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Oracle 1Z0-1058-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Issues and Action Plans | 15% | - Create and track action plans - Manage issues lifecycle - Issue remediation and closure |
| Topic 2: Configuring Oracle Risk Management Cloud | 20% | - Define organization structure and business hierarchy - Implement risk management configurations - Set up the application including users, roles, and security - Configure integration with external systems |
| Topic 3: Reporting and Analytics | 10% | - Create dashboards and visualizations - Generate standard and custom reports - Use analytics for risk insights |
| Topic 4: Risk Management Core Functions | 25% | - Perform risk assessment and scoring - Create and manage risk registers - Define risk taxonomy and categories - Implement risk response and treatment plans |
| Topic 5: Controls Management | 20% | - Control testing and certification - Map controls to risks - Control deficiency management - Design and implement control frameworks |
| Topic 6: Testing and Implementation Best Practices | 10% | - Change management and user adoption - Plan and execute implementation testing - Data migration considerations |
Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:
Which statement related to Advanced Access Controls is true?
- A. If helps enforce segregation of duties.
- B. If helps perform risk analysis and evaluation.
- C. Itdocuments risks and controls.
- D. It analyzes transaction records.
Correct Answer: A 🗳️
When validating imported data, the control manager at your client has identified anincorrect Risk-Control mapping; that is, Control A was mapped incorrectly to Risk B instead of Risk A.
What needs to be done to fix the mapping?
- A. Option A
- B. Option D
- C. Option B
- D. Option C
Correct Answer: C 🗳️
Which three riskassessment activity types are available in Financial Reporting Compliance? (Choose three.)
- A. Certify
- B. Quantitative Analysis
- C. Audit
- D. Assess Risk
- E. Design Review
- F. Qualitative Analysis
Correct Answer: A,D,E 🗳️
Which three steps can be performed by using the Configure Module Objectspages? (Choose three.)
- A. Set "object-perspective" association.
- B. Edit the assessment activity question and guidance text for all assessment types.
- C. Choose display (or hide) configurable options for: results, events, consequences and treatments.
- D. Create object data import templates.
- E. View assessment response details for all assessment types.
Correct Answer: A,C,E 🗳️
A user has created and submitted a new control and the state of the control is "In Review." The user expected that the control state would change to "Approved." Why is the control not in the "Approved" state?
- A. The Control Approver role has been assigned to someusers.
- B. New controls must always be reviewed, irrespective of security configuration.
- C. This user is not a Control Approver; therefore, the status will be "In Review."
- D. The Control Reviewer role has been assigned to some users.
Correct Answer: C 🗳️







