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Oracle 1Z1-1058 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Risk Management Cloud 2019 Implementation Essentials |
| Exam Number: | 1Z0-1058 |
| Certificate Validity Period: | Until product version retirement |
| Available Languages: | English |
| Exam Format: | Multiple Select, Multiple Choice |
| Exam Price: | USD 245 |
| Related Certifications: | Oracle Financials Cloud Oracle Governance, Risk and Compliance (GRC) Cloud |
| Passing Score: | 68% |
| Real Exam Qty: | 50 |
| Exam Duration: | 90 minutes |
| Recommended Training: | Oracle Risk Management Cloud 2019 Implementation Training |
| Exam Registration: | Pearson VUE Registration Oracle Certification Portal |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or onsite at Pearson VUE testing centers |
| Pre Condition: | No mandatory prerequisites; recommended hands-on experience with Oracle Risk Management Cloud and related modules |
| Official Syllabus URL: | https://education.oracle.com/oracle-risk-management-cloud-2019-implementation-essentials/pexam_1Z0-1058 |
Oracle 1Z1-1058 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Financial Reporting Compliance Configuration | 25% | - Configure perspectives for security and reporting - Configure pod environment - Set up job and duty roles - Define data security policies |
| Topic 2: Advanced Controls Setup | 25% | - Implement Advanced Financial Controls - Import/export data and validate templates - Implement Advanced Access Controls - Initial configuration of Advanced Controls |
| Topic 3: Models, Controls & Assessments | 20% | - Initiate planned and ad-hoc assessments - Create and manage models and controls - Manage assessment results and remediation - Build assessment templates and plans |
| Topic 4: Issues, Security & Reporting | 15% | - Set up lookups and perspectives - Manage issue lifecycle and resolution - Troubleshoot common configuration errors - Configure security for issues and objects |
| Topic 5: Risk Management Cloud Overview & Implementation Planning | 15% | - Assemble risk control matrix data - Gather implementation requirements - Understand architecture and components |
Studying for 1Z1-1058 Without Paper and Without Borders
- Financial Reporting Compliance Configuration (25%)
- Issues, Security & Reporting (15%)
- Risk Management Cloud Overview & Implementation Planning (15%)
Oracle Risk Management Cloud 2019 Implementation Essentials Sample Questions:
Which two activities can be performed using Financial Reporting Compliance? (Choose two.)
- A. Provide self-service access to reporting and analysis against financial transactions.
- B. Review control assessment results, along with any effectiveness issues found.
- C. Conduct intuitive audits of general ledger balances with journal details.
- D. Gain real-time access to live financial data and proactively resolve issues.
- E. Review and approve the accuracy and completeness of control descriptions.
- F. Continuously monitor financial transactions and role-based remediation of transaction incidents.
Correct Answer: E,F 🗳️
Which controls can user A access and manage for the following Control Manager role configuration? See details of perspective trees and control-perspective association below.
- A. All controls
- B. Only Control 1
- C. Controls 1, 2, and 3
- D. None
- E. Controls 2 and 3
Correct Answer: E 🗳️
Which three tasks should be completed before starting the Financial Reporting Compliance implementation?
(Choose three.)
- A. Plan to go-live with a simple scope and later expand the solution to include additional business units/organizations/compliance frameworks.
- B. Identify Financial Reporting Compliance users for everyday use, administration, and sustained use.
- C. Create a project plan with objectives, goals, and exit criteria.
- D. Complete control review and assessment for one period/cycle with the actual business owners.
- E. Migrate the organization's existing risk and control matrix into Financial Reporting Compliance.
Correct Answer: A,B,D 🗳️
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 process objects.
- B. You can relate only control objects.
- C. You can relate a new process and a new control.
- D. You can relate only an existing control, but not a new control.
Correct Answer: C 🗳️
Which three are true about implementing a best practice solution for Financial Reporting Compliance?
(Choose three.)
- A. It promotes successful adoption and minimizes on-going cost of operation.
- B. It promotes rapid implementation and go-live.
- C. It promotes go-live with minimal acceptance testing and user training.
- D. It provides maximum return on investment with minimum project risk.
- E. Large scope of project requires high effort for maintenance and administration.
Correct Answer: A,B,D 🗳️
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