1Z0-1050-22 Online Practice Questions and Answers

You are a payroll customer but when you have created an earnings element using the Manage Elements feature it has not created a pay value input value. What is the reason for this?

A. The selected extension in Manage Features by Country or Territory was set to "Payroll Interface".

B. The selected extension in Manage Features by Country or Territory was set to "Human Resources or None".

C. The earnings element template always creates "Pay Value" as the input value.

D. The selected extension in Manage Features by Country or Territory was set to "Payroll".

The element template has created a "Results" element for a voluntary deduction element along with the base element. On which element eligibility should you enter the costing account information?

A. Base element

B. Calculator element

C. Results element

D. Distributor element

Your company wants to pay its employees from company bank account A and their third parties from company bank account B. What is the recommended approach for this?

A. Write a formula to select the correct bank account for employees and third parties.

B. Create one organization payment method with two payment sources and configure the usage for each payment source within the payment method rules table.

C. Create two personal payment methods for each of your employees: one for their salary payments and one for their third-party payments.

D. Ensure you run the prepayments process separately for your employees and your third parties.

Your customer has the finance system in a third party system and you have to send the payroll costing entries to a third party system. Which two options can be used to extract the data from Cloud Payroll system?

A. You cannot extract the costing results from cloud payroll to send it to third party financials system.

B. You can use the OTBI

What three options should be considered while defining a costing key flexfield structure?

A. Required and Optional Segments

B. GL Accounting key flexfield structure

C. Value sets for the segments

D. Cost hierarchy levels enabled to populate each cost account segment

As a general rule when costing an element created with a primary classification of standard earnings, what element and input value do you cost?

A. Result Element and input value of Earnings Calculated

B. Base Element and input value of Pay value

C. Base Element and input value of Earning Calculated

D. Result Element and input value of Pay Value

How can you delete a payroll flow pattern that has not been previously submitted?

A. Change the status of the flow pattern to be "Inactive" in Manage Flow Patterns. Then select "Delete" from the actions menu.

B. From Manage Payroll Flow Patterns task, search for your flow and select "Delete" from the actions menu.

C. You cannot delete flow patterns.

D. Ensure all tasks are deleted and then from Manage Payroll Flow Patterns task, search for your flow and select "Delete" from actions menu.

You hire an employee on 01-JAN-2016. The employee is in the process of moving bank accounts and is yet to create a personal payment method. How will the employee receive their payroll payment for the month of January?

A. They will be paid by check, because this is the default payment method on the employee's payroll.

B. The payment process will error and they will not receive payment for the month of January.

C. They won't receive payment until they have created a personal payment method.

D. A cash payment request will be sent to accounts payable, and the employee will be paid in cash.

You need to enter bank account details for the employees within your company.

Which task should you use to do this?

A. Manage Third-Party Person Payment Methods

B. Manage Personal Payment Methods

C. Manage Element Entries

D. Manage Organization Payment Methods

You defined the department costing information after the Calculate Payroll process is run that creates the costing results also. You noticed that the department costing information is not created for the employees who are in that department. What should you do to ensure the department costing information is reflected for those employees without rolling back and rerunning the Calculate Payroll?

A. You roll back only the costing process and rerun it.

B. You run the Calculate Retroactive Costing process to recalculate costs for retroactive changes to costing setups.

C. You cannot rectify the costing results after they are created.

D. You do the adjustments in General Ledger because you cannot do changes in the costing results.