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Oracle 1Z0-1053-21 Exam Syllabus Topics:

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

                                  Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

                                  Question 1

                                  Which two are correct processes regarding performing the Benefits Extractsetup?

                                  A. Configure plan carrier details and extract options using the Manage Plan Carriers task.
                                  B. Extract benefits enrollment information into a single XML file for each plan carrier.
                                  C. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
                                  D. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
                                  E. Configure the carrier names for plan types, plans, andoption using the Manage Plan Carriers task.


                                  Question 2

                                  A plan is created for a calendar year from January 1, 2017 and ends on December 31, 2017. The company wants to create an event on the occurrence of life event date.
                                  What will be the life event start date?

                                  A. as of coverage start date
                                  B. as of enrollment start date
                                  C. as of event start date
                                  D. as of rate start date


                                  Question 3

                                  A benefits administrator processed an enrollment for one employee, and manually added the life event "XYZ" as of August 1, 2016. Since there were two more life events in the detected phase as of August 15, 2016, the benefits administrator clicked "Collapse Life Event". Upon processing the life event tab, the benefits administrator received an error saying two or more life events were in the detected phase.
                                  Why did the collapsing rule fail?

                                  A. The life event had expired.
                                  B. The number of proximity days was specified as 0.
                                  C. The number of proximity days was specified as 20.
                                  D. The number of proximity days was specified as 15.


                                  Question 4

                                  A benefits administrator can see these statuses of life events-
                                  1. New Hire processed on 28-Apr-2016.
                                  2. Marriage detected on 1-Jun-2016.
                                  What do these statuses imply?

                                  A. New Hire IF is complete and closed. Marriage LE is triggered and has made elections.
                                  B. New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
                                  C. New Hire LE is complete but not closed. Marriage LE is triggered but has not yet made elections.
                                  D. New Hire LE is complete and closed. Marriage LE is triggered because of the data change.


                                  Question 5

                                  Your customer wants its employees to submit signed hard copies of confirmation while managing benefits online from Benefits Self-Set vice.
                                  How do you accomplish this requirement?

                                  A. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
                                  B. Select Display Signature in the Confirmation section while managing Benefits Self-Service configuration.
                                  C. Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
                                  D. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
                                  E. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.


                                  Solutions:

                                  Question 1
                                  Answer: A,B
                                  Question 2
                                  Answer: C
                                  Question 3
                                  Answer: D
                                  Question 4
                                  Answer: D
                                  Question 5
                                  Answer: E

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