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

  • Exam Code: 1Z0-1053-21
  • Exam Name: Oracle Benefits Cloud 2021 Implementation Essentials
  • Updated: Jul 31, 2026     Q & A: 62 Questions and Answers

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Oracle 1Z0-1053-21 Exam Syllabus Topics:

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

                                  Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

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

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


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


                                  3. A medical plan (not in program) has the Defined Rate frequency set as Monthly and the Communicated Rate frequency set as Per Pay Period. The pay period is defined as bi-weekly.
                                  The rate has been defined with the calculation method as Flat Amount = 65. The currency defined at the plan is U.S.D. There are 26 payroll periods in the plan's year period.
                                  What is the communicated rate value?

                                  A) 130
                                  B) 30
                                  C) 32.5
                                  D) 40


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

                                  A) Open Scheduled and Unrestricted Scheduled
                                  B) Open All and Unrestricted All
                                  C) Open Enrollment and Open Unrestricted Enrollment
                                  D) Open New Hire Enrollment and Unrestricted New Hire Enrollment


                                  5. An organization has a requirement to restrict Beneficiary Distributions to a percentage with a maximum of
                                  100%. However, the distribution should be in multiples of 10.
                                  Which statement about this requirement is true?

                                  A) This requirement cannot be achieved in the current system offerings.
                                  B) This requirement can be achieved through customization only.
                                  C) This requirement cannot be achieved with configurations, and would require custom Fast Formula.
                                  D) This requirement can be completely achieved with configuration only.


                                  Solutions:

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

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