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Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Benefits Design and Configuration | 30% | - Plan and configure benefit plans and options - Define rate definitions and contribution calculations - Set up benefit classifications and plan types - Configure eligibility profiles and rules |
| Topic 2: Enrollment and Life Events | 25% | - Configure enrollment rules and default elections - Manage life events and qualifying event processing - Set up enrollment periods and open enrollment - Handle dependent and beneficiary management |
| Topic 3: 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 |
| Topic 4: 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 |
| Topic 5: Integration and Data Migration | 20% | - Integrate Benefits with HCM payroll and HR - Set up HR and payroll integration flows - Configure fast formulas for benefit calculations - Manage benefit data migration and bulk loading |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
1. Termination life event configuration
A) Coverage Start Date: First of the Next Month
B) Intervening life event backed out open event
C) Plan Configuration, Evaluation and Reporting
D) Configurable
2. Explicit, Temporal, Scheduled, Unrestricted
A) Valid type of life event
B) Tasks to prepare for open enrollment
C) Creation of enrollment results
D) Termination life event configuration
3. What rate is used for the flex credit program to adjust the total cost of the program?
A) Rollover Rate
B) Standard Rollover Rate
C) Standard Primary Rate
D) Standard Secondary Rate
4. Hours Worked, Full-Time Equivalent, Compensation
A) Rate visibility issue
B) Valid type of life event
C) Derived factor types
D) Creation of enrollment results
5. Annual Health Insurance, Monthly Health Insurance
A) Termination Life Event configuration
B) Reinstatement rule events
C) Overspending in flex credit shell plans
D) Global Health Plan options
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: D |
