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Oracle 1Z1-958 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Advanced Financial Controls | - Control Results Analysis
|
| Topic 2: Risk Management Cloud Overview | - Introduction to Oracle Risk Management Cloud
|
| Topic 3: Risk Analysis and Reporting | - Risk Models
|
| Topic 4: Advanced Access Controls | - Access Modeling
|
Oracle Risk Management Cloud 2018 Sample Questions:
You have completed the data import process with no errors. You created process, risks, controls, and one perspective. Controls were related to perspectives. You have provided the customer with the Control Manager security role. When the customer logs in to Financials Risk Compliance (FRC), the customer cannot see any controls.
Which step was missed during the import process?
- A. The parent process was never approved.
- B. The Controls were not related to any risk objects.
- C. Data security policies for Controls were not created.
- D. The Control Method was not set to a valid value.
Correct Answer: D 🗳️
Which two activities can be performed using Financial Reporting Compliance? (Choose two.)
- A. Conduct intuitive audits of general ledger balances with journal details.
- B. Review control assessment results, along with any effectiveness issues found.
- C. Gain real-time access to live financial data and proactively resolve issues.
- D. Review and approve the accuracy and completeness of control descriptions.
- E. Provide self-service access to reporting and analysis against financial transactions.
- F. Continuously monitor financial transactions and role-based remediation of transaction incidents.
Correct Answer: D,F 🗳️
At the last step of initiating assessments, the assessment manager sees who the assessment participants are (to complete, review, and approve the assessments). If the assessment manager wants to change the participant, who completes the assessment, what should he or she do?
- A. Request the administrator to assign Data Security Policies with correct perspectives to the Assessor's job role.
- B. Modify the participant list in the last step of initiating assessments.
- C. Modify the perspective hierarchy in the last step of initiating assessments.
- D. Request the administrator to change the Perspective in Data Security Policy for the Control Manager's job role.
- E. It is not possible to change the participants after Data Security Policies are assigned.
Correct Answer: B 🗳️
You are building a transaction model to identify invoices with USD amounts that are greater than the supplier's average invoice amount. The order of the filters is important.
1. Add an "Average" Function filter grouping by "Supplier ID" where "Invoice Amount" is greater than 0.
2. Add a standard filter where "Invoice Currency" equals "USD."
3. Add a standard filter where the delivered "Average Value" attribute is less than "Invoice Amount." What is the correct order of the filters for this transaction model?
- A. 2, 1, 3
- B. 3, 2, 1
- C. 2, 3, 1
- D. 1, 3, 2
- E. 1, 2, 3
Correct Answer: E 🗳️
During an assessment, an issue was created. Your job as the Issue Manager is to review the issues and validate them. If it is determined that they are not valid issues, you need to close them. You have found an issue that is not valid and with Status: Open and State: Reported.
Identify the correct step to close this issue.
- A. The assessment associated to the issue must be completed before closing the issue. Only then can you close the issue.
- B. After you have completed the remediation plan, click the Close button on the Remediation Plan page.
- C. On the Manage Issues page, highlight the issue and click the Close button.
- D. Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.
Correct Answer: A 🗳️
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