Online 1Z0-1050-24 Practice Test

Question 1

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?

Options :

A :

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

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

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

D :

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

Answer: D

Question 2

What happens if the costing process does not find a value for a segment defined as mandatory, and you create a suspense account at Payroll level?

Options :

A : Costing results are placed into suspense account.

B : Costing results display a blank (null) value in the segment.

C : Calculation displays an error, and the persons results are not costed.

D : No costing results are created for the person.

Answer: A

Question 3

Which legislative data group (LDG) description is incorrect?

Options :

A : An LDG can contain many legal entities that act as payroll statutory units.

B : An LDG can be associated to multiple cost allocation key flexfield structures.

C : An LDG marks a legislation in which payroll is processed.

D : An LDG is associated with a legislative code and currency.

Answer: B

Question 4

You have run the 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?

Options :

A : Balance Exception Report

B : Payroll Balance Report

C : Payroll Activity Report

D : Payroll Data Validation Report

Answer: C

Question 5

How should you configure the predefined payslip report to meet your customers payslip requirements?

Options :

A : Open the seeded Payslip report and edit the template.

B : Modify the copy of the seeded payslip template and use it in a copy of the seeded payslip report.

C : Rename the seeded Payslip report and edit the content within the seeded template.

D : Payslips cannot be configured and must be built from the beginning.

Answer: C

EXPERTY DESIGNED 1Z0-1050-24 PRACTICE TEST