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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
Passing Score:68%
Real Exam Qty:50-60
Exam Price:$245 USD
Certificate Validity Period:18 months
Available Languages:English
Related Certifications:Oracle Cloud HCM
Exam Format:Multiple Choice, Multiple Response
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: Benefits Cloud Overview- Architecture and key concepts of Oracle Benefits Cloud
  • 1. Integration within Oracle HCM Cloud
    • 2. Benefits framework components
      Topic 2: Enrollment and Life Events- Life event processing
      • 1. Event-triggered updates
        • 2. Enrollment flows and changes
          Topic 3: Security and Administration- Role-based access and security model
          • 1. Data security policies
            • 2. Benefits administrator roles
              Topic 4: Reporting and Maintenance- Benefits reporting and analytics
              • 1. Ongoing maintenance tasks
                • 2. Standard reports and dashboards
                  Topic 5: Eligibility and Profiles- Eligibility Profiles setup and usage
                  • 1. Derived factors and eligibility criteria
                    • 2. Profile management and assignments
                      Topic 6: Payroll and Financial Integration- Integration with payroll systems
                      • 1. Accounting and reporting flows
                        • 2. Deductions and costing setup
                          Topic 7: Plan and Program Configuration- Benefit programs and plan design
                          • 1. Plan types and options
                            • 2. Coverage and enrollment rules
                              Topic 8: Fast Formulas and Calculations- Benefits Fast Formulas usage
                              • 1. Custom business rules implementation
                                • 2. Eligibility and rate calculations

                                  Oracle Benefits Cloud 2021 Implementation Essentials Sample Questions:

                                  Question 1

                                  A Global Dental Plan has the following options attached to it:
                                  Option 1: Employee Only
                                  Option 2: Employee Plus Spouse
                                  Option 3: Employee Plus Spouse Plus Children
                                  The company wants an employee to select only one option which will be restricted for two years. After two
                                  /ears the employee will get an opportunity to enroll into a new GlobalDental Plan. For example, an employee was hired on July 23, 2015 and enrolled into the plan. The employee cannot make a new selection until July 2i,
                                  2017 as the plan is restricted.
                                  How can you configure this scenario for the company?

                                  A. Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period1 date as Formula, Configure the limitation to minimum 2 years at the plan tab.
                                  B. Configure a New hire life event to the Global Dental Plan with an enrollment period start date as of event date. Then configure the limitation to minimum 2 years at the plan tab.
                                  C. Configure a New hire with the addition of child and Marriage life events to the Global Dental plan with an period start date as of event data. Configure the limitation to minimum 2 years at all three option levels.
                                  D. Configure a New hire with the addition of child and Marriage life events to the Global Dental Plan with an enrollment period start date as of event date. Configure the limitation to minimum 2 years at all three option levels. Then configure a person selection formula type with the logic of creating an enrollment opportunity every 2 years.


                                  Question 2

                                  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 under the Enrollment tab of XX Global Health Plan with "Mid of the month" as the enrollment period start date.
                                  B. 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.
                                  C. 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.
                                  D. 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.
                                  E. 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.


                                  Question 3

                                  Can you change the column text of primary and secondary rates onthe Benefit self-service page?

                                  A. No, a change option is available in the Configure Grouping Display task, but it doesn't allow a text change.
                                  B. Yes, a change option is available in the Enrollment Configuration task.
                                  C. No, a change option is not available in the Configure Grouping Display task.
                                  D. Yes, a change option is available in the Configure Grouping Displaytask.


                                  Question 4

                                  A benefits consultant implemented a plan for life insurance with the following options:
                                  1. Option 1: Employee only
                                  2. Option 2: Employeeplus spouse
                                  The company wants the plan to be rolled out to all the employees. Therefore, the benefits consultant enabled the Assign on Default button for Option 1.They forgot that some employees may not want to enroll into the plan even though they are eligible.
                                  Where did the benefits consultant go wrong with the implementation?

                                  A. They should not have enabled the Assign on Default button for the options.
                                  B. They should have configured an eligibility fast formula
                                  C. They should have enabled a plan restriction fast formula.
                                  D. They should have created an Option 3: Coverage Declined.


                                  Question 5

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

                                  A. Plan Type
                                  B. Rate
                                  C. Plan
                                  D. Coverage


                                  Solutions:

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

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