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Oracle 1Z0-1053-21 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Benefits Cloud 2021 Implementation Essentials
Exam Number:1Z0-1053-21
Real Exam Qty:50-60
Available Languages:English
Exam Price:$245 USD
Exam Format:Multiple Choice, Multiple Response
Certificate Validity Period:18 months
Related Certifications:Oracle Cloud HCM
Passing Score:68%
Exam Duration:90 minutes
Recommended Training:Oracle Benefits Cloud Training
Exam Registration:Oracle Certification Registration
Sample Questions:Oracle 1Z0-1053-21 Sample Questions
Exam Way:Online proctored or authorized test center
Pre Condition:Recommended knowledge of Oracle HCM Cloud fundamentals and HR processes
Official Syllabus URL:https://education.oracle.com/

Oracle 1Z0-1053-21 Exam Syllabus Topics:

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

                                  Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

                                  Question #1

                                  How do you configure the link between the payroll module and benefits?

                                  • A. Link the payroll to the plan coverage.
                                  • B. Link the element to the plan rate.
                                  • C. Link the payroll to the plan salary basis.
                                  • D. Link the element to the plan coverage.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

                                  Question #2

                                  An organization wants a dedicated Train Stop for Dependent/Beneficiary Designation. How can you meet this requirement?

                                  • A. This can be achieved via customization only.
                                  • B. This cannot be achieved.
                                  • C. This can be achieved via configuration.
                                  • D. Dependent/Beneficiary designation can only be doneon the plan enrollment page (where an employee chooses options). So, this cannot be achieved.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Question #3

                                  Which benefit object must be created prior to creating an option?

                                  • A. Coverage
                                  • B. Rate
                                  • C. Plan Type
                                  • D. Plan
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

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                                  Question #4

                                  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 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.
                                  • B. 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.
                                  • C. 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.
                                  • D. 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.
                                  • E. 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.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

                                  Question #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 completely achieved with configuration only.
                                  • C. This requirement cannot be achieved with configurations, and would require custom Fast Formula.
                                  • D. This requirement can be achieved through customization only.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

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