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

1Z0-1053-21 real exams

Exam Code: 1Z0-1053-21

Exam Name: Oracle Benefits Cloud 2021 Implementation Essentials

Updated: Aug 13, 2026

Q & A: 62 Questions and Answers

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Oracle 1Z0-1053-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Security and Administration- Role-based access and security model
  • 1. Data security policies
    • 2. Benefits administrator roles
      Topic 2: Plan and Program Configuration- Benefit programs and plan design
      • 1. Coverage and enrollment rules
        • 2. Plan types and options
          Topic 3: Fast Formulas and Calculations- Benefits Fast Formulas usage
          • 1. Custom business rules implementation
            • 2. Eligibility and rate calculations
              Topic 4: Reporting and Maintenance- Benefits reporting and analytics
              • 1. Standard reports and dashboards
                • 2. Ongoing maintenance tasks
                  Topic 5: Enrollment and Life Events- Life event processing
                  • 1. Enrollment flows and changes
                    • 2. Event-triggered updates
                      Topic 6: Payroll and Financial Integration- Integration with payroll systems
                      • 1. Deductions and costing setup
                        • 2. Accounting and reporting flows
                          Topic 7: Benefits Cloud Overview- Architecture and key concepts of Oracle Benefits Cloud
                          • 1. Benefits framework components
                            • 2. Integration within Oracle HCM Cloud
                              Topic 8: Eligibility and Profiles- Eligibility Profiles setup and usage
                              • 1. Profile management and assignments
                                • 2. Derived factors and eligibility criteria

                                  Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

                                  1. Which three areas contain tasks to prepare for an open enrollment period?

                                  A) Payroll Calculation work area
                                  B) Enrollment and My Information work areas
                                  C) Person Management work area
                                  D) Evaluation and Reporting work areas
                                  E) Plan Configuration work area


                                  2. 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 date on which default benefits assignments are made.
                                  B) It is the first day of the open enrollment period.
                                  C) It is the effective date of the open event and the date on which eligibilityis evaluated.
                                  D) It Is the last day of the open enrollment period.


                                  3. XX Global Health Plan has multiple options attached.
                                  * Option i: XX Annual Health Insurance
                                  * Option 2: Monthly Health Insurance
                                  The plan cycle starts every year from April 1 to March 31. An employee opted for this plan on July 1, 2015 and his employment service was terminated on Oct 25, 2015- Business wants to trigger a Termination life event on the 12th of the termination month for the employee, irrespective of the actual termination date, for payroll reasons.
                                  Which is the correct configuration for the Life event - Termination?

                                  A) Configure Termination as a Life event underthe Enrollment tab of XX Global Health Plan, with "As of event date" as the enrollment period start date.
                                  B) Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
                                  "Formula" as the enrollment period start date, attaching a customized Enrollment Opportunity type formula.
                                  C) Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Mid of the month" as the enrollment period start date.
                                  D) Configure Termination as a Lifeevent under the Enrollment tab of XX Global Health Plan with
                                  "Formula" as the enrollment period start date, attaching a customized Enrollment period start date type formula.
                                  E) Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with
                                  "Number of Days from the event" as the enrollment period start date and the number field as 15.


                                  4. A company wantsto display the following text on its Benefit Employee Self Service:
                                  "Your core annual holiday benefit comprises 20 days of holidays and 8 public holidays. You can purchase additional days through the." How do you configure this?

                                  A) Configure plan type grouping display -> administration usage -> self-service description text
                                  B) Configure plan type grouping display -> self-service usage -> self-service description text
                                  C) Manage enrollment authorization -> self-service usage -> self-service description text
                                  D) Manage enrollment authorization -> administration usage -> self-service description text


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


                                  Solutions:

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

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