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Oracle 1Z0-1058-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Reporting and Analytics | 10% | - Use analytics for risk insights - Create dashboards and visualizations - Generate standard and custom reports |
| Testing and Implementation Best Practices | 10% | - Data migration considerations - Plan and execute implementation testing - Change management and user adoption |
| Controls Management | 20% | - Control deficiency management - Design and implement control frameworks - Control testing and certification - Map controls to risks |
| Configuring Oracle Risk Management Cloud | 20% | - Set up the application including users, roles, and security - Implement risk management configurations - Configure integration with external systems - Define organization structure and business hierarchy |
| Risk Management Core Functions | 25% | - Create and manage risk registers - Define risk taxonomy and categories - Perform risk assessment and scoring - Implement risk response and treatment plans |
| Issues and Action Plans | 15% | - Manage issues lifecycle - Create and track action plans - Issue remediation and closure |
Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:
1. You need to schedule the report "Access Violations by User." Which two steps do you take to create thesaved parameters for the report schedule? (Choose two.)
A) Select Display Scheduled Reports.
B) Highlight the report name and click Run Now.
C) Navigate to Administration Reports.
D) Navigate to Scheduling under Setup and Administration.
E) Click Save Report Parameters to create savedsettings.
2. A Control Manager has changed the status ofan 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) Reported
B) Active
C) In Edit
D) Approved
E) In Review
3. Which three statements are true about the purpose of perspectives? (Choose three.)
A) Perspectives can be used to define user privileges.
B) Perspectives enable functional security in Financial Reporting Compliance.
C) Perspectives are used to enable data security on Financial Reporting Compliance objects.
D) Perspectives can be used to represent regional hierarchies.
E) Perspectives can be used for categorizing Financial Reporting Compliance objects.
4. You are gathering requirements on how your client performs control assessments. Which three tasks should you complete to set up assessments in Financial Reporting Compliance? (Choose three.)
A) Understand the sample size for each audit test.
B) Determine the main objectives of deploying the control.
C) Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.
D) Determine if control assessments are planned ahead of time or are run impromptu.
E) Identify the type of assessments included in each assessment cycle.
5. Your client has subscribed to Financial Reporting Compliance and would like to address risks using treatment plans.
Which option shows the settings that will help in achieving this configuration?
A) Configure Module Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.
B) Configure Module Objects > Edit Control Object Configuration > Result = Show
C) Configure Module Objects > Edit Risk Object Configuration > Treatment = Show
D) Configure Module Objects > Edit Risk Object Configuration > Treatment = Hide and Default
E) Configure Module Objects > Edit Risk Object Configuration > Result = Show
Solutions:
| Question # 1 Answer: B,E | Question # 2 Answer: A | Question # 3 Answer: B,C,D | Question # 4 Answer: A,C,D | Question # 5 Answer: B |




