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

1Z0-1053-21
  • Exam Code: 1Z0-1053-21
  • Exam Name: Oracle Benefits Cloud 2021 Implementation Essentials
  • Updated: Sep 11, 2026
  • Q & A: 62 Questions and Answers

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Oracle 1Z0-1053-21 Exam Syllabus Topics:

SectionObjectives
Payroll and Financial Integration- Integration with payroll systems
  • 1. Deductions and costing setup
    • 2. Accounting and reporting flows
      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. Custom business rules implementation
            • 2. Eligibility and rate calculations
              Benefits Cloud Overview- Architecture and key concepts of Oracle Benefits Cloud
              • 1. Benefits framework components
                • 2. Integration within Oracle HCM Cloud
                  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
                          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. Standard reports and dashboards
                                • 2. Ongoing maintenance tasks

                                  Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

                                  Question #1

                                  A plan is created for a calendar year from January 1, 2017 and ends on December 31, 2017. The company wants to create an event on the occurrence of life event date.
                                  What will be the life event start date?

                                  • A. as of enrollment start date
                                  • B. as of event start date
                                  • C. as of coverage start date
                                  • D. as of rate start date
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

                                  Question #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 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 first day of the open enrollment period.
                                  • D. It Is the last day of the open enrollment period.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  Question #3

                                  Which statement about configuring Designation Requirements is true?

                                  • A. A Designation Requirement can be configured for a plan with no option.
                                  • B. A Designation Requirement cannot be configured for a plan with no option.
                                  • C. A plan must have multiple options for Designation Requirement to be configured.
                                  • D. A plan must have the waive option for Designation Requirement to be configured.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Question #4

                                  Which is NOT a valid type of life event?

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

                                  Correct Answer: B  🗳️

                                  Explanation: Only visible for Exam4Tests members. You can sign-up / login (it's free).

                                  Question #5

                                  What are the different types of open enrollment options available under Scheduled tab in program?

                                  • A. Open All and Unrestricted All
                                  • B. Open New Hire Enrollment and Unrestricted New Hire Enrollment
                                  • C. Open Scheduled and Unrestricted Scheduled
                                  • D. Open Enrollment and Open Unrestricted Enrollment
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

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