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1Z0-971 - Oracle Incentive Compensation Cloud 2017 Implementation Essentials - Dump Information

Vendor : Oracle
Exam Code : 1Z0-971
Exam Name : Oracle Incentive Compensation Cloud 2017 Implementation Essentials
Questions and Answers : 75 Q & A
Updated On : Click to Check Update
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1Z0-971 Questions and Answers



You help the Oracle Incentive Compensation administrator select the coned currency options for a business unit where all the transactions are performed in USD. Although some of the workforce is based in the UK and Canada, the company pays the workforce in USD. How do you set up currencies?

  1. Select Operating Currency as USD and select Processing Currency as Operating Currency.

  2. Select Operating Currency as USD and select Processing Currency as Participant's Home Currency.

  3. Select Operating Currency as USD and Processing Currency as USD.

  4. Select Processing Currency as USD only. Operating Currency is not mandatory.

Answer: D


The status of the ESS (Enterprise Scheduler Service) request is 'Succeeded.' But the transaction is not credited, and the status of the transaction is not 'Credited.' Which

statement is the most complete and gives a correct list of settings and actions that are needed for a transaction to generate valid credits?

  1. Answer B plus-You must run Deploy Credit Rules for the correct date range.

  2. Answer B plus-You must assign the correct credit category to the performance measure.

  3. Answer B plus-You must set 'Enable Rollup' to 'Yes1 and select 'Rollup in Credit Hierarchy.

  4. Answer A plus—If the 'Enable Classification' parameter is set to 'Yes' and 'Classify Transactions' Is set to 'After collection and before crediting/ then ensure classifying the transactions before running crediting.

  5. The 'Enable Direct Crediting' parameter is set to "Yes* and the credit rules have valid attributes. Attribute values and a credit receiver are assigned.

Answer: E


Which statement is true for the participant home currency?

  1. A participant's home currency must be the same as the operating currency.

  2. A participant can be compensated for an invoice booked only in the participant's home currency.

  3. A participant's home currency must be the same for all participants in the organization.

  4. A participant can be compensated for an invoice booked in a currency different from the participant's home currency.

Answer: B


An administrator is defining periods in the Incentive Compensation application quarterly calendar. She is defining the same start date for two periods with a different end date. Which Statement represents the error for this scenario?

  1. Please select the period type for each newly-added period row.

  2. The start date cannot be later than the end date for a period.

  3. The date range should not overlap with any other period.

  4. The period is overlapping with system defined quarterly period.


A classification rules hierarchy is set up as:


The performance measure 'Storage attainment' is associated with category STORAGE, while the performance measure Hard Drive attainment is associated with the credit category HARD DRIVE. If the transaction is:


What will the application do when the Classification and Calculation processes are run?

  1. associate the credit category HARD DRIVE with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating both performance measures ('Storage attainment' and 'Hard Drive attainment')

  2. associate both credit categories (STORAGE and HARD DRIVE) with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Hard Drive attainment'

  3. associate the credit category HARD DRIVL with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Hard Drive attainment*

  4. associate the credit category STORAGE with the transaction during the Classification process and later, during the Calculation process. Include the transaction when calculating only the performance measure 'Storage attainment'

  5. associate both credit categories (STORAGE and HARD DRIVE) with Km- transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Storage attainment'

Answer: C


The Implementation team is trying to determine how many business units (BUs) are

  1. The HCM application has four separate BUs, so we must adopt them fc* Incentive Compensation.

  2. The running of processes, the management of participant assignments, and the administrative access to data must be separated by principal lines of business.

  3. different General Ledger account structures

  4. different currencies for payment of participants

  5. Operating currency is different to the currency in which calculations are performed.

Answer: A


Which method enables an Incentive Compensation application administrate, to bypass payment approval?

  1. Set Grade Fusion Incentive Compensation: Enforce Payment Approval to 'No' in the Manage Profile Options task.

  2. Set up an empty payment administration hierarchy.

  3. Set Paysheet Approval Status to 'Approved- in the Manage Parameters task.

  4. Payment approval cannot be bypassed.

Answer: C


By using which method can a new participant be created In the Incentive Compensation application?

