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Oracle 1z0-1058-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Security and Access Management20%- Security requirements and model
- Define job, duty and data roles
- Audit and review security
- Assign users and roles
Topic 2: Financial Reporting Compliance Configuration25%- Initial environment setup
- Configure module objects
- Data migration and import/export
- Manage lookups and flexfields
Topic 3: Advanced Controls Configuration25%- Configure financial controls
- Configure access controls
- Manage results and incidents
- Define filters, functions and patterns
Topic 4: Risk Management Implementation Requirements15%- Identify key use cases
- Gather implementation requirements
- Plan security and configuration
- Overview of Oracle Risk Management Cloud
Topic 5: Assessments, Issues and Reporting15%- Create and manage assessments
- Monitor compliance and controls
- Generate reports and dashboards
- Track and resolve issues

Oracle Risk Management Cloud 2023 Implementation Professional Sample Questions:

1. Which two activities can be performed using Financial Reporting Compliance? (Choose two.)

A) Gain real-time access to live financial data and proactively resolve issues.
B) Conduct intuitive audits of general ledger balances with journal details.
C) Review and approve the accuracy and completeness of control descriptions.
D) Review control assessment results, along with any effectiveness issues found.
E) Provide self-service access to reporting and analysis against financial transactions.
F) Continuously monitor financial transactions and role-based remediation of transaction incidents.


2. Your client has asked you to define a transaction model to identify duplicate invoices based on Invoice Numbers and Invoice Amounts.
Which two standard filters can be combined to accomplish this? (Choose two.)

A) The "Payables Invoice" object's "Invoice ID" is similar to the "Payables Invoice" object's "Invoice Number".
B) The "Payables Invoice" object's "Supplier ID" does not equal itself.
C) The "Payables Invoice" object's "Invoice Amount" is equal to itself.
D) The "Payables Invoice" object's "Invoice Number" is equal to itself.
E) The "Payables Invoice" object's "Invoice Number" is equal to the "Payables Invoice" object's "Invoice ID."


3. Identify the four statuses and states in which you can edit an issue's description, assuming you have the necessary privileges to edit the issue. (Choose four.)

A) Status: Closed; State: Final Close
B) Status: On Hold; State: In Review
C) Status: On-Hold; State: Reported
D) Status: Open; State: New
E) Status: Open; State: Approved
F) Status: Closed; State: Closed - Awaiting Approval
G) Status: Open; State: In Edit
H) Status: On Hold; State: Awaiting Approval


4. You are implementing Advanced Financial Controls and you want to identify suspect transactions where the payment amount is less than $20 USD. However, you only want the results returned to be temporary.
What will you build in order to accomplish your objective?

A) Model
B) Template
C) Filter
D) Control
E) Business object


5. 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 control objects.
B) You can relate only an existing control, but not a new control.
C) You can relate a new process and a new control.
D) You can relate only process objects.


Solutions:

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

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