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Oracle 1Z1-958 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Financial Reporting Compliance | 30% | - Perspectives and hierarchies - Issue management and remediation - Assessment setup and execution - Risk and control definition |
| Topic 2: Risk Management Cloud Overview | 15% | - Architecture and components - Security and access model - Deployment options |
| Topic 3: Transaction Controls | 20% | - Exception handling - Control rule definition - Monitoring and alerting - Transaction model configuration |
| Topic 4: Advanced Access Controls | 25% | - Segregation of duties (SoD) modeling - Remediation and mitigation - Access risk analysis - Control creation and monitoring |
| Topic 5: Integration and Administration | 10% | - System configuration and maintenance - Data import/export - Integration with Fusion Applications |
Oracle Risk Management Cloud 2018 Sample Questions:
1. You are designing data for data import. The customer decided that they want to secure controls based on their company organization.
Which three worksheets of the import template are required to accomplish this requirement? (Choose three.)
A) Control Test Plans
B) Controls
C) Perspective-Control
D) Perspective Items
2. 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) Data security policies for Controls were not created.
B) The Control Method was not set to a valid value.
C) The parent process was never approved.
D) The Controