1Z0-1050 Online Practice Questions and Answers

Your customer pays their workers on a semi-monthly payroll frequency. To save costs, the customer is changing their company policy and effective from 1st January, all workers will be paid on a monthly.

What action should you take to implement this change?

A. Create a new monthly payroll definition and transfer the workers from the semi-monthly payroll to the monthly payroll.

B. Create a new monthly payroll definition, end date the workers employment records associated with the semi-monthly payroll, create new employment records for the workers and associate these to the monthly payroll.

C. Navigate to the semi-monthly payroll and update the Date Paid field on the payroll time periods to reflect the new monthly payment dates.

D. Navigate to the semi-monthly payroll and update the Start and End Dates on the payroll time periods to reflect the new monthly payroll period dates.

Which delivered report can be used to verify the details of all payments made to third-parties?

A. Payroll Activity Report

B. Payment Register Report

C. Third-Party Invoice Listing

D. Third-Party Payment Register

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.

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

You want to give a user access to run a specific shipped payroll process or report.

Which three actions should you perform?

A. Define a payroll flow security profile that includes the flow for the specific process or report, and then assign it to the data role attached to the user.

B. Give the user the functional privilege to run the specific process or report through a job or abstract role.

C. Enable the process or report on the Manage Payroll Flow Pattern page.

D. Regenerate the data role attached to the user.

You have an employee tax deduction element that credits the same account for all employees irrespective of their home department.

How do you define the costing rules to meet this requirement?

A. You create Fixed Costing on tax deduction element

B. You create the costing with distributed option

C. You create the costing with "Costed" option on tax element

D. You cannot meet this requirement because the costs are automatically apportioned to the respective departments

Which is the correct cost hierarchy used to build each account segment?

A. Element Entry, Person Element, Person Payroll, Position, Job, Department, Element Eligibility, Payroll.

B. Element Entry, Person Payroll, Person Element, Position, Job, Department, Payroll, Element Eligibility.

C. Element Entry, Person Payroll, Person Element, Position, Job, Payroll, Department, Element Eligibility, Payroll.

D. Element Entry, Person Element, Person Payroll, Job, Position, Department, Payroll, Element Eligibility.

Whilst testing the payroll ran, five workers went into error status. The remaining 10,000 workers completed successfully. You have reviewed and corrected the underlying issues for the five workers and now need to correct their payroll results.

What action should you take?

A. Process Payroll

B. Mark erred workers for retry and retry the payroll.

C. Rollback the payroll run and reprocess

D. Manually update the payroll run status for each worker from error to complete.

You have a requirement to verify the costing results of a person in a particular payroll run.

In which three ways do you verify the costing results of a single person? (Choose three.)

A. You cannot view the costing results of a single person.

B. You can view the costing results from Statement of Earnings -> View Costing Results.

C. You can run the Payroll Costing Report for a single person.

D. You can use the OTBI - Payroll Run Costing Real Time subject area.