Exam Name: Oracle Benefits Cloud 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Benefits Cloud
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Oracle 1Z0-1053-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Reporting and Administration | 15% | - Manage self-service benefit enrollments - Configure flex credit and cost sharing - Administer benefit elections and updates - Create and manage benefit reports and analytics |
| Topic 2: Core Benefits Setup | 10% | - Configure organization and plan year structures - Understand Oracle Benefits Cloud architecture - Set up benefit plan components and hierarchies - Define carrier and third-party integrations |
| Topic 3: Benefits Design and Configuration | 30% | - Configure eligibility profiles and rules - Set up benefit classifications and plan types - Define rate definitions and contribution calculations - Plan and configure benefit plans and options |
| Topic 4: 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 |
| Topic 5: Integration and Data Migration | 20% | - Manage benefit data migration and bulk loading - Configure fast formulas for benefit calculations - Set up HR and payroll integration flows - Integrate Benefits with HCM payroll and HR |
Oracle Benefits Cloud 2023 Implementation Professional Sample Questions:
Which three areas contain tasks to prepare for an open enrollment period?
- A. Plan Configuration work area
- B. Payroll Calculation work area
- C. Enrollment and My Information work areas
- D. Evaluation and Reporting work areas
- E. Person Management work area
Correct Answer: A,C,D 🗳️
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January 31, 2017
- A. Valid type of life event
- B. Overspending in flex credit shell plans
- C. Tasks to prepare for open enrollment
- D. Coverage start date for employee
Correct Answer: D 🗳️
This is the configuration of a collapsing life event rule:
Life event = Marriage & Dependent
Operator = AND
Resulting Event Name = Dependent
Life Event Occurred Date = Earliest Life Event Occurred Date
Proximity Days = 0
You run the collapsing rule in the scenario:
1. Marriage event occurs on August 1, 2015.
2. Dependent event occurs on August 1, 2015.
What is the result?
- A. The collapsing rule runs the Dependent event, evaluates the Marriage event, and assigns its occurred date to August 1, 2015.
- B. The collapsing rule runs the Marriage event, evaluates the Dependent event, and assigns its occurred date to August 1, 2015.
- C. The collapsing rule voids the Dependent event, evaluates the Marriage event, and assigns Its occurred date to August 1. 2015.
- D. The collapsing rule voids the Marriage event, evaluates the Dependent event, and assigns Its occurred date to August 1, ?015.
Correct Answer: C 🗳️
Number of train stops on Benefits Enrollment page
- A. Customizable
- B. Internally Developed
- C. Enterprise Systems
- D. Configurable
Correct Answer: D 🗳️
You are a benefits consultant implementing for a company that offers a life Insurance plan for employees with only one option -Employee Plus Family. The rate for this option is dependent on various factor5 like age/smoking status/gender:
A female employee in the under 40 age group, who is a smoker, wants to purchase $100,000 of life insurance. The plan would be 2.1 (100,000 * 0.21/1000), considering 5100,000 is the coverage she opts for. The calculation is -> {Coverage* [{Rate applied as per gender/smoking status/ aqe)/1000l).
How can you configure a rate for the company's plan?
- A. Configure an eligibility profile with age-derived factors. Attach it to the plan. Then create a standard fate with the calculation method as Multiple of Coverage.
- B. Configure a fast formula calling this table. Configure a secondary standard rate with the calculation method as Formula. Then create another standard rate with type and the calculation method aS Multiple of Parent.
- C. Configure a secondary rate with the calculation method as Multiple of Coverage.
- D. Configure a primary rate with the calculation method as Multiple of Coverage.
Correct Answer: A 🗳️
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