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Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
| Core Benefits Setup | 10% | - Understand Oracle Benefits Cloud architecture
- Define carrier and third-party integrations
- Configure organization and plan year structures
- Set up benefit plan components and hierarchies
|
| Enrollment and Life Events | 25% | - Set up enrollment periods and open enrollment
- Handle dependent and beneficiary management
- Manage life events and qualifying event processing
- Configure enrollment rules and default elections
|
| Reporting and Administration | 15% | - Configure flex credit and cost sharing
- Manage self-service benefit enrollments
- Create and manage benefit reports and analytics
- Administer benefit elections and updates
|
| Benefits Design and Configuration | 30% | - Set up benefit classifications and plan types
- Define rate definitions and contribution calculations
- Configure eligibility profiles and rules
- Plan and configure benefit plans and options
|
| Integration and Data Migration | 20% | - Manage benefit data migration and bulk loading
- Configure fast formulas for benefit calculations
- Integrate Benefits with HCM payroll and HR
- Set up HR and payroll integration flows
|
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
1. Coverage Start Date: First of the Next Month
A) Valid type of life event
B) Global health plan options
C) Life event start date
D) Termination life event configuration
2. Your customer wants to create an explicit life event that can be used only in two specific legal entities. How do you accomplish this requirement?
A) On the Create Life Event page under Additional Information, leave the Self-Assigned check box blank and add specific legal entities.
B) On the Create Life Event page under Additional Information, select the Self-Assigned check box and add specific legal entities.
C) On the Create Life Event page under General Information, select the Global check box and add specific legal entities.
D) On the Create Life Event page under General Information, leave the Global check box blank and add specific legal entities.
3. Which statement about Waive options is true?
A) Waive options are options into which employees ate compulsorily enrolled in case they do not complete the requited action items like certification, entering date of birth, etc.
B) Waive options are used when employees do not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
C) Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
D) Waive options are options which do not require any dependent/beneficiary designation.
4. Which two statements are true about Enrollment Authorizations?
A) They are optional to implement. If implemented, performing the authorization task is optional for the participant.
B) If they are implemented, participants must read and accept the terms provided in the text before they are able to enroll.
C) They appear several times if the participant enters self-service multiple times for a single life event.
D) They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.
E) They appear only the first time that the participant enters self-service enrollment for multiple life events.
5. How do you set up a Termination life event to end coverage at the end of the month?
A) Coverage and Rate Date Ranges:Coverage Start Date: First of the MonthPrevious Coverage End Date: End of the Month
B) Coverage and Rate Date Ranges:Coverage Start Date: End of the MonthPrevious Coverage End Date: First of the Next Month
C) Coverage and Rate Date Ranges:Coverage Start Date: First of the Next MonthPrevious Coverage End Date: End of the Month
D) Coverage and Pate Date Ranges:Coverage Start Date: End of the MonthPrevious Coverage End Date: End of the Month
Solutions:
Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: A,D | Question # 5 Answer: C |