  1. manually in the UI

  2. using the Create Participant Web Service

  3. using the Import Participant process

  4. using the Create Participant task in Setup and Maintenance

Answer: D

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These forward-looking statements will also be recognized by way of predictive, future-annoying or forward-looking terminology, corresponding to "believes," "anticipates," "expects," "estimates," "plans," "can also," "intends," "will," or similar terms. investors are suggested that any forward-looking statements are not guarantees of future efficiency and involve huge risks and uncertainties, and that exact effects may additionally fluctuate materially from those projected within the forward-looking statements. here dialogue should be read in conjunction with the consolidated financial statements and notes to those fiscal statements included elsewhere during this file. 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We proceed to support our legacy consumers and appear to transform them to FreeStor, however this can most likely be the ultimate essential liberate for the legacy products with minor releases still planned as well as compatibility with infrastructure updates. We present flexibility in licensing and payment buildings, and subsequently the product income for some transactions are being diagnosed ratably over the contractual protection term. We predict to continue this adaptability going forward, and also predict that the number of transactions with bendy revenue phrases will enhance over time, which might outcomes in variable durations for recognizing the profits. in addition, our FreeStor platform is essentially offered on a subscription primarily based providing with revenue cognizance recorded over the time period of the subscription. Our guide and renovation profits is also identified ratably over the term of the help and upkeep agreement. 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As a part of our evaluation of all of our operations to maximize rate reductions with out sacrificing sales, and in reference to our enterprise companion application, we continuously evaluation our relationship with each and every of our resellers in all areas. We decided to focal point on handiest these resellers who've the abilities, personnel and networks to determine skills shoppers and to provider our end clients. Bookings for the 12 months ended December 31, 2016 totaled $30.0 million, in comparison with $38.9 million for the yr ended December 31, 2015. For the 12 months ended December 31, 2016, bookings for the complete FreeStor expertise and subscription-primarily based platform extended seventy three% compared to the equal duration of 2015. 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We even have costs for application support, revenue and advertising, and well-known and administrative features. whereas our working margins continue to be impacted by means of one-time gadgets, affects from alterations in our licensing mannequin and product transitions, our effects aren't reflective of our internal aims and we continue to seem for tactics to enhance our working efficiencies. typically, we seem to operating income as one other measure of our development. This quantity enables us to measure and to compare our outcomes of operations from one year to the next. operating loss for 2016 became $10.three million, compared with an working loss of $1.three million in 2015. included in our operating loss for 2015 changed into $11.3 million of profits as a result of the joint-building settlement. net loss for the year ended December 31, 2016 changed into $11.0 million, in comparison with a internet lack of $1.9 million for the 12 months ended December 31, 2015. As of December 31, 2016 and 2015, about 67% and seventy three% of our deferred earnings incorporates amounts because of future help and renovation of our products, respectively, and approximately 33% and 27% of deferred earnings incorporates quantities as a result of product revenues, respectively. Our deferred income reduced eight% from $25.7 million at December 31, 2015 to $23.7 million at December 31, 2016. Deferred salary might be an important key metric to measure our success in starting to be our enterprise from a suitable line standpoint as we count on certain product sales in 2017 to be diagnosed ratably beneath the terms of the arrangements and the licensing mannequin of FreeStor as a subscription-based term license. we now have incurred enormous working losses within the old eight years and negative cash circulation from operations in five of the previous eight years. We at present have a working capital deficiency of $10.5 million, which is inclusive of current deferred income of $15.2 million, and a stockholders' deficit of $21.7 million. all through the year ended December 31, 2016, we incurred a web loss of $eleven.0 million and poor money move from operations of $9.4 million. Our total money steadiness at December 31, 2016 is $three.four million, a lower of $10.0 million as in comparison to December 31, 2015. moreover these financial metrics, as of December 31, 2016, we had been now not in compliance with the financial covenants of the collection A redeemable convertible favored inventory, which can be mutually agreed to annually, for 2 consecutive quarters. This breach provides the sequence A redeemable convertible preferred stockholders with the right to require us to redeem any of the sequence A redeemable convertible favored inventory at the greater of a hundred% of the cited cost plus accumulated and unpaid dividends or the made of the number of shares of general stock underlying the collection A redeemable convertible favored stock and the closing fee of our normal inventory as of December 31, 2016. to date, the holders of the series A redeemable convertible favorite inventory have neither exercised nor waived this correct and for that reason this right may be exercised at any time. in addition, the holders of the collection A redeemable convertible preferred inventory have the right to