A worker moves to a different legal employer within the same country. The HR uses performs a global transfer to meet this requirement.
What is the impact of the transfer on the worker’s payroll relationship record?
A. The payroll relationship will be ended and a new relationship is created.
B. There is no impact.
C. It depends on the customer’s payroll statutory unit and legal employer structure.
D. It depends on the customer’s payroll statutory unit and tax reporting structure.
Answer: C
When defining your customer’s monthly payroll, they ask you to set the cut-off date for their monthly payroll to five days before the period end date.
What is the impact of the cut-off date on payroll processing?
A. The cut-off date triggers the automatic submission of the payroll calculation
B. The cut-off date is for informational purposes only.
C. The application restricts HR users from entering data after the payroll cut-off date.
D. The application restricts Payroll users from entering data after the payroll cut-off date.
Answer: D
Friday, 30 November 2018
Monday, 15 October 2018
Oracle 1Z0-969 Question Answer
You have run payroll process and need to validate and audit the run results before moving on to processing the payment. Which report helps you in diagnosing the results?
A. Payroll Data Validation Report
B. Payroll Balance Report
C. Balance Exception Report
D. Payroll Activity Report
Answer: D
You are creating a custom balance that needs to include run results of all elements associated with the regular earnings and supplemental earnings classifications. How should you define the balance feeds to meet this requirement?
A. Create balance feeds for each element belonging to regular earnings and supplemental earnings classifications.
B. This requirement cannot be met because a balance cannot be fed by elements from more than one element classification.
C. Create a balance feed for the regular earnings classification and a balance feed for the supplemental earnings classification.
D. Create balance feeds for each element belonging to regular earnings and supplemental earnings classifications but ensure the number of feeds does not exceed 250.
Answer: C
A. Payroll Data Validation Report
B. Payroll Balance Report
C. Balance Exception Report
D. Payroll Activity Report
Answer: D
You are creating a custom balance that needs to include run results of all elements associated with the regular earnings and supplemental earnings classifications. How should you define the balance feeds to meet this requirement?
A. Create balance feeds for each element belonging to regular earnings and supplemental earnings classifications.
B. This requirement cannot be met because a balance cannot be fed by elements from more than one element classification.
C. Create a balance feed for the regular earnings classification and a balance feed for the supplemental earnings classification.
D. Create balance feeds for each element belonging to regular earnings and supplemental earnings classifications but ensure the number of feeds does not exceed 250.
Answer: C
Tuesday, 10 July 2018
Hiscox moves to Oracle Cloud for financial systems, Workday for HR
The insurer replaces the commoditized SaaS solutions as "there is no competitive advantage to run a financial system a bit better than our competitors," says Ian Penny Group CIO.
The insurance firm Hiscox is moving its legacy financial systems to an Oracle-based cloud solution. The goal is to provide a system that can match the company's growth ambitions, according to Ian Penny Group CIO.
"We have a heritage set of financial systems, including Cognos Planning [from IBM], but there is no integrated package," Penny told Computing. "When Hiscox was smaller and less diversified, that was appropriate, now, looking at the company's growth ambitions, we need to transform our technology into finance, so we are moving towards an Oracle solution based on the cloud."
Penny recently joined Computing in her studies to talk about skills, automation and DevOps.
He explained that the off-platform approach based on the cloud is appropriate for administrative functions such as finance.
"There is no competitive advantage to running a financial system a bit better than our competitors, so we are using a commercial approach." To support our growth over the next five to ten years where we expect our client base to increase substantially, we need a robust back office, "he added.
Hiscox analyzed several solutions from organizations, including SAP and Microsoft, when evaluating which financing system to use. Penny explained that the choice was made based on how well he thought each company could keep its promises.
Although Microsoft was not chosen in this instance, Hiscox recently started using its Azure cloud platform.
"The decision was made based on our confidence in the ability of those organizations to execute, some of those partners have an excellent record of execution in smaller or large multinational companies, the kind of financial system you need in a company with 200,000 employees is different from what you need in a smaller set, we chose Oracle to fit us and our company. "
Penny added that his company also chose a Workday human resources solution for the same reasons.
"We also went from an internal human resources solution to using Workday, if you are establishing an area that has already been promoted by a commercial package, there is no point in reinventing the wheel, there is no competitive advantage to execute HR differently from others, so we've implemented the standard package, but it's flexible and we can incorporate the Hiscox process into it. "
He said the goal of commercial SaaS solutions should be to keep them simple and not to customize them to a large extent.
"There is a great tendency to want to customize solutions, but that generates a lot of technical debt, sometimes you end up creating systems that you can not undo, but the beauty of some SaaS solutions is that you can not customize them in the same way you would. a solution in the facilities, so it gets a perennial platform.
"That means you do not get into that place 'stop the world we need to improve', and it gives you more money, it also gives our colleagues modern tools so they can move forward and do their job, and that's ultimately what that you are here for.
The insurance firm Hiscox is moving its legacy financial systems to an Oracle-based cloud solution. The goal is to provide a system that can match the company's growth ambitions, according to Ian Penny Group CIO.
