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Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Enrollment and Life Events | 25% | - Handle dependent and beneficiary management - Manage life events and qualifying event processing - Configure enrollment rules and default elections - Set up enrollment periods and open enrollment |
| Integration and Data Migration | 20% | - Configure fast formulas for benefit calculations - Set up HR and payroll integration flows - Manage benefit data migration and bulk loading - Integrate Benefits with HCM payroll and HR |
| Reporting and Administration | 15% | - Manage self-service benefit enrollments - Create and manage benefit reports and analytics - Administer benefit elections and updates - Configure flex credit and cost sharing |
| Core Benefits Setup | 10% | - Set up benefit plan components and hierarchies - Understand Oracle Benefits Cloud architecture - Define carrier and third-party integrations - Configure organization and plan year structures |
| Benefits Design and Configuration | 30% | - Define rate definitions and contribution calculations - Set up benefit classifications and plan types - Plan and configure benefit plans and options - Configure eligibility profiles and rules |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
1. Which two statements are correct with respect to required action in the eligibility profile?
A) If only one eligibility profile is added to an object, then the criteria in that profile may or may not be satisfied, even if the Required option is not selected.
B) If all profiles are optional, then at least one of the profiles must be satisfied.
C) If some but not all profiles are required, then all required profiles must be satisfied and at least one optional profile must also be satisfied.
D) If all profiles are requited, then at least one of the profiles must be satisfied.
2. How do you set up a Termination life event to end coverage at the end of the month?
A) Coverage and Pate Date Ranges:Coverage Start Date: End of the MonthPrevious Coverage End Date: End of the Month
B) Coverage and Rate Date Ranges:Coverage Start Date: First of the Next MonthPrevious Coverage End Date: End of the Month
C) Coverage and Rate Date Ranges:Coverage Start Date: First of the MonthPrevious Coverage End Date: End of the Month
D) Coverage and Rate Date Ranges:Coverage Start Date: End of the MonthPrevious Coverage End Date: First of the Next Month
3. Intervening life event backed out open event
A) Reinstatement rule events
B) Rate visibility issue
C) Termination life event configuration
D) Termination life event configuration
4. Given that premiums are calculated on a monthly basis in accordance with the most common business of benefit suppliers. What can you define so that participants who are covered by a plan for less than a full have no premium obligation?
A) Standard Wash Rule Formula
B) Standard Rate Value
C) Standard Coverage Value
D) Standard Input Value
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 event start date
B) as of coverage start date
C) as of enrollment start date
D) as of rate start date
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A |
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