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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:

                                  1. 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.


                                  2. 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.


                                  3. 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.


                                  4. 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.


                                  5. Which is NOT a valid type of life event?

                                  A) Restricted
                                  B) Scheduled
                                  C) Unrestricted
                                  D) Temporal
                                  E) Explicit


                                  Solutions:

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

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