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Oracle Benefits Cloud 2021 Implementation Essentials : 1Z0-1053-21

1Z0-1053-21
  • Exam Code: 1Z0-1053-21
  • Exam Name: Oracle Benefits Cloud 2021 Implementation Essentials
  • Updated: Jul 29, 2026
  • Q & A: 62 Questions and Answers
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Oracle 1Z0-1053-21 Exam Syllabus Topics:

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

                                  Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

                                  1. Can you upload student and disability status for multiple persons at one time?

                                  A) Yes, it can be accomplished by creating a benefit group.
                                  B) Yes, it can be accomplished through the spreadsheet loader.
                                  C) Yes, it can be accomplishedthrough a benefit administrator task.
                                  D) No, this option isn't available.


                                  2. What rate is used for the flex creditprogram to adjust the total cost of the program?

                                  A) Standard Primary Rate
                                  B) Rollover Rate
                                  C) Standard Rollover Rate
                                  D) Standard Secondary Rate


                                  3. 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 last day of the open enrollment period.
                                  C) It is the first day of the open enrollment period.
                                  D) It is the date on which default benefits assignments are made.


                                  4. Given that premiums are calculated on a monthly basis in accordance with the most common business of benefit suppliers.
                                  What can you define so that participants who are covered by a plan for less than a full have no premium obligation?

                                  A) Standard Rate Value
                                  B) Standard Coverage Volume
                                  C) Standard wash Rule formula
                                  D) Standard input Value


                                  5. Which two statements are correct with respect to required action in the eligibility profile?

                                  A) If some but not all profiles arerequired, then all required profiles must be satisfied and at least one optional profile must also be satisfied.
                                  B) If all profiles are requited, then at least one of the profiles must be satisfied.
                                  C) If only one eligibility profile is added to an object,then the criteria in that profile may or may not be satisfied, even if the Required option is not selected.
                                  D) If all profiles are optional, then at least one of the profiles must be satisfied.


                                  Solutions:

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

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