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Oracle 1Z1-958 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Analysis and Reporting | - Reporting Tools
|
| Topic 2: Risk Management Cloud Overview | - Introduction to Oracle Risk Management Cloud
|
| Topic 3: Advanced Access Controls | - Segregation of Duties (SoD)
|
| Topic 4: Advanced Financial Controls | - Control Results Analysis
|
Oracle Risk Management Cloud 2018 Sample Questions:
1. 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.
2. A Control Manager has changed the status of an issue to "In Remediation" and has submitted it.
What will be the state of the Issue if there is no issue validator, reviewer, or approver configured?
A) In Edit
B) Approved
C) Reported
D) Active
E) In Review
3. You have defined an initial Perspective Hierarchy for your client in the Advanced Controls module. After refining their business requirements, your client wants to expand the existing hierarchy to include 150 perspective items in various levels. For efficient processing, you decide to use the GRC data migration feature to import the new items.
Which three are valid processing steps required to define the export file? (Choose three.)
A) Click the Create Import Template button.
B) Generate Template as Without Data.
C) Navigate to Manage Module Perspectives.
D) Generate Template as Without Data - Perspectives Only.
E) Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.
4. The internal auditor advised the Control Owner of North America to perform assessment for two P2P controls.
Which three steps can the Control Owner perform to kick-off assessments for only those two controls?
(Choose three.)
A) Initiate a planned assessment that includes all controls assigned to perspective P2P.
B) Enable impromptu assessments during configuration of module objects.
C) Initiate two planned assessments, one for each control.
D) Perform impromptu assessments for the two controls.
E) Initiate a planned assessment and include the two controls as part of the same assessment.
5. You completed the data migration successfully. You created 100 controls, an Organization Perspective, and relationship of controls to the Organization Perspective. All controls are related to one perspective item. The Control Manager logs in to the application to view the new controls, yet there are none available for his or her review.
Identify three reasons for this. (Choose three.)
A) There was no Control Type associated with the controls.
B) The Perspective Hierarchy is not in the Approved state.
C) The Perspective Hierarchy was not associated to the Control Object.
D) No risks were mapped to the imported controls.
E) The Control Manager was not given the correct data security policy to access the controls.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: B,C,E | Question # 4 Answer: A,B,C | Question # 5 Answer: A,D,E |






