Configure retro-calculations and adjustments - Define performance measures and outputs |
| Business Unit Configuration | 15% | - Define currencies, periods, and intervals - Set up business unit, calendars, and parameters |
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