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Oracle 1z0-1058-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Assessments, Issues and Reporting | 15% | - Create and manage assessments - Generate reports and dashboards - Monitor compliance and controls - Track and resolve issues |
| Security and Access Management | 20% | - Assign users and roles - Security requirements and model - Audit and review security - Define job, duty and data roles |
| Risk Management Implementation Requirements | 15% | - Plan security and configuration - Gather implementation requirements - Overview of Oracle Risk Management Cloud - Identify key use cases |
| Financial Reporting Compliance Configuration | 25% | - Configure module objects - Data migration and import/export - Manage lookups and flexfields - Initial environment setup |
| Advanced Controls Configuration | 25% | - Define filters, functions and patterns - Configure access controls - Manage results and incidents - Configure financial controls |
Oracle Risk Management Cloud 2023 Implementation Professional Sample Questions:
Question #1
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. Enable impromptu assessments during configuration of module objects.
B. Initiate a planned assessment that includes all controls assigned to perspective P2P.
C. Perform impromptu assessments for the two controls.
D. Initiate a planned assessment and include the two controls as part of the same assessment.
E. Initiate two planned assessments, one for each control.
Question #2
You have five business units in our company, BU1 through BU5. You want to build a transaction model to identify suppliers who have been paid more than $100,000 USD across all business units except BU5.
Which two filters must be combined? (Choose two.)
A. Add a standard filter where the "Payment" object's "Organization ID" equals BU1, BU2, BU3, BU4.
B. Add a function filter grouping by "Organization ID" where the sum of "Payment Amount" is greater than 100,000.
C. Add a function filter grouping by "Supplier ID" where the sum of "Payment Amount" is greater than
100,000.
D. Add a standard filter where the "Payment" object's "Organization ID" equals BU5, and advanced option
"Exclude" is checked.
E. Add a standard filter where the "Payment" object's "Organization ID" is equal to itself.
Question #3
You are helping your client identify and define their controls. You have determined that your client requires two perspectives: Business Units and Regulatory Standards.
The controls are going to be secured by the business unit, and you want to ensure that when the client defines new controls, it is mandatory to assign a Business Units perspective to the control. You are going to set the
"Required" field to "yes" for the Control-Business Units association.
Where do you do this in the product?
A. The Import template
B. The Create Control screen
C. The Create Perspectives screen
D. The Manage Object Perspectives screen
E. The Manage Module Perspectives screen
Question #4
Which part of the security structure cannot be created or viewed from the Security Console, when configuring security for Financial Reporting Compliance?
A. Job Role Perspective Policy
B. Functional Security Policy
C. Data Security Policy
D. Composite Duty Role
Question #5
You are advising your client on design and configuration related to how access incident results will be viewed and managed. The client has provided a list of business requirements:
* Incident results can be viewed by Department
* Groups of investigators receive assigned incidents based on Department
* Must ensure systematically that no incident is unassigned to an investigator Which three must be configured to support these requirements? (Choose three.)
A. Investigators are assigned job roles with custom Department perspective data roles attached for managing incidents. Other incident users are assigned job roles with custom Department perspective data roles attached for viewing only.
B. Worklist assignment Result Investigator should be set to "All Eligible Users"
C. Investigators are assigned job roles with custom Department perspective data roles attached. Other incident users receive job roles which only allow viewing of incidents.
D. Custom perspective for Department linked to the Results object with Required set to "Yes"
E. Custom perspective for Department linked to the Results object with Required set to "No"
F. Worklist assignment Result Investigator should be set to specific users.
Solutions:
| Question #1 Correct Answer: C,D,E | Question #2 Correct Answer: A,C | Question #3 Correct Answer: D | Question #4 Correct Answer: A | Question #5 Correct Answer: B,C,F |


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