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Oracle 1Z0-1053-21 Exam Syllabus Topics:

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

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


                                  2. 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.


                                  3. A company wantsto display the following text on its Benefit Employee Self Service:
                                  "Your core annual holiday benefit comprises 20 days of holidays and 8 public holidays. You can purchase additional days through the." How do you configure this?

                                  A) Configure plan type grouping display -> self-service usage -> self-service description text
                                  B) Configure plan type grouping display -> administration usage -> self-service description text
                                  C) Manage enrollment authorization -> self-service usage -> self-service description text
                                  D) Manage enrollment authorization -> administration usage -> self-service description text


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

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


                                  5. Which three areas contain tasks to prepare for an open enrollment period?

                                  A) Payroll Calculation work area
                                  B) Evaluation and Reporting work areas
                                  C) Enrollment and My Information work areas
                                  D) Plan Configuration work area
                                  E) Person Management work area


                                  Solutions:

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

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