1Z0-971 Oracle Incentive Compensation ​Cloud 2017 Implementation ​Essentials

Exam Number: 1Z0-971
Exam Title: Oracle Incentive Compensation ​Cloud 2017 Implementation ​Essentials
Associated Certification Paths Passing this exam is required to earn these certifications. Select each certification title below to view full requirements.
Oracle Incentive Compensation Cloud 2017 Certified Implementation Specialist
Duration: 120
Number of Questions: 75
Passing Score: 66%
View passing score policy
Validated Against:  This exam has been validated against R13. (Previous version of this exam was validated against R12 in 2017)
Format: Multiple Choice

Complete Recommended Training
Oracle Sales Cloud Learning Subscription (Individuals & Companies | Partners)

Additional Preparation and Information
A combination of Oracle training and hands-on experience (attained via labs and/or field experience) provides the best preparation for passing the exam.
Our certification exams are revised regularly to align with training and product release updates. Information about exam revisions and new topics are found on this page under ‘Validated Statement’ and within the exam topics below. Certifications reflect validated skills for year and product release version date of achievement. If you are preparing for this exam, we recommend you check these topics periodically to ensure your exam prep covers any new topics that may be added based on regular exam revision.

Initial Setup
Set up a Business Unit (BU), including Calendars and Parameters
Generate Roles and Users
Enable columns
Explain the drivers of a BU structure design
Describe Currency setup

Compensation Plans
Configure Classification Rule Hierarchies and Credit Categories
Create Performance Measures
Build Plan Components
Design Rate Tables and Rate Table Dimensions
Build Expressions
Set up Estimated Compensation
Explain Plan Copy

Participants
Deploy Employees, Resources, and Suppliers
Import Participants
Enable Participant Data
Implement Roles and Participant Assignments
Create Paygroups and Payment Plans
Describe a Plan Acceptance workflow

Crediting and Rollup
Build a Credit Hierarchy and design a crediting process
Create a Rollup Hierarchy and Teams, and diagnose a rollup process
Explain how to enable custom qualifiers
Describe how to skip Crediting and Rollup
Enable hybrid crediting with a primary Credit Receiver on a transaction
Use Research Assistant to troubleshoot crediting

Credits and Earnings
Describe the different process sequences
Execute Collection, Import, and Classification processes
Troubleshoot processing errors
Explain retro-calculations and the Revert process
Explain incremental and full calculation modes
Use the Run All option for processing

Adjustments, Disputes and Payment Approval
Describe the Dispute process
Execute adjustments and re-processing
Manage Paysheets and Paysheet submission
Describe the payment batch and approval process

Advanced Plan Structures and Calculations
Build advanced expressions
Use Intervals, including interval-to-date and year-to-date
Use Performance Measure outputs and interdependent Plan Components
Use Phases and Sequences
Describe user-defined functions
Use Objective Base Performance Incentives (Management By Objectives)

Web service Integrations, Data Import/Export and Process Automation
Design integration with Bulk File Imports and Exports
Design integration with web services and explain web service invocation
Run Rule Imports, Goal Imports, and Participant Detail Imports
Describe the Enterprise Service Scheduler and process automation
Explain Fusion integrations

Define Extensibility
Describe the tools used to extend and modify the application
Enable descriptive flex fields (DFFs) and list of values (LOVs)
Describe how to create custom applications, schemas, and pages
Deploy a home page modification
Describe modifying pages and Personalization
Manage and Move Configurations

Business Intelligence (BI) and Analytics
Create analyses with BI Composer and seeded Subject Areas
Build complex reports with BI Analytics
Create and manage reports with BI Publisher
Describe how to build custom schemas and SQL queries
Explain the BI Extender and how to deploy DFF’s
Describe a BI strategy for complex reporting
Configure Mobile Commissions

Creating and Modifying Roles, Functional and Data Security
Explain Job Roles and Duty Roles
Create new Roles with modified functional security
Create new Roles with modified data security
Describe advanced security topics
Configure Analyst Groups and Compensation Management Hierarchy

Cloud Implementations
Describe Cloud instance management, including Patching, Upgrades, and Clones
Plan cloud incentive compensation projects
Describe a testing strategy, a go-live, and a process handoff


QUESTION 1
A performance measure is to be set up to determine the commission rate using total sales attainment percentage for a quarter, which is measured as total sales by participant for the quarter divided by target for the quarter.
How would you set up this performance measure?

A. Set Process Transaction = Grouped By Interval and Interval = Quarter, have the input expression ‘sum(Credit.transaction amount/Measure.Target)’, and enter targets in the plan component associated with the performance measure.
B. Set Process Transaction = Individually and Interval = Quarter, select Running Total, select Accumulate for input expression ‘credit.transaction amount’, and enter targets in the plan component associated with the performance measure.
C. Set Process Transaction = Individually and Interval = Quarter, select Running Total, select Accumulate for input expressions ‘transaction amount’, and enter targets directly in the performance measure
D. Set Process Transaction – Grouped By Interval and Interval = Quartet, have the input expression ‘sum(Credit.transaction amount/Measure.Target)’, and enter targets directly in the performance measure.

Answer: A


QUESTION 2
Your client wants a research assistant role that has read-only access to all pages accessible to the Compensation Analyst and to assigned participants.
How can this be accomplished?

A. Copy the Analyst Role and delete all privileges in the provisioning template other than Read.
B. Copy the Participant role and add Analyst Duty Roles.
C. Create a new role template.
D. Create a new role and add read privileges.

Answer: D


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

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

Answer: A,B,D

Explanation:
http://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r11/wn/r11_sales_wn.h
tm


QUESTION 4
Which three participant related data can be used in calculation expressions without using user defined functions?

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

Answer: C,D,E


QUESTION 5
Which two statements are true regarding the Complete Calculation process?

A. limited to only a particular sales hierarchy
B. can be time-consuming on very large volume transactions
C. recalculates all transactions for a given period
D. meant for minor changes that affect few participants

Answer: B,C

Click here to view complete Q&A of 1Z0-971 exam
Certkingdom Review
, Certkingdom PDF Torrents

MCTS Training, MCITP Trainnig

Best Oracle 1Z0-971 Certification, Oracle 1Z0-971 Training at certkingdom.com

Click to rate this post!
[Total: 0 Average: 0]

Author: admin

Hi I educated in the U.K. with working experienced for 18 years in multinational companies, As an IT Manager and IT Instructor, I am attached with certkingdom.com here they provide IT exams study material, the study materials included exams Q&A with Explanation, Study Guides, Training Labs, Exams Simulations, Training Videos, etc. for certification like MCSE 2003 Training, MCITP Training, http://www.certkingdom.com, CCNA exams preparation, CompTIA A+ Training, and more Certkingdom.com provide you the best training 100% guarantee. “Best Material Great Results”