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Oracle 1Z0-1058-21 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Risk Management Cloud 2021 Implementation Essentials |
| Exam Number: | 1z0-1058-21 |
| Certificate Validity Period: | Perpetual |
| Passing Score: | 60% |
| Available Languages: | English |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle Cloud Applications Certification |
| Exam Price: | USD 245 |
| Exam Format: | Multiple Choice |
| Real Exam Qty: | 70 |
| Sample Questions: | Oracle 1Z0-1058-21 Sample Questions |
| Exam Way: | Online proctored testing at Pearson VUE centers or through Oracle's online proctoring system |
| Pre Condition: | Basic knowledge of Oracle Cloud applications and risk management concepts recommended. Familiarity with financial compliance and regulatory frameworks is beneficial. |
| Official Syllabus URL: | https://education.oracle.com/oracle-risk-management-cloud-2021-implementation-essentials-exam/ |
Oracle 1Z0-1058-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Configuring Oracle Risk Management Cloud | 20% | - Set up the application including users, roles, and security - Configure integration with external systems - Implement risk management configurations - Define organization structure and business hierarchy |
| Topic 2: Testing and Implementation Best Practices | 10% | - Data migration considerations - Plan and execute implementation testing - Change management and user adoption |
| Topic 3: Reporting and Analytics | 10% | - Generate standard and custom reports - Create dashboards and visualizations - Use analytics for risk insights |
| Topic 4: Issues and Action Plans | 15% | - Manage issues lifecycle - Create and track action plans - Issue remediation and closure |
| Topic 5: Controls Management | 20% | - Design and implement control frameworks - Control testing and certification - Control deficiency management - Map controls to risks |
| Topic 6: Risk Management Core Functions | 25% | - Create and manage risk registers - Perform risk assessment and scoring - Define risk taxonomy and categories - Implement risk response and treatment plans |
Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:
1. You are implementing Advanced Financial Controls and you want to identify suspect transactions where the payment amount is less than $20 USD. However, you only want the results returned to be temporary.
What will you build in order to accomplish your objective?
A) Template
B) Filter
C) Business object
D) Model
E) Control
2. Which two filters must be combined to identify different suppliers who use the same taxpayer ID? (Choose two.)
A) Function filter grouping by "Taxpayer ID" where count is greater than 1.
B) Standard filter where the "Supplier" object's "Supplier ID" is equal to itself.
C) Standard filter where the "Supplier" object's "Allow Withholding Tax" is not blank.
D) Function filter grouping by "Supplier ID" where count is greater than 1.
E) Standard filter where the "Supplier" object's "Taxpayer ID" is not blank.
3. The GRC Business owner responsible for reviewing and investigating access incidents related to the "Order to Cash" perspective does not see any worklists for the generated results. You have validated that:
1. Other business owners are able to view their assigned worklists without any problem
2. Incidents have been generated for the controls related to Order to Cash
3. The business owner's assigned roles contain the correct functional privileges and data access to the correct perspective values What is the reason the business owner cannot see any worklists for the generated incidents?
A) The underlying model is not linked to Order to Cash.
B) The business owner was recently assigned the role and the worklist needs to be refreshed.
C) Worklist assignment does not include the business owner.
D) The Control Perspectives are not linked to the control.
E) The Result Management Perspective Assignment has not been linked.
4. 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 updated test plans will become available during the assessment.
B) The assessment will be associated with the version of the testplans from the time of assessment initiation.
C) The scheduled assessment process will end in error.
D) The user will have the option to select the older or newer versions of the test plans during the assessment process.
5. Which two options can be assigned to a duty role? (Choose two.)
A) Data Security Policy
B) Functional Security Policy
C) Job Role
D) Abstract Role
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D,E | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: A,B |
By Hubery
