Oracle 1z1-971 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1z1-971
Exam Name/Title: Oracle Incentive Compensation Cloud 2017 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Sales Cloud

Exam Questions: 75
Updated On: Sep 26, 2026

Question #1

You want to create compensation plans for a new business unit and found that the plans are similar to the existing compensation plans. How can you achieve this?

A. You can only manually create them in the new business unit, as you cannot Import plans exported from another business unit.

B. You can use db tools to copy the compensation plans from one business unit to another.

C. You can export the compensation plans from current business unit. Log in to the new business unit and import them into the new business unit, but you must create plan components and performance measures manually.

D. You can export the compensation plans from current business unit. Log In to the new business unit and import them into the new business unit, which imports the complete compensation plans with the associated plan components.

Discussion 0

Correct Answer: C Vote an answer

Question #2

You must migrate data for around 500 participants along with attributes, historical
Participant Goals, historical transactions. Compensation Plans, classification rules, and credit categories in a new Incentive Compensation implementation. The client is ready to provide data in a file format that is provided by you.
Which three templates can you use out of box for data migration?

A. Incentive Compensation Participant Goal Import

B. Incentive Compensation Compensation Plan Import

C. Incentive Compensation Transaction Import

D. Incentive Compensation Credit Category Import

E. Incentive Compensation Classification Rule Import

F. Incentive Compensation Participant Import

G. Incentive Compensation Participant Detail Import

Discussion 0

Correct Answer: C,D,F Vote an answer

Question #3

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
Which are the correct values of the corresponding BU parameters?

A. Rollup using Credit Hierarchy, Classify after crediting

B. Rollup Using = Both, Classify after crediting

C. Rollup using Credit Hierarchy, Classify before crediting

D. Rollup using Rollup Hierarchy, Classify after crediting

Discussion 0

Correct Answer: D Vote an answer

Question #4

Will the earnings for participants be calculated once their Active End Date has elapsed?

A. Earnings will not be calculated if their Compensation End date has elapsed.

B. Earnings will be calculated lot participants as long as they exist m the fusion Incentive
Compensation system.

C. Earnings will be calculated foe participants as long as they remain assigned to a compensation plan.

D. Earnings will not be calculated if their Active End Date has elapsed.

Discussion 0

Correct Answer: B Vote an answer

Question #5

You want to enable Plan Component ID, Period ID, and Participant ID for use as parameters in a User-Defined Function. Which table should these be drawn from?

A. CN_TP_TRANSACTIONS_ALL

B. CN_SRP_PIAN_C0HPONENTS_ALL

C. CN_SRP_PARTICIPANTS_ALL

D. CN_SRP_SUBLEDGER_ALL

E. CN_SRP_PER_FORM_METRICS_ALL

Discussion 0

Correct Answer: A Vote an answer

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Question #6

Which descriptive flexfield should you use to update Incentive Compensation Transaction details?

A. FIC_TRANSACTION_DFF

B. CN_TP_BASETRAHS_DFF

C. XC BASE_TRANS_DFF

D. CM_TP_TRANSACTIOM_DFP

Discussion 0

Correct Answer: D Vote an answer

Question #7

Which Oracle Sales Cloud and Incentive Compensation applications security construct controls what functions and data a user has access to?

A. Responsibility

B. Role

C. Job

D. Security Profile

Discussion 0

Correct Answer: C Vote an answer

Question #8

Which two statements are true about disputes?

A. Disputes are assigned to the analyst who is associated with the participant creating the dispute, and assigned to the compensation manager who the analyst reports to in the payment analyst hierarchy.

B. Compensation Managers can reassign disputes to different analysts.

C. Disputes are assigned to the analyst who is associated with the participant creating the dispute.

D. Participants can view the disputes they have created in their worklist

Discussion 0

Correct Answer: C Vote an answer

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