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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:

SectionWeightObjectives
Topic 1: Financial Reporting Compliance Configuration25%- Configure perspectives for security and reporting
- Configure pod environment
- Set up job and duty roles
- Define data security policies
Topic 2: Advanced Controls Setup25%- Implement Advanced Financial Controls
- Import/export data and validate templates
- Implement Advanced Access Controls
- Initial configuration of Advanced Controls
Topic 3: Models, Controls & Assessments20%- 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 & Reporting15%- 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 Planning15%- Assemble risk control matrix data
- Gather implementation requirements
- Understand architecture and components

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The official Oracle Risk Management Cloud 2019 Implementation Essentials outline distributes its emphasis like this:
  • Financial Reporting Compliance Configuration (25%)
  • Issues, Security & Reporting (15%)
  • Risk Management Cloud Overview & Implementation Planning (15%)
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No mandatory prerequisites; recommended hands-on experience with Oracle Risk Management Cloud and related modules

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.
Reveal Solution  Discussion  0

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
Reveal Solution  Discussion  0

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.
Reveal Solution  Discussion  0

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.
Reveal Solution  Discussion  0

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.
Reveal Solution  Discussion  0

Correct Answer: A,B,D  🗳️

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