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Oracle 1Z1-958 Exam Syllabus Topics:

SectionWeightObjectives
Advanced Access Controls25%- Segregation of duties (SoD) modeling
- Control creation and monitoring
- Remediation and mitigation
- Access risk analysis
Transaction Controls20%- Transaction model configuration
- Control rule definition
- Exception handling
- Monitoring and alerting
Financial Reporting Compliance30%- Risk and control definition
- Assessment setup and execution
- Issue management and remediation
- Perspectives and hierarchies
Integration and Administration10%- System configuration and maintenance
- Data import/export
- Integration with Fusion Applications
Risk Management Cloud Overview15%- Security and access model
- Deployment options
- Architecture and components

Oracle Risk Management Cloud 2018 Sample Questions:

Question 1

During an assessment, an issue was created. Your job as the Issue Manager is to review the issues and validate them. If it is determined that they are not valid issues, you need to close them. You have found an issue that is not valid and with Status: Open and State: Reported.
Identify the correct step to close this issue.

A. On the Manage Issues page, highlight the issue and click the Close button.
B. The assessment associated to the issue must be completed before closing the issue. Only then can you close the issue.
C. After you have completed the remediation plan, click the Close button on the Remediation Plan page.
D. Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.


Question 2

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. Determine if control assessments are planned ahead of time or are run impromptu.
B. Understand the sample size for each audit test.
C. Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.
D. Identify the type of assessments included in each assessment cycle.
E. Determine the main objectives of deploying the control.


Question 3

You need to schedule the report "Access Violations by User." Which two steps do you take to create the saved parameters for the report schedule? (Choose two.)

A. Click Save Report Parameters to create saved settings.
B. Navigate to Administration Reports.
C. Highlight the report name and click Run Now.
D. Select Display Scheduled Reports.
E. Navigate to Scheduling under Setup and Administration.


Question 4

You have created security roles for the Procure-to-Pay (P2P) Control Manager for the EMEA region in your client's organization. But, there are two problems with his or her security configuration.
Problem 1: This person should not receive notifications to complete control assessments, but currently he or she does.
Problem 2: Also, although he or she has access to controls associated with EMEA, he or she is unable to access controls created for individual regions within EMEA.
You have given him or her the following job role:
* EMEA P2P Control Manager Job Role
* Seeded Control Manager Duty Composite
* Seeded Control Certification Assessor Duty Composite
* EMEA P2P Control Manager Data Security Policy
* Seeded Control Manager Data Security Policy
* Perspective filter where Region Perspective "equals" EMEA
* Perspective filter where Process Perspective "equals" P2P
Which two actions need to be taken to correct the problems? (Choose two.)

A. Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role.
B. Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role.
C. While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.
D. Add to the EMEA P2P Control Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy.


Question 5

You are working with the customer to gather Risk-Control data for the data import process. The customer has information in multiple formats. Which format should be used for importing the data?

A. .xml
B. .xlsx
C. .txt
D. .pdf
E. .doc


Solutions:

Question 1
Answer: B
Question 2
Answer: A,B,C
Question 3
Answer: A,C
Question 4
Answer: C,D
Question 5
Answer: A

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