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Oracle 1Z0-1053-21 Exam Syllabus Topics:

SectionObjectives
Payroll and Financial Integration- Integration with payroll systems
  • 1. Accounting and reporting flows
    • 2. Deductions and costing setup
      Plan and Program Configuration- Benefit programs and plan design
      • 1. Coverage and enrollment rules
        • 2. Plan types and options
          Reporting and Maintenance- Benefits reporting and analytics
          • 1. Ongoing maintenance tasks
            • 2. Standard reports and dashboards
              Enrollment and Life Events- Life event processing
              • 1. Event-triggered updates
                • 2. Enrollment flows and changes
                  Eligibility and Profiles- Eligibility Profiles setup and usage
                  • 1. Derived factors and eligibility criteria
                    • 2. Profile management and assignments
                      Security and Administration- Role-based access and security model
                      • 1. Benefits administrator roles
                        • 2. Data security policies
                          Fast Formulas and Calculations- Benefits Fast Formulas usage
                          • 1. Eligibility and rate calculations
                            • 2. Custom business rules implementation
                              Benefits Cloud Overview- Architecture and key concepts of Oracle Benefits Cloud
                              • 1. Benefits framework components
                                • 2. Integration within Oracle HCM Cloud

                                  Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

                                  When you add an open scheduled event to a program of plans not in the program, what is the significance or the Assigned Life Event Date?

                                  • A. It is the effective date of the open event and the date on which eligibilityis evaluated.
                                  • B. It is the date on which default benefits assignments are made.
                                  • C. It Is the last day of the open enrollment period.
                                  • D. It is the first day of the open enrollment period.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  A company has XX fusion Benefits Program with seven different plans attached to it. They have gone live with benefits data in 3 production instance. The company wants to run enrollment for executives and send the data for internal discussion.
                                  How can the benefits administrator perform this task?

                                  • A. Create a default life event for this task XX Admin Life event. Create a separate-eligibility profile. Then enroll the first of executives into a sample dataand send the summary reports to the company.
                                  • B. Create a default life event for this I ask XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to all the plans. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
                                  • C. Create a default life event for this task XX Admin Life event. Attach it to the Plan. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
                                  • D. Create a default life event for this task XX Admin Life event. Create a benefit group listing all the executives. Create an eligibility profile with this group and attach it to the program. Then trigger the life event and enroll into a sample data, and send the summary reports to the company.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Your customer decided to use some delivered explicit life events in their business. What is your next step asan HCM Consultant after defining triggers as per the retirement?

                                  • A. Associate the life events with only flexible benefit programs.
                                  • B. Associate the life events with benefit plans or program.
                                  • C. Associate the life events only with benefit plans which are not in a program.
                                  • D. Associate the life events only with benefit plans which are in a program.
                                  • E. Associate the life events only with Core benefit programs.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

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

                                  • A. Link the payroll to the plan coverage.
                                  • B. Link the element to the plan coverage.
                                  • C. Link the element to the plan rate.
                                  • D. Link the payroll to the plan salary basis.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Which is NOT a valid type of life event?

                                  • A. Restricted
                                  • B. Scheduled
                                  • C. Unrestricted
                                  • D. Temporal
                                  • E. Explicit
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

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