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Oracle 1Z0-1058-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Reporting and Analytics- Risk Reporting
  • 1. Standard reporting tools
    • 2. Dashboards and analytics
      Topic 2: Advanced Controls- Transaction Controls
      • 1. Preventive and detective controls
        • 2. Rule-based control configuration
          - Control Design and Execution
          • 1. Control testing and monitoring
            • 2. Advanced control definitions
              Topic 3: Risk and Compliance Management- Compliance Monitoring
              • 1. Compliance frameworks
                • 2. Audit and reporting processes
                  - Risk Assessment
                  • 1. Risk identification and scoring
                    • 2. Control effectiveness evaluation
                      Topic 4: Implementation and Testing- Deployment Lifecycle
                      • 1. Testing and validation strategies
                        • 2. Implementation methodology
                          Topic 5: Oracle Risk Management Cloud Overview- Risk Management Framework Concepts
                          • 1. Risk lifecycle and assessment concepts
                            • 2. Governance, Risk, and Compliance (GRC) fundamentals
                              Topic 6: Configuration and Setup- Data Model Configuration
                              • 1. Business objects and data sources
                                • 2. Configuration of risk models
                                  - System Configuration
                                  • 1. Setup of Risk Management Cloud applications
                                    • 2. Security roles and access configuration

                                      Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:

                                      How do you identify Financial Reporting Compliance Cloud's key stakeholders?

                                      • A. Identify users who will create customer invoices, andreceive and apply customer payments.
                                      • B. Identify users who need to create and submit expense reports easily.
                                      • C. Identify executives who need to certify internal controls for SOX or similar mandates.
                                      • D. Identify executives who will manage customer balances and recognize revenue.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

                                      Which two filters must be combined to identify different suppliers who use the same taxpayer ID? (Choose two.)

                                      • A. Standard filter where the "Supplier" object's "Supplier ID" is equal to itself.
                                      • B. Function filter grouping by "Supplier ID" where count is greater than 1.
                                      • C. Standard filter where the "Supplier" object's "Allow Withholding Tax" is not blank.
                                      • D. Standard filter where the "Supplier" object's "Taxpayer ID" is not blank.
                                      • E. Function filter grouping by "Taxpayer ID" where count is greater than 1.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B,D  🗳️

                                      You have twosegregation of duties requirements:
                                      1) a user can access either the supplier creation pages or the invoice pages, but not both.
                                      2) a user can access either the invoice creation pages or the payment creation pages, but not both.
                                      How must these requirementsbe met in Advanced Access Controls?

                                      • A. Construct one model:"Create Supplier & Create Invoice & Create Payment"
                                      • B. Construct one entitlement: "Create Supplier & Create Invoice & Create Payment"
                                      • C. Construct two models, and create controls based on the models: "Create Supplier & Create Invoice",
                                        "Create Invoice & Create Payment"
                                      • D. Construct one model with three condition filters where the Function Name Equals "Create Supplier",
                                        "Create Invoice" and "Create Payment"
                                      • E. Construct three controls, and create controls based on the models: "Create Supplier & Create Invoice",
                                        "Create Invoice & Create Payment", "Create Supplier & Create Payment"
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

                                      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 a new process and a new control.
                                      • C. You can relate only an existing control, but not a new control.
                                      • D. You can relate only control objects.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

                                      When validating imported data, the control manager at your client has identified anincorrect Risk-Control mapping; that is, Control A was mapped incorrectly to Risk B instead of Risk A.
                                      What needs to be done to fix the mapping?

                                      • A. Option A
                                      • B. Option B
                                      • C. Option D
                                      • D. Option C
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

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