request a redemption of the collection A redeemable convertible favored inventory on or after August 5, 2017. If the holders request that the sequence A redeemable convertible favorite inventory be redeemed, we may additionally not have sufficient liquidity to undertake the redemption. If we don't redeem the collection A redeemable convertible favourite stock, the holders of the sequence A redeemable convertible favorite stock can pursue different cures. seek advice from observe (eight) series A Redeemable Convertible favorite stock to our consolidated economic statements for additional discussion related to these different remedies. Our decreased money stability and history of losses each in and of itself, and in combination with the redemption rights of the holders of the series A redeemable convertible favorite stock, lift significant doubt about our means to proceed as a going situation inside 12 months after March 10, 2017 (the date that these monetary statements were issued). accordingly, the monetary statements as of December 31, 2016, blanketed in this Annual record on kind 10-ok were organized beneath the assumption that we'll continue as a going difficulty for the subsequent twelve months. Our skill to continue as a going problem, including within the experience of a redemption request through the holder, depends on our ability to execute our marketing strategy, raise profits and billings and in the reduction of expenditures. right through 2016, we persisted to center of attention on aligning our price structure with income expectations which included tighter expense controls and average operational efficiencies which better align our present marketing strategy on a run-fee groundwork. These efficiencies consist of amongst different gadgets, circulate-lined personnel connected charges and world overhead charges and efficiencies realized on our redesigned go-to-market coverage models. we have decreased our global headcount to 166 employees as of December 31, 2016, in comparison with 226 personnel as of December 31, 2015. although, the decline in earnings over the ultimate twelve months mixed with the separation fees involving the headcount discounts have reduced the impact of those discounts in operating fees, thereby no longer reaching the expected reduction of quarterly money burn rate. There is not any assurance that we may be a hit in producing sufficient revenue or carrying on with to reduce operating costs. furthermore, to the extent that we proceed to incur losses, we could need to searching for further financing and there can also be no assurance that we might be able to reap financing or that such financing will be on favorable terms. any such financing can be dilutive to our shareholders. Failure to generate adequate revenue, billings, handle or cut back charges and/or the lack of ability to acquire financing will outcome in an inability of us to continue as a going situation. We proceed to appreciate share-based compensation fee in connection with the issuance of equity-based awards as a part of our commonplace company operations. On an on-going basis we weigh the have an effect on of the expense on our consolidated financial statements in opposition t the have an effect on of discontinuing the furnish of fairness-primarily based compensation to our global body of workers. It continues to be our view that the possibility to participate in the increase of our business is an important motivating and retention tool for our existing personnel and a valuable recruiting tool for brand spanking new employees. we will therefore proceed to observe the standards and the methodology we've used in the past to investigate grants of stock alternatives or other fairness-based awards to our employees. For the management of our business and the review of our growth, we will proceed to seem to our outcomes excluding share-based compensation rate and different restricted non-working concentrated costs of the enterprise. we can use these non-GAAP financial measures in making operating choices as a result of they measure the outcomes of our day-to-day operations and because they deliver a more constant groundwork for evaluating and comparing our consequences throughout distinct periods. results OF OPERATIONS - FOR THE yr ENDED DECEMBER 31, 2016 in comparison WITH THE year ENDED DECEMBER 31, 2015 Our basic sales center of attention is on promoting application options and structures which contains stand-on my own utility purposes, software built-in with industry common hardware and offered as one finished built-in answer or offered on a subscription or consumption foundation. due to this fact, our revenue is categorized as both: (i) product salary, or (ii) support and functions income. Product earnings carries both integrated solutions and stand-by myself software income. guide and features earnings contains each renovation revenue and professional features earnings. complete earnings for the 12 months ended December 31, 2016 diminished 38% to $30.three million, in comparison with $48.6 million for the yr ended December 31, 2015. This decrease changed into partly as a result of $eleven.3 million of profits recorded right through 2015 linked to our joint development settlement which did not repeat in 2016. except for the income concerning our joint building settlement, complete salary lowered 19% to $30.three million for the year ended December 31, 2016, compared with $37.three million for the 12 months ended December 31, 2015. Our charge of profits decreased 14% to $8.three million for the 12 months ended December 31, 2016, in comparison with $9.7 million for the year ended December 31, 2015. Our operating prices diminished 20% from $forty.2 million for the 12 months ended December 31, 2015 to $32.3 million for the 12 months ended December 31, 2016. covered within the operating outcomes for the years ended December 31, 2016 and 2015 have been; (i) $2.three million and $1.9 million, respectively, of share-based compensation rate; and (ii) $0.2 million of restructuring costs in each and every year. net loss for the year