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Oracle 1Z0-1058-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Financial Reporting Compliance Configuration | 20% | - Manage perspectives and lookups - Import/export risk and control data - Configure pod and security roles |
| Risk & Controls Management | 20% | - Control testing and certification - Deficiency and issue management - Define risks, controls, and frameworks |
| Assessment & Result Management | 15% | - Run planned and ad-hoc assessments - Create assessment templates and plans - Analyze and manage results |
| Advanced Controls & Transaction Models | 20% | - Build and configure transaction models - Simulation and remediation - Advanced access controls setup |
| Implementation Overview & Best Practices | 10% | - Data migration and change management - Plan and execute testing - Gather implementation requirements |
| Security & Workflow Configuration | 15% | - Manage security policies and access - Set up review and approval workflows - Troubleshoot common issues |
Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:
1. A user has created and submitted a new control and the state of the control is "In Review." The user expected that the control state would change to "Approved." Why is the control not in the "Approved" state?
A) The Control Reviewer role has been assigned to some users.
B) This user is not a Control Approver; therefore, the status will be "In Review."
C) The Control Approver role has been assigned to someusers.
D) New controls must always be reviewed, irrespective of security configuration.
2. Which three steps can be performed by using the Configure Module Objectspages? (Choose three.)
A) Choose display (or hide) configurable options for: results, events, consequences and treatments.
B) Create object data import templates.
C) View assessment response details for all assessment types.
D) Edit the assessment activity question and guidance text for all assessment types.
E) Set "object-perspective" association.
3. 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 and include the two controls as part of the same assessment.
B) Enable impromptu assessments during configuration of module objects.
C) Initiate two plannedassessments, one for each control.
D) Initiate a planned assessment that includes all controls assigned to perspective P2P.
E) Perform impromptu assessments for the two controls.
4. Which controls can user A manage for the following Control Manager role Configuration? See details of perspective trees and control-perspective association below.
A) Allcontrols
B) None
C) Controls 1, 2, and 4
D) Controls 2 and 4
E) Controls 1 and 2
5. An organization has a list of companies with which they no longer wish to do business. The list is not stored in their ERP Could but is stored in a file.
Whichtransaction model will identify payments made to these companies?
A) You cannot define this model because imported objects from a file cannot be used with delivered objects.
B) Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payables Invoice" object. Once both objects are in your model, add this standard filter: the "Payables Invoice" object's "Supplier Name" equals the custom object's "Company Name".
C) Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payment" object. One both objects are in your model, add this standard filter: the "Payment" object's "Remit to Supplier Name" is similar to the custom object's "Company Name" by 95%.
D) Add a configurable attribute "Company Name" to Oracle's pre-built "Payment" object. Then add this standard filter: "Remit to Supplier Name" equals "Company Name".
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,C,E | Question # 3 Answer: B,C,D | Question # 4 Answer: E | Question # 5 Answer: B |








