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Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Core Benefits Setup | 10% | - Plan year and organizational structure configuration - Benefits Cloud architecture and components - Carrier and third-party integration setup |
| Eligibility and Life Events | 25% | - Collapsing rules and event processing - Enrollment eligibility and restriction setup - Life event types, triggers and processing rules |
| Benefits Design and Configuration | 30% | - Rate definitions, contributions and calculations - Plan types, classifications, programs and options creation - Eligibility profiles and rule definition |
| Integration, Administration and Reporting | 10% | - Reporting, analytics and enrollment results - Integration with HR and Payroll modules - Benefits extracts, data transmission and billing |
| Enrollment and Processing | 25% | - Flex credits, cost sharing and coverage setup - Enrollment rules, periods and default elections - Self-service enrollment configuration |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
1. Which two are program types when you configure Flex Credits?
A) Flex
B) Core
C) Other Credits
D) Flex Credits and Core
2. Hours Worked, Full-Time Equivalent, Compensation
A) Valid type of life event
B) Rate visibility issue
C) Creation of enrollment results
D) Derived factor types
3. 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: First of the Next MonthPrevious Coverage End Date: End of the Month
C) Coverage and Pate Date Ranges:Coverage Start Date: End of the MonthPrevious Coverage End Date: End of the Month
D) Coverage and Rate Date Ranges:Coverage Start Date: End of the MonthPrevious Coverage End Date: First of the Next Month
4. This is the configuration of a collapsing life event rule:
Life event = Marriage & Dependent
Operator = AND
Resulting Event Name = Dependent
Life Event Occurred Date = Earliest Life Event Occurred Date
Proximity Days = 0
You run the collapsing rule in the scenario:
1. Marriage event occurs on August 1, 2015.
2. Dependent event occurs on August 1, 2015.
What is the result?
A) The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to August 1, 2015.
B) The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.
C) The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.
D) The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.
5. Which statement about Waive options is true?
A) Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
B) 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.
C) Waive options are options which do not require any dependent/beneficiary designation.
D) Waive options are used when employees do not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |
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