Oracle Fast Formulas are a powerful feature within the Oracle HCM Cloud suite used to define and customize business logic. They are generic, reusable expressions for calculations, validations, and comparisons that can be applied repeatedly with different inputs (B). A primary purpose of Fast Formulas is to extend the standard functionality of the application by allowing organizations to implement complex business rules not delivered out-of-the-box (C). Their application is widespread across numerous HCM modules, including Payroll, Benefits, Compensation, Absence Management, and Time and Labor, making them a tool used throughout the application (A).

D. Are easy to write and can be created by a functional user.

Writing Fast Formulas requires technical knowledge of a specific syntax, database items (DBIs), contexts, and the application's data structure, which is typically beyond the skill set of a standard functional user.

1. Oracle Fusion Cloud HCM

Using Fast Formulas (Release 24B)

Chapter 1: Overview of Formulas.

Supporting A: This chapter lists the various HCM products that use formulas: "Absence Management

Benefits

Compensation

Global Human Resources

Global Payroll

Time and Labor." This confirms their use throughout the application's modules.

Supporting B & C: The document states

"You can use formulas in a variety of ways

such as to calculate a payroll run

define rules for paid time off

or validate a field on a page." This describes their use as generic expressions (B) to extend application logic (C).

Refuting D: The "Who Uses Formulas?" section notes

"To write formulas

you must understand the formula syntax and the application database." This indicates a requirement for technical expertise not typically held by a functional user.

2. Oracle Fusion Cloud HCM

Implementing Global Payroll (Release 24B)

Chapter 10: Formulas.

Supporting A

B

C: This document details how formulas are fundamental to the payroll process for defining calculation logic

rules for earnings and deductions

and other payroll-specific logic. It states

"Use formulas to calculate payrolls

define custom rules for skipping or paying an element

and for many other purposes." This reinforces that formulas are reusable calculations (B) that extend the software's capabilities (C) and are integral to specific modules like Payroll (A).