Oracle 1Z0-1058-21 : Oracle Risk Management Cloud 2021 Implementation Essentials

  • Exam Code: 1Z0-1058-21
  • Exam Name: Oracle Risk Management Cloud 2021 Implementation Essentials
  • Updated: Jul 16, 2026     Q & A: 77 Questions and Answers

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Following are some reference material for actual Oracle 1Z0-1058-21 exam test

Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:

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


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 provides maximum return on investment withminimum project risk.
C) It promotes go-live with minimal acceptance testing and user training.
D) It promotes successful adoption and minimizes on-going cost of operation.
E) It promotes rapid implementation and go-live.


3. Your customer has a requirement to define an IT Compliance Manager job role with privileges to manage risks and controls, and the issues related to the risks and controls.
What are the duty roles that must be included in this job role to achieve this requirement?

A) Seeded Risk Issue Manager and Control Issue Manager
B) Seeded Issue Manager Composite
C) Seeded Issue Manager Composite and Issue Validator Composite
D) Seeded Risk Manager Composite, Control Manager Composite, and Issue Manager Composite


4. Youhave imported risks in Financial Reporting Compliance using data migration. Your client is asking if you can add controls for these risks.
Which two statements are true? (Choose two.)

A) To relate controls to risks, the risks must be in "approved" state.
B) You cannot use the Data Migration tool to add control records to map to existing risks.
C) You can use the Data Migration tool to add control records for the existing risks.
D) You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
E) To relate controls, risks must be assigned to the same perspective that isassigned to the control you want to map it to.


5. 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) While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.
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) Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role.


Solutions:

Question # 1
Answer: A,D,E,H
Question # 2
Answer: B,D,E
Question # 3
Answer: D
Question # 4
Answer: C,E
Question # 5
Answer: A,B

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