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Oracle 1Z0-1058-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Risk & Controls Management | 20% | - Control testing and certification - Define risks, controls, and frameworks - Deficiency and issue management |
| Security & Workflow Configuration | 15% | - Set up review and approval workflows - Troubleshoot common issues - Manage security policies and access |
| Implementation Overview & Best Practices | 10% | - Data migration and change management - Gather implementation requirements - Plan and execute testing |
| Advanced Controls & Transaction Models | 20% | - Simulation and remediation - Build and configure transaction models - Advanced access controls setup |
| Assessment & Result Management | 15% | - Analyze and manage results - Run planned and ad-hoc assessments - Create assessment templates and plans |
| Financial Reporting Compliance Configuration | 20% | - Manage perspectives and lookups - Import/export risk and control data - Configure pod and security roles |
Oracle Risk Management Cloud 2021 Implementation Essentials 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. Perform impromptu assessments for the two controls.
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. Initiate a planned assessment and include the two controls as part of the same assessment.
Question 2
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 Manage Module Perspectives screen
C. The Manage Object Perspectives screen
D. The Create Perspectives screen
E. The Create Control screen
Question 3
Which three tasks should be completed before starting the Financial Reporting Compliance implementation?
(Choose three.)
A. Create a project plan with objectives, goals, and exit criteria.
B. Complete control review and assessment for one period/cycle with the actual business owners.
C. Plan to go-live with a simple scope and later expand the solution to include additional business units/organizations/compliance frameworks.
D. Identify Financial Reporting Compliance users for everyday use, administration, and sustained use.
E. Migrate the organization's existing risk and control matrixinto Financial Reporting Compliance.
Question 4
Which two would need to happen in order for Advanced Access Controls (AAC) to automatically assign a status of "Closed" to an access incident? (Choose two.)
A. A global condition was added that resolves the conflict and a subsequent evaluation of controls finds that the incident no longer exists.
B. The incident is resolved using simulation in AAC and a subsequent evaluation of controls finds that the incident no longer exists.
C. A user sets the Status of the incident to "Resolved".
D. A usersets the State of the incident to "Remediate".
E. The incident is resolved in Fusion Cloud and a subsequent evaluation of controls finds that the incident no longer exists.
Question 5
You are implementing Advanced Access Controls for a client who wants to limit the seeded job role
"Application Access Auditor". This job role should NOT include system configuration duties, but allows the user to monitor jobs schedules forAdvanced Controls.
After the seeded job role is copied, that two duty roles should be removed to comply with the access restrictions? (Choose two.)
A. Access Model Manager
B. Access Control Manager
C. Access incident Results Manager
D. Advanced Control System Administrator
E. Application Data Source Manager
Solutions:
| Question 1 Answer: B,C,D | Question 2 Answer: D | Question 3 Answer: B,C,D | Question 4 Answer: D,E | Question 5 Answer: A,C |

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