Format: Multiple Choice
Duration: 90 Minutes
Number of Questions: 60
Passing Score: 65%
Validation: This exam has been validated against 22A/22B
Policy: Cloud Recertification
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Passing this exam is required to earn these certifications. Select each certification title below to view full requirements.
Oracle Risk Management Cloud 2022 Certified Implementation Professional
Prepare to pass exam: 1Z0-1058-22
An Oracle Risk Management Cloud Service 2021 Certified Implementation Professional has demonstrated the knowledge required to gather implementation requirements for Risk Management, including Financial Reporting Compliance implementation, performing initial configuration and data migration, configuring security, and managing Objects, Assessments, and Issues. They can also perform Advanced Controls Configuration, including Advanced Access and Financial Controls. Up-to-date training and field experience are recommended.
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Additional Preparation and Information
A combination of Oracle training and hands-on experience (attained via labs and/or field experience), in the learning subscription, provides the best preparation for passing the exam.
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| Review Exam Topics | |
| Gather Requirements for Risk Management Implementation Describe Risk Management Implement key use cases Plan to gather information for the implementation Plan security Initial Financial Reporting Compliance Configuration Configure an environment for Financial Reporting Compliance Implementation Configure Module Objects Configure and manage Lookups and Flexfields (WAS: Configure and manage Lookups) Data Migration Assemble existing risk control matrix data Explain the steps to import and export data Populate an import template Validate an import template prior to import Troubleshoot errors during an import Security Describe security requirements Configure and assign Job and Duty roles Assign users and groups to objects Describe jobs and processes related to security Manage Objects Describe how to create objects Create Control Test Plans Relate objects to one another Create Review and Approve workflows for objects | Manage Assessments Explain assessments Create assessment templates and plans Initiate batch assessments Complete assessments Initial Advanced Controls Configuration Create and manage Perspectives Configure security Access Control Use Cases Explain Entitlements Create and manage Models and Controls Configure Conditions Explain Simulation and Remediation Access certification Transaction & Audit Control use cases Describe Models and Controls Configure Filters Configure Functions Configure Patterns Explain Result Management Manage Reports Explain reporting Create dashboards and reports |
QUESTION 1
Which three steps can be performed by using the Configure Module Objects pages? (Choose three.)
A. Choose display (or hide) configurable options for: results, events, consequences and treatments.
B. Set “object-perspective” association.
C. Create object data import templates.
D. Edit the assessment activity question and guidance text for all assessment types.
E. View assessment response details for all assessment types.
Answer: A,B,E
References:
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 rapid implementation and go-live.
C. It promotes go-live with minimal acceptance testing and user training.
D. It provides maximum return on investment with minimum project risk.
E. It promotes successful adoption and minimizes on-going cost of operation.
Answer: B,D,E
References:
QUESTION 3
How do you populate the Control Method field with a new custom value, such as a third-party
application”?
A. Enter the new value directly in the Control method field.
B. Use Lookup Meaning of the new lookup value.
C. Use Lookup Code of the new lookup value.
D. Use Lookup Type of the new lookup value.
Answer: A
Explanation:
QUESTION 4
Which three risk assessment activity types are available in Financial Reporting Compliance? (Choose three.)
A. Design Review
B. Qualitative Analysis
C. Quantitative Analysis
D. Certify
E. Audit
F. Assess Risk
Answer: A,D,F
References:
QUESTION 5
You are implementing Advanced Access Controls and there is a requirement for a control to monitor
user access to specific, client-defined access points which give users the ability to both initiate a
purchase order and approve payments on that purchase order.
Which is a valid option to implement the control?
A. From the “Access Entitlements” page create two entitlements containing the respective clientdefined
access points. Create an access model from the “Models” tab of Advanced Controls, based
on the entitlements you created.
B. Select Actions > Create Access Control from the “Controls” tab of Advanced Controls.
C. Create an access model from the “Models” tab of Advanced Controls, and then define an access
point filter for each individual client-defined access point.
D. From the “Access Entitlements” page create two entitlements containing the respective clientdefined
access points. Create an access model from the “Models” tab of Advanced Controls, based
on the entitlements you created. Finally, deploy an access control in the “Controls” tab of Advanced
Controls, and select the access model you created.
E. Create an access entitlement from the “Access Entitlements” page, then select Actions > Create
Access Control from the “Controls” tab of Advanced Controls, and select the entitlement you created.
Answer: D