Oracle Payroll Cloud 2024 Implementation Professional (1Z0-1050-24)

Course Description

Prepare to pass exam: Oracle Payroll Cloud 2024 Implementation Professional

The Oracle Payroll Cloud 2024 Implementation Professional certification is designed for Implementation Consultants and Administrators, Payroll Specialists who have a strong understanding and skill in executing Oracle Global Payroll. Individuals who earn this certification are capable of recognizing essential principles of Oracle Global Payroll that are crucial for a successful implementation and configuring Global Payroll through data input and standard payroll procedures for payroll implementation.

If you have a valid Oracle Payroll Cloud Implementation Professional Certification, and your credential has not expired, you can maintain your certification by taking the corresponding shorter Delta exam.

To prepare for the Oracle Payroll Cloud 2024 Implementation Professional exam, focus on mastering payroll fundamentals, configuration, and integration with other Oracle HCM modules while gaining hands-on experience in processing payroll. Utilize official documentation, training courses, and practice exams to reinforce your knowledge effectively.

Exam topics covered

Describing Payroll Concepts

• Explain human resources and payroll person models
  
• Explain legislative data groups
• Explain payroll statutory units
• Create payroll users and roles

Configuring Payroll and Balance Definitions

• Configure payroll definition
  
• Configure balance definition
• Edit payment dates

Defining Earnings and Deductions

• Create an earnings or deduction element
  
• Explain the behavior of an element
• Create element entry business rules
• Configure an absence element
• Add eligibility rules for an element
• Create rules for retroactive changes

Configuring Payroll Payment Details

• Add company payment details
  
• Configure a payslip report
• Add third-party payment details

Defining Payroll Costing Rules

• Set up Payroll Cost Flexfield
  
• Configure various types of costing
• Transfer to subledger accounting and post to GL

Managing Employee Level Payroll Information

• Add element entry for an employee
  
• Add bank account details for an employee
• Enter payroll frequency details for an employee
• Manage absences for an employee
• Initialize payroll balances
• Manage costing for a person

Maintaining Payroll Flows

• Maintain payroll flows
  
• Submit a payroll flow

Calculating, Validating, and Correcting Payroll Processes

• Calculate and verify payroll
  
• Confirm the status of the payroll flow
• Verify the results of the costing process
• Reconcile payroll