Oracle 1Z1-958 Q&A - in .pdf

  • 1Z1-958 pdf
  • Exam Code: 1Z1-958
  • Exam Name: Oracle Risk Management Cloud 2018
  • Updated: Sep 26, 2026
  • Q & A: 76 Questions and Answers
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  • Exam Code: 1Z1-958
  • Exam Name: Oracle Risk Management Cloud 2018
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  • Updated: Sep 26, 2026
  • Q & A: 76 Questions and Answers
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Oracle 1Z1-958 Q&A - Testing Engine

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  • Exam Code: 1Z1-958
  • Exam Name: Oracle Risk Management Cloud 2018
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  • Q & A: 76 Questions and Answers
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Oracle 1Z1-958 Exam Syllabus Topics:

SectionObjectives
Topic 1: Advanced Access Controls- Access Modeling
  • 1. Access risk analysis
    • 2. Role-based access controls
      - Segregation of Duties (SoD)
      • 1. SoD policy definition and analysis
        • 2. Conflict detection and remediation
          Topic 2: Risk Analysis and Reporting- Reporting Tools
          • 1. Audit and compliance reporting
            • 2. Dashboard configuration
              - Risk Models
              • 1. Evaluating risk exposure
                • 2. Configuring risk models
                  Topic 3: Risk Management Cloud Overview- Introduction to Oracle Risk Management Cloud
                  • 1. Integration with Oracle ERP Cloud
                    • 2. Core concepts and architecture
                      Topic 4: Advanced Financial Controls- Control Results Analysis
                      • 1. Incident tracking and resolution
                        • 2. Reporting and audit evidence
                          - Transaction Controls
                          • 1. Monitoring transactions and alerts
                            • 2. Control definition and rules

                              Oracle Risk Management Cloud 2018 Sample Questions:

                              Question #1

                              Your customer needs to conduct monthly Operational Effectiveness assessments for controls across two 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 Business Process every week.
                              How should you design perspectives to achieve this?

                              • A. Use the Business Process hierarchy for security and the Region hierarchy for reporting of controls.
                              • B. Use both Region and Business Process hierarchies solely for reporting purposes.
                              • C. Use the Region hierarchy initially, and later use both Region and Business Process hierarchies for security.
                              • D. Use the Region hierarchy for security and the Business Process hierarchy for reporting of controls.
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Question #2

                              Which three are true about implementing a best practice solution for Financial Reporting Compliance?
                              (Choose three.)

                              • A. Large scope of project requires high effort for maintenance and administration.
                              • B. It promotes successful adoption and minimizes on-going cost of operation.
                              • C. It provides maximum return on investment with minimum project risk.
                              • D. It promotes rapid implementation and go-live.
                              • E. It promotes go-live with minimal acceptance testing and user training.
                              Reveal Solution  Discussion  0

                              Correct Answer: B,C,D  🗳️

                              Question #3

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

                              • A. Review control assessment results, along with any effectiveness issues found.
                              • B. Provide self-service access to reporting and analysis against financial transactions.
                              • C. Conduct intuitive audits of general ledger balances with journal details.
                              • D. Gain real-time access to live financial data and proactively resolve issues.
                              • E. Review and approve the accuracy and completeness of control descriptions.
                              • F. Continuously monitor financial transactions and role-based remediation of transaction incidents.
                              Reveal Solution  Discussion  0

                              Correct Answer: E,F  🗳️

                              Question #4

                              Which two steps are required to set up two levels of approval for new controls, which are added after the initial import? (Choose two.)

                              • A. Identify the organizations or business units for which users will perform review or approval.
                              • B. Identify users who will perform control review and approval.
                              • C. On the Controls tab of the Import template, set the control state to NEW for each control record.
                              • D. Identify the other roles to be provided for control managers.
                              Reveal Solution  Discussion  0

                              Correct Answer: A,B  🗳️

                              Question #5

                              Which controls can user A manage for the following Control Manager role Configuration? See details of perspective trees and control-perspective association below.

                              • A. Controls 1, 2, and 4
                              • B. None
                              • C. Controls 2 and 4
                              • D. Controls 1 and 2
                              • E. All controls
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

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