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Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Core Benefits Setup | 10% | - Configure organization and plan year structures - Define carrier and third-party integrations - Understand Oracle Benefits Cloud architecture - Set up benefit plan components and hierarchies |
| Topic 2: Enrollment and Life Events | 25% | - Manage life events and qualifying event processing - Set up enrollment periods and open enrollment - Handle dependent and beneficiary management - Configure enrollment rules and default elections |
| Topic 3: Integration and Data Migration | 20% | - Integrate Benefits with HCM payroll and HR - Configure fast formulas for benefit calculations - Set up HR and payroll integration flows - Manage benefit data migration and bulk loading |
| Topic 4: Reporting and Administration | 15% | - Administer benefit elections and updates - Create and manage benefit reports and analytics - Configure flex credit and cost sharing - Manage self-service benefit enrollments |
| Topic 5: Benefits Design and Configuration | 30% | - Set up benefit classifications and plan types - Plan and configure benefit plans and options - Define rate definitions and contribution calculations - Configure eligibility profiles and rules |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
Question 1
The company has the following two plans:
1. Life Insurance Plan with Option 1: Employee only and Option 2: Employee Plus Family
2. Medical Insurance Plan with Option 1: Employee only. Option 2: Employee Plus Spouse, and Option 3: Employee Plus Spouse Plus Child The company wants to automatically enroll salaried employees into Medical Insurance Option 3: Employee plus Spouse plus Child, if the employee has enrolled into Life Insurance Plan Option 2: Employee Plus family.
Which is the correct configuration for this scenario?
A. Configure the eligibility profile with parameter - Person Type > Employee and Employment tab > Salaried or Hourly as Salaried. Related coverage > Eligible for another plan and attach this to both the plans..
B. Configure the eligibility profile with parameter - Personal > Person Type > Employee and Employment tab > Salaried o. Hourly as Salaried" Related coverage > Eligible in another option in plan and attach this to both the plans.
C. Configure the eligibility profile with parameter- Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
D. Configure the eligibility profile with parameter Person Type > Employee and Employment tab > Salaried or Hourly as Salaried and attach this to both the plans.
Question 2
Plan Configuration, Evaluation and Reporting
A. Valid type of life event
B. Tasks to prepare for open enrollment
C. Number of train stops on benefits enrollment page
D. Overspending in flex credit shell plans
Question 3
A company has XX Fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in three production instances. The company wants to run enrollment for executives and send the data for internal discussion. How can the benefits admin perform this task?
A. Create a default life event for this task XX Admin Life event. Attach it to the plan. Then trigger the life event and enroll into a
B. Create a default life event for this task XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to the program. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
C. Create a default life event for this task XX Admin Life event. Create a separate eligibility profile. Then enroll the first of executives into a sample data and send the summary reports to the company.
Question 4
Which is not a derived factor type?
A. Hours Worked
B. Full-Time Equivalent
C. Compensation
D. Grade
Question 5
Given that premiums are calculated on a monthly basis in accordance with the most common business of benefit suppliers. What can you define so that participants who are covered by a plan for less than a full have no premium obligation?
A. Standard Coverage Value
B. Standard Wash Rule Formula
C. Standard Input Value
D. Standard Rate Value
Solutions:
| Question 1 Answer: C | Question 2 Answer: B | Question 3 Answer: C | Question 4 Answer: D | Question 5 Answer: B |
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