Oracle 1z0-1062-21 : Oracle Incentive Compensation Cloud 2021 Implementation Essentials

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Exam Code: 1z0-1062-21

Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials

Updated: May 31, 2026

Q & A: 76 Questions and Answers

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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A business unit has set up a calendar based on fiscal months, but period data is not displaying on reports Select the configuration you must verify to identify the root cause.

A) Status is set to 'Active' for all of the required months.
B) Start and end dates for the fiscal months are valid.
C) Report to work area mapping isdefined for each period.
D) 'Display period data in participant reports' is selected.


2. Your customer needs a fewextra fieldsto be displayed inmanagement reports. TheseHolds are being captured In Descriptive Flex-fields. At what stage should you enable Descriptive Flex-field for BIReporting?

A) while defining the segments by selecting the Enable for Reporting check box
B) while deploying the flexfield by selecting the Enable for Reporting check box
C) whileexecuting the program to enable Descriptive Flex-field for BI Reporting
D) while creating subject areas for Incentive Compensation Reporting


3. Acustomer wants to credit one of its sales managers to receive direct credit for each sale in a particular state How can you accomplish this?

A) Create a team credit rule for this state and assign the participant as a credit receive
B) Create a direct credit rule, assign all participants reporting to this participant as credit receivers, and set
'State' as qualifier
C) Create a rollup hierarchy rule and assign the participant as a credit receiver.
D) Create a direct credit rule, assign this participant as a credit receiver, and set 'State' as a Qualifier.


4. You have been asked to create a report by using internal and external data sources. Identify Oracle's recommended approach for building a custom report.

A) BI Analytics
B) BI Answers
C) BI Publisher
D) OTBI Reports


5. You must create a request set for simplifying the Incentive Compensation processes for your end customer.
You asked Oracle Support to put the programs in the following sequence:
1. Revert Transaction
2. Run Crediting and Rollup
3. Run Classify Credits
4. Calculate
Whicharethe correct values of the corresponding BU parameters?

A) Rollup using Rollup Hierarchy, Classify after crediting
B) Rollup using Credit Hierarchy, Classifyaftercrediting
C) Rollup using Credit Hierarchy, Classify before crediting
D) Rollup Using= Both, Classify after crediting


Solutions:

Question # 1
Answer: B
Question # 2
Answer: A
Question # 3
Answer: B
Question # 4
Answer: C
Question # 5
Answer: A

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