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Oracle 1Z0-1053-21 Exam Syllabus Topics:

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

                                  Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

                                  1. Given:
                                  1. A benefits administrator entered a New Hire event on May 1, 2015. The life event originally occurred on January 1, 2015.
                                  2. The Transfer event occurred on January 10, 20lb.
                                  3. TheTimeliness rule was configured for both life events to 90 days and the collapsing rule was also set When the participation evaluation process runs on May 5, 2015, the process does NOT evaluate the Marriage event or collapse any events.
                                  Which two are reasons for this?

                                  A) No collapsing rule was set.
                                  B) The employee is not eligible for life events.
                                  C) The process doesn't evaluate other events that occur later than the Marriage event until you decide what action to take for that event.
                                  D) The Marriage eventoccurred before the Transfer event.


                                  2. When you add an open scheduled event to a program of plans not in the program, what is the significance or the Assigned Life Event Date?

                                  A) It is the effective date of the open event and the date on which eligibilityis evaluated.
                                  B) It is the first day of the open enrollment period.
                                  C) It is the date on which default benefits assignments are made.
                                  D) It Is the last day of the open enrollment period.


                                  3. 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.


                                  4. A company offers its employees a choice of four plans within a health insurance plan type. However, the company wants to compulsorily enroll an employee into one plan.
                                  What must the minimum and maximum plan limit be set at Plan Type level?

                                  A) Min = 0, Max = 0
                                  B) Min = 0, Max = 1
                                  C) Min = 1, Max - 1
                                  D) Min = 1, Max = 2


                                  5. An organization wants a dedicated Train Stop for Dependent/Beneficiary Designation. How can you meet this requirement?

                                  A) Dependent/Beneficiary designation can only be doneon the plan enrollment page (where an employee chooses options). So, this cannot be achieved.
                                  B) This can be achieved via customization only.
                                  C) This can be achieved via configuration.
                                  D) This cannot be achieved.


                                  Solutions:

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

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