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Oracle 1Z0-1053-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Benefits Design and Configuration30%- Rate definitions, contributions and calculations
- Plan types, classifications, programs and options creation
- Eligibility profiles and rule definition
Topic 2: Core Benefits Setup10%- Benefits Cloud architecture and components
- Carrier and third-party integration setup
- Plan year and organizational structure configuration
Topic 3: Integration, Administration and Reporting10%- Reporting, analytics and enrollment results
- Integration with HR and Payroll modules
- Benefits extracts, data transmission and billing
Topic 4: Eligibility and Life Events25%- Enrollment eligibility and restriction setup
- Life event types, triggers and processing rules
- Collapsing rules and event processing
Topic 5: Enrollment and Processing25%- Flex credits, cost sharing and coverage setup
- Self-service enrollment configuration
- Enrollment rules, periods and default elections

Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:

1. Rate is inactive

A) Reinstatement rule events
B) Rate visibility issue
C) Valid type of life event
D) Creation of enrollment results


2. How do you configure the link between the payroll module and benefits?

A) Link the element to the plan rate.
B) Link the payroll to the plan coverage.
C) Link the element to the plan coverage.
D) Link the payroll to the plan salary basis.


3. 1The benefits administrator has configured five rates for five different legal entities. After implementation, an employee logs into the benefit self service. When selecting a plan, the employee cannot see the assigned rate amount to the plan under the rate section.
Why can''t the employee see the assigned rate amount?

A) The rate amount Is a variable rate for the employee,s legal employer.
B) The rate amount is not configured for the employee,s specific legal employer.
C) The rate amount is of the unit of measure "Money".
D) The rate amount "Assign on Enrollment" is enabled for five legal entities.


4. Can you define overspending of a budget pool in flex credit shell plans?

A) Yes, you can define it in the standard rates.
B) No, you do not have a place holder.
C) Yes, you can define it in the spending options.
D) Yes, you can define it as per the flex credit formula.


5. The reinstatement rule enables you to restore elections during which two events?

A) The open event was backed out by the administrator from the Benefits Service Center.
B) The intervening life event activated the open event.
C) An intervening life event backed out the open event.
D) The open event was accidentally backed out.


Solutions:

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

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