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Oracle 1Z0-1053-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Fast Formulas and Calculations- Benefits Fast Formulas usage
  • 1. Eligibility and rate calculations
    • 2. Custom business rules implementation
      Topic 2: Plan and Program Configuration- Benefit programs and plan design
      • 1. Plan types and options
        • 2. Coverage and enrollment rules
          Topic 3: Enrollment and Life Events- Life event processing
          • 1. Enrollment flows and changes
            • 2. Event-triggered updates
              Topic 4: Eligibility and Profiles- Eligibility Profiles setup and usage
              • 1. Derived factors and eligibility criteria
                • 2. Profile management and assignments
                  Topic 5: Benefits Cloud Overview- Architecture and key concepts of Oracle Benefits Cloud
                  • 1. Integration within Oracle HCM Cloud
                    • 2. Benefits framework components
                      Topic 6: Payroll and Financial Integration- Integration with payroll systems
                      • 1. Deductions and costing setup
                        • 2. Accounting and reporting flows
                          Topic 7: Security and Administration- Role-based access and security model
                          • 1. Data security policies
                            • 2. Benefits administrator roles
                              Topic 8: Reporting and Maintenance- Benefits reporting and analytics
                              • 1. Ongoing maintenance tasks
                                • 2. Standard reports and dashboards

                                  Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

                                  1. Which is NOT a derivedfactor type?

                                  A) Compensation
                                  B) Full-Time Equivalent
                                  C) Grade
                                  D) Hours Worked


                                  2. A company has XX fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in 3 production instance. The company wants to run enrollment for executives and send the data for internal discussion.
                                  How can the benefits administrator perform this task?

                                  A) 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.
                                  B) 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 sample data, and send the summary reports to the company.
                                  C) Create a default life event for this I ask XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to all the plans. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
                                  D) 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 dataand send the summary reports to the company.


                                  3. An organization has a requirement to restrict Beneficiary Distributions to a percentage with a maximum of
                                  100%. However, the distribution should be in multiples of 10.
                                  Which statement about this requirement is true?

                                  A) This requirement can be achieved through customization only.
                                  B) This requirement can be completely achieved with configuration only.
                                  C) This requirement cannot be achieved in the current system offerings.
                                  D) This requirement cannot be achieved with configurations, and would require custom Fast Formula.


                                  4. An employee logs in from employee self-service and navigates to the benefits section. However, the employee is unable to find the desired plan in the benefits section. Which two are possible reasons the plan does not appear:

                                  A) Nooption is available for the plan for enrollment.
                                  B) No unrestricted event is available for the employee.
                                  C) No life event is detected.
                                  D) The employee is not eligible for the enrollment.


                                  5. A Global Dental Plan has the following options attached to it:
                                  Option 1: Employee Only
                                  Option 2: Employee Plus Spouse
                                  Option 3: Employee Plus Spouse Plus Children
                                  The company wants an employee to select only one option which will be restricted for two years. After two
                                  /ears the employee will get an opportunity to enroll into a new GlobalDental Plan. For example, an employee was hired on July 23, 2015 and enrolled into the plan. The employee cannot make a new selection until July 2i,
                                  2017 as the plan is restricted.
                                  How can you configure this scenario for the company?

                                  A) Configure a New hire life event to the Global Dental Plan with an enrollment period start date as of event date. Then configure the limitation to minimum 2 years at the plan tab.
                                  B) Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period start date as of event date. Configure the limitation to minimum 2 years at all three option levels. Then configure a person selection formula type with the logic of creating an enrollment opportunity every 2 years.
                                  C) Configure a New hire with the addition of child and Marriage life events to the Global Dental plan with an period start date as of event data. Configure the limitation to minimum 2 years at all three option levels.
                                  D) Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period1 date as Formula, Configure the limitation to minimum 2 years at the plan tab.


                                  Solutions:

                                  Question # 1
                                  Answer: C
                                  Question # 2
                                  Answer: B
                                  Question # 3
                                  Answer: C
                                  Question # 4
                                  Answer: B
                                  Question # 5
                                  Answer: B

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