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Oracle 1Z0-1053-21 Exam Syllabus Topics:

Section	Objectives
Security and Administration	- Role-based access and security model 1. Benefits administrator roles 2. Data security policies
Reporting and Maintenance	- Benefits reporting and analytics 1. Standard reports and dashboards 2. Ongoing maintenance tasks
Benefits Cloud Overview	- Architecture and key concepts of Oracle Benefits Cloud 1. Benefits framework components 2. Integration within Oracle HCM Cloud
Eligibility and Profiles	- Eligibility Profiles setup and usage 1. Derived factors and eligibility criteria 2. Profile management and assignments
Fast Formulas and Calculations	- Benefits Fast Formulas usage 1. Custom business rules implementation 2. Eligibility and rate calculations
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. Plan types and options 2. Coverage and enrollment rules
Payroll and Financial Integration	- Integration with payroll systems 1. Accounting and reporting flows 2. Deductions and costing setup

Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

Question 1

What are the number of train stops available in the Benefits Enrollment self-service page for plan/program enrollment?

A. 5
B. 6
C. 7
D. The number of train stops can be configured.

Question 2

An organization has a scheduled open period for Life Insurance plan from January 1st to the 31st. The important dates defined while configuring the scheduled open life event are:
1) Enrollment Period Start Date - January 1, 201/
2) Enrollment Period End Date - January 31, 2017
3) Assign Defaults Date - January 31, 2017
4) Assigned Life Event Date - January 15, 2017
5) Coverage Start Date - Latest of elections, event or notified
The batch process to assign the open life event was run effective December 28, 2016. An employee makes an election on January 22, 2017.
What is the coverage start date for this employee?

A. December 28, 2016
B. January 15, 2017
C. January 31, 2017
D. January 22, 2017

Question 3

Which two are correct processes regarding performing the Benefits Extractsetup?

A. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
B. Configure the carrier names for plan types, plans, andoption using the Manage Plan Carriers task.
C. Configure plan carrier details and extract options using the Manage Plan Carriers task.
D. Extract benefits enrollment information into a single XML file for each plan carrier.
E. Extract benefits enrollment information into separate XML files for each plan and plan carrier.

Question 4

Which two statements are true about Enrollment Authorizations?

A. They appear several times if the participant enters self-service multiple times for a single life event.
B. They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.
C. They are optional to implement. If implemented, performing the authorization task is optional for the participant.
D. If they are implemented, participants must readand accept the terms provided in the text before they are able to enroll.
E. They appear only the first time that the participant entersself-service enrollment for multiple life events.

Question 5

A company offers a benefits plan to its employees that includes:
1) Health coverage plan for employee and family
2) Top up health coverageplan at extra premium
3) Life insurance plan for employee and family
4) In Network Dental Insurance plan
5) Out of network Dental insurance plan
6) Eye care plan
How many plan types do you need to configure for this customer?

A. 5
B. 3
C. 6
D. 4

Solutions:

Question 1
Answer: D

Question 2
Answer: C

Question 3
Answer: C,D

Question 4
Answer: C,E

Question 5
Answer: B