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Oracle 1z0-1058-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Advanced Financial Controls | - Transaction analysis
|
| Topic 2: Financial Reporting Compliance | - Controls and assessments
|
| Topic 3: Advanced Access Controls | - Access modeling
|
| Topic 4: Risk Management Cloud Overview | - Introduction to Oracle Risk Management Cloud
|
Oracle Risk Management Cloud 2023 Implementation Professional Sample Questions:
You have scheduled quarterly assessments for a Control object at the beginning of the year with future dates.
However, the test plans associated with the Control object were updated before the assessment could be started. Which statement is true about this scenario?
- A. The scheduled assessment process will end in error.
- B. The assessment will be associated with the version of the test plans from the time of assessment initiation.
- C. The updated test plans will become available during the assessment.
- D. The user will have the option to select the older or newer versions of the test plans during the assessment process.
Correct Answer: B π³οΈ
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
Your customer needs to conduct monthly Operational Effectiveness assessments for controls across two organizations (North America and EMEA). Your customer requires that assessment results for North America be accessible only to users in North America and likewise for EMEA. Additionally, the Chief Risk Officer reviews the assessment results by Business Process every week.
How should you design perspectives to achieve this?
- A. Use both Region and Business Process hierarchies solely for reporting purposes.
- B. Use the Region hierarchy for security and the Business Process hierarchy for reporting of controls.
- C. Use the Region hierarchy initially, and later use both Region and Business Process hierarchies for security.
- D. Use the Business Process hierarchy for security and the Region hierarchy for reporting of controls.
Correct Answer: B π³οΈ
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
Which two should you determine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)
- A. Identify lookup values that need to be created for Control, Risk, and Issue Type fields.
- B. Identify users who will be responsible for creating and maintaining controls and/or risks.
- C. Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.
- D. Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.
Correct Answer: B,D π³οΈ
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
You need to schedule the report "Access Violations by User." Which two steps do you take to create the saved parameters for the report schedule? (Choose two.)
- A. Click Save Report Parameters to create saved settings.
- B. Navigate to Administration Reports.
- C. Navigate to Scheduling under Setup and Administration.
- D. Highlight the report name and click Run Now.
- E. Select Display Scheduled Reports.
Correct Answer: A,D π³οΈ
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
You can relate objects in Financial Reporting Compliance. Which statement is true about editing or creating related objects in the Related Objects section on the Risk Definition page?
- A. You can relate only control objects.
- B. You can relate only an existing control, but not a new control.
- C. You can relate a new process and a new control.
- D. You can relate only process objects.
Correct Answer: C π³οΈ
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).






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