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Oracle 1Z0-1058-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Financial Reporting Compliance Configuration | 20% | - Manage perspectives and lookups - Import/export risk and control data - Configure pod and security roles |
| Topic 2: Assessment & Result Management | 15% | - Create assessment templates and plans - Run planned and ad-hoc assessments - Analyze and manage results |
| Topic 3: Security & Workflow Configuration | 15% | - Troubleshoot common issues - Set up review and approval workflows - Manage security policies and access |
| Topic 4: Risk & Controls Management | 20% | - Define risks, controls, and frameworks - Control testing and certification - Deficiency and issue management |
| Topic 5: Advanced Controls & Transaction Models | 20% | - Advanced access controls setup - Build and configure transaction models - Simulation and remediation |
| Topic 6: Implementation Overview & Best Practices | 10% | - Gather implementation requirements - Plan and execute testing - Data migration and change management |
Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:
1. Youhave created a risk definition R100 and have created a new control C100 for this risk. No user has been assigned the Risk or Control reviewer and approver roles. What will be the state of R100 and C100 after submitting?
A) Both R100 and C100 will be in the "Awaiting Approval" state.
B) Both R100 and C100 will be in the "New" state.
C) Both R100 and C100 will be in the "Approved" state.
D) Both R100 and C100 will be in the "In Review" state.
2. An organization has a list of companies with which they no longer wish to do business. The list is not stored in their ERP Could but is stored in a file.
Whichtransaction model will identify payments made to these companies?
A) Add a configurable attribute "Company Name" to Oracle's pre-built "Payment" object. Then add this standard filter: "Remit to Supplier Name" equals "Company Name".
B) Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payables Invoice" object. Once both objects are in your model, add this standard filter: the "Payables Invoice" object's "Supplier Name" equals the custom object's "Company Name".
C) You cannot define this model because imported objects from a file cannot be used with delivered objects.
D) Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payment" object. One both objects are in your model, add this standard filter: the "Payment" object's "Remit to Supplier Name" is similar to the custom object's "Company Name" by 95%.
3. Whichcontrols can user A access and manage for the following Control Manager role configuration? See details of perspective trees and control-perspective association below.
A) Only Control 1
B) Controls 2 and 3
C) None
D) Controls 1, 2, and3
E) All controls
4. You havecreated 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) Add to the EMEA P2P Control Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy.
C) Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role.
D) While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.
5. Your customer needs to conduct monthly Operational Effectiveness assessments for controls acrosstwo organizations (North America and EMEA). Your customer requires that assessment results for North America be accessible only to users in North America and likewise for EMEA. Additionally, the Chief Risk Officer reviews the assessment results by BusinessProcess every week.
How should you design perspectives to achieve this?
A) Use both Region and Business Process hierarchies solely for reporting purposes.
B) Use the Region hierarchy for security and the Business Process hierarchy for reporting of controls.
C) Use the Business Process hierarchy for security and the Region hierarchy for reporting of controls.
D) Use the Region hierarchy initially, and later use both Region and BusinessProcess hierarchies for security.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: B,D | Question # 5 Answer: B |
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