"We have a heritage set of financial systems, including Cognos Planning [from IBM], but there is no integrated package," Penny told Computing. "When Hiscox was smaller and less diversified, that was appropriate, now, looking at the company's growth ambitions, we need to transform our technology into finance, so we are moving towards an Oracle solution based on the cloud."
Penny recently joined Computing in her studies to talk about skills, automation and DevOps.
He explained that the off-platform approach based on the cloud is appropriate for administrative functions such as finance.
"There is no competitive advantage to running a financial system a bit better than our competitors, so we are using a commercial approach." To support our growth over the next five to ten years where we expect our client base to increase substantially, we need a robust back office, "he added.
Hiscox analyzed several solutions from organizations, including SAP and Microsoft, when evaluating which financing system to use. Penny explained that the choice was made based on how well he thought each company could keep its promises.
Although Microsoft was not chosen in this instance, Hiscox recently started using its Azure cloud platform.
"The decision was made based on our confidence in the ability of those organizations to execute, some of those partners have an excellent record of execution in smaller or large multinational companies, the kind of financial system you need in a company with 200,000 employees is different from what you need in a smaller set, we chose Oracle to fit us and our company. "
Penny added that his company also chose a Workday human resources solution for the same reasons.
"We also went from an internal human resources solution to using Workday, if you are establishing an area that has already been promoted by a commercial package, there is no point in reinventing the wheel, there is no competitive advantage to execute HR differently from others, so we've implemented the standard package, but it's flexible and we can incorporate the Hiscox process into it. "
He said the goal of commercial SaaS solutions should be to keep them simple and not to customize them to a large extent.
"There is a great tendency to want to customize solutions, but that generates a lot of technical debt, sometimes you end up creating systems that you can not undo, but the beauty of some SaaS solutions is that you can not customize them in the same way you would. a solution in the facilities, so it gets a perennial platform.
"That means you do not get into that place 'stop the world we need to improve', and it gives you more money, it also gives our colleagues modern tools so they can move forward and do their job, and that's ultimately what that you are here for.
Thursday, 1 March 2018
Oracle 1Z0-969 Question Answer
What three options should be considered while defining a costing key flexfield structure? (Choose three.)
A. Value sets for the segments
B. Cost hierarchy levels enabled to populate each cost account segment
C. segments required for the offset account
D. GL Accounting key flexfield structure
Answer: ABC
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. Ensure all tasks are deleted and then from Manage Payroll Flow Patterns task, search for your flow and select “Delete” from the actions menu.
C. You cannot delete flow patterns.
D. From Manage Payroll Flow Patterns task, search for your flow and select Delete” from the actions menu.
Answer: D
A. Value sets for the segments
B. Cost hierarchy levels enabled to populate each cost account segment
C. segments required for the offset account
D. GL Accounting key flexfield structure
Answer: ABC
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. Ensure all tasks are deleted and then from Manage Payroll Flow Patterns task, search for your flow and select “Delete” from the actions menu.
C. You cannot delete flow patterns.
D. From Manage Payroll Flow Patterns task, search for your flow and select Delete” from the actions menu.
Answer: D
Monday, 22 January 2018
Oracle 1Z0-969 Question Answer
Which two statements regarding the relationship between legal entities, legal employers, and payroll statutory units (PSU) are correct? (Choose two.)
A. A legal employer can be associated with multiple PSUs.
B. PSUs are legal entities responsible for payroll tax and social insurance reporting.
C. Legal employers are legal entities responsible for paying workers.
D. A legal entity cannot be both a legal employee and a PSU.
Answer: BC
Where would a payroll flow task retrieve its parameter information when selecting “Bind to Flow Task Parameter”?
A. Derives the value from a SQL Bind
B. Derives the value from the output of the previous task
C. Derives the value from the context of the current flow instance
D. Derives a specific value to the parameter as entered by the user
Answer: B
A. A legal employer can be associated with multiple PSUs.
B. PSUs are legal entities responsible for payroll tax and social insurance reporting.
C. Legal employers are legal entities responsible for paying workers.
D. A legal entity cannot be both a legal employee and a PSU.
Answer: BC
Where would a payroll flow task retrieve its parameter information when selecting “Bind to Flow Task Parameter”?
A. Derives the value from a SQL Bind
B. Derives the value from the output of the previous task
C. Derives the value from the context of the current flow instance
D. Derives a specific value to the parameter as entered by the user
Answer: B
Thursday, 4 January 2018
Oracle 1Z0-969 Question Answer
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
Answer: B
You are currently reconciling a payroll run and are informed of a late starter who you would like included in the payments part of the main processing flow.
Which feature should you use to achieve this?
A. Connecting Flows
B. Calling a Flow
C. Flow Linkage
D. Flow Interaction
Answer: D
A. Manage Third-Party Person Payment Methods
B. Manage Personal Payment Methods
C. Manage Element Entries
D. Manage Organization Payment Methods
Answer: B
You are currently reconciling a payroll run and are informed of a late starter who you would like included in the payments part of the main processing flow.
Which feature should you use to achieve this?
A. Connecting Flows
B. Calling a Flow
C. Flow Linkage
D. Flow Interaction
Answer: D
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