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Oracle 1Z1-958 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk and Control Implementation | - Risk definitions and control design - Relationships between risks and controls |
| Topic 2: Data Migration and Integration | - Importing risk and control data - Managing perspectives and hierarchies |
| Topic 3: Risk Management Cloud Overview | - Key components and use cases - Purpose and features of Oracle Risk Management Cloud |
| Topic 4: Security and Access Control | - Configuring security roles and data policies - Functional and data-level access control in risk management |
| Topic 5: Assessments and Monitoring | - Operational effectiveness assessments - Certification and review workflows |
| Topic 6: Reporting and Compliance Insights | - Using analytics for compliance monitoring - Risk reporting fundamentals |
Oracle Risk Management Cloud 2018 Sample Questions:
Question #1
You have imported risks in Financial Reporting Compliance using data migration. Your client is asking if you can add controls for these risks.
Which two statements are true? (Choose two.)
A. To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.
B. You can use the Data Migration tool to add control records for the existing risks.
C. You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
D. You cannot use the Data Migration tool to add control records to map to existing risks.
E. To relate controls to risks, the risks must be in "approved" state.
Question #2
Select three fields that are required to create an impromptu assessment. (Choose three.)
A. Reviewer
B. Due Date
C. Perspectives
D. Activity
E. Name
F. Template
Question #3
You have defined an initial Perspective Hierarchy for your client in the Advanced Controls module. After refining their business requirements, your client wants to expand the existing hierarchy to include 150 perspective items in various levels. For efficient processing, you decide to use the GRC data migration feature to import the new items.
Which three are valid processing steps required to define the export file? (Choose three.)
A. Click the Create Import Template button.
B. Generate Template as Without Data - Perspectives Only.
C. Navigate to Manage Module Perspectives.
D. Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.
E. Generate Template as Without Data.
Question #4
Which two filters must be combined to identify different suppliers who use the same taxpayer ID? (Choose two.)
A. Function filter grouping by "Taxpayer ID" where count is greater than 1.
B. Standard filter where the "Supplier" object's "Taxpayer ID" is not blank.
C. Function filter grouping by "Supplier ID" where count is greater than 1.
D. Standard filter where the "Supplier" object's "Allow Withholding Tax" is not blank.
E. Standard filter where the "Supplier" object's "Supplier ID" is equal to itself.
Question #5
When running Synchronize Transaction from the Data Sources page of Application Configurations, which statement is true when you have two models using invoice and payment business objects?
A. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.
B. One job will run for the two objects based on transactions dated before the Transaction Created As of Date.
C. One job will run for the two objects and the Transaction Created As of Date has no impact on the data.
D. One job will run for the two objects based on transactions dated after the Transaction Created As of Date.
Solutions:
| Question #1 Correct Answer: A,B | Question #2 Correct Answer: B,E,F | Question #3 Correct Answer: C,D,E | Question #4 Correct Answer: B,C | Question #5 Correct Answer: D |


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