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Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Core Benefits Setup | 10% | - Define carrier and third-party integrations - Understand Oracle Benefits Cloud architecture - Configure organization and plan year structures - Set up benefit plan components and hierarchies |
| Integration and Data Migration | 20% | - Manage benefit data migration and bulk loading - Integrate Benefits with HCM payroll and HR - Set up HR and payroll integration flows - Configure fast formulas for benefit calculations |
| Reporting and Administration | 15% | - Manage self-service benefit enrollments - Configure flex credit and cost sharing - Administer benefit elections and updates - Create and manage benefit reports and analytics |
| Benefits Design and Configuration | 30% | - Plan and configure benefit plans and options - Set up benefit classifications and plan types - Define rate definitions and contribution calculations - Configure eligibility profiles and rules |
| Enrollment and Life Events | 25% | - Handle dependent and beneficiary management - Set up enrollment periods and open enrollment - Configure enrollment rules and default elections - Manage life events and qualifying event processing |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
1. Termination life event configuration
A) Configurable
B) Coverage Start Date: First of the Next Month
C) Intervening life event backed out open event
D) Plan Configuration, Evaluation and Reporting
2. Can you define overspending of a budget pool in flex credit shell plans?
A) No, you do not have a place holder.
B) Yes, you can define it in the spending options.
C) Yes, you can define it as per the flex credit formula.
D) Yes, you can define it in the standard rates.
3. The reinstatement rule enables you to restore elections during which two events?
A) The intervening life event activated the open event.
B) The open event was accidentally backed out.
C) The open event was backed out by the administrator from the Benefits Service Center.
D) An intervening life event backed out the open event.
4. Which object is NOT included in benefit export?
A) Element input values
B) Plan not in program configuration
C) Program configuration
D) Eligibility profile
5. 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 rate start date
C) as of enrollment start date
D) as of event start date
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: B,D | Question # 4 Answer: B | Question # 5 Answer: D |