ended December 31, 2016 became $eleven.0 million, compared with $1.9 million for the year ended December 31, 2015. internet loss because of normal stockholders, which contains the effects of the collection A redeemable convertible favored inventory dividends (together with amassed dividends) and accretion, was $13.0 million for the 12 months ended December 31, 2016, compared with $three.3 million for the yr ended December 31, 2015. standard, our complete working prices, diminished $7.9 million, or 20%, to $32.3 million for the 12 months ended December 31, 2016, in comparison with $forty.2 million for the year ended December 31, 2015. This decrease changed into essentially because of our tighter expense controls and standard operational efficiencies which better align our current marketing strategy on a run-price groundwork. These efficiencies include among different items, flow-lined personnel related costs, global overhead charges and efficiencies realized on our redesigned go-to-market insurance models. additionally, the lessen is because of a decrease in expert charges basically related to an investment made in 2014 to penetrate definite market verticals under a one-12 months association, which ended at March 31, 2015. Our worldwide headcount changed into 166 employees as of December 31, 2016, compared with 226 personnel as of December 31, 2015. we will continue to consider the applicable headcount ranges to appropriately align our materials with our latest and long-term outlook and to take actions in areas of the enterprise that could be underperforming. profits year ended December 31, 2016 2015 revenue: Product income $ 10,116,897 $ 24,847,724 guide and capabilities profits 20,146,449 23,723,267 total revenue $ 30,263,346 $ forty eight,570,991 year-over-yr percent exchange Product salary (59)% 40% support and capabilities revenue (15)% (17)% complete percent exchange (38)% 5% Product earnings Product profits is made from earnings of each licenses for our application solutions and income of the systems on which the utility is put in. This comprises stand-alone software purposes and application built-in with industry regular hardware, offered as one complete built-in solution or bought on a subscription or consumption basis. The items are sold through our OEMs, and thru (i) cost-delivered resellers, (ii) distributors, and/or (iii) at once to conclusion-users (collectively "non-OEMs"). These revenues are identified when all the relevant criteria beneath accounting principles generally authorized in the u.s. are met. Product salary decreased 59% from $24.8 million for the year ended December 31, 2015 to $10.1 million for the yr ended December 31, 2016, primarily due to a total of $eleven.three million of product revenue identified throughout 2015 regarding our joint building contract which didn't repeat in 2016. apart from product revenue from the joint development contract, product income for the 12 months ended December 31, 2016 reduced 25% to $10.1 million, compared with $13.6 million for the 12 months ended December 31, 2015. Product salary represented 33% and 51% of our complete earnings for the years ended December 31, 2016 and 2015, respectively. except the joint development contract salary, product revenue from our OEM partners multiplied $0.2 million, whereas product earnings from non-OEM partners decreased $3.4 million for the yr ended December 31, 2016, compared with the identical length in 2015. The decline in product earnings from our non-OEM channel became primarily because of, (i) challenges in acquiring new consumers, (ii) a lower in the extent of income from our legacy product line(s), and (iii) the mixture of deals the place revenue is recognized ratably over the term of the associated preservation contract, in place of upon transaction completion and product beginning. Product profits from our non-OEM partners represented seventy two% and 44% of our total product profits for the years ended December 31, 2016 and 2015, respectively. Product salary from our OEM companions represented 28% and 56% of our total product earnings for the years ended December 31, 2016 and 2015, respectively. apart from the joint development agreement product salary, our non-OEM partners and OEM companions represented eighty% and 20%, respectively, of our total product earnings for the year ended December 31, 2015. We continue to invest in our product portfolio by using clean and updating our current product strains and constructing our subsequent era of inventive product offerings to power our earnings quantity in aid of our long-term outlook. guide and features earnings aid and capabilities revenue is made out of profits from (i) protection and technical aid functions, (ii) expert services basically related to the implementation of our application, and (iii) engineering features. salary derived from maintenance and technical assist contracts are deferred and recognized ratably over the contractual upkeep term. skilled services revenue is recognized within the length that the linked services are carried out or over the contractual time period if supplier-specific aim facts ("VSOE") does not exist for all undelivered facets. Engineering features are diagnosed upon customer acceptance or over the ultimate contract term if VSOE does not exist for the closing deliverables upon acceptance. aid and features profits diminished 15% from $23.7 million for the yr ended December 31, 2015 to $20.1 million for the year ended December 31, 2016. The lessen in assist and features profits changed into attributable to decreases in both preservation and technical support functions income and expert services income. preservation and technical assist features salary diminished from $22.7 million for the year ended December 31, 2015 to $19.four million for a similar duration in 2016. Our upkeep and technical assist service income outcomes essentially from (i) the purchase of preservation and aid contracts via our customers, and Mar 10, 2017 (c) 1995-2017 Cybernet statistics techniques, Inc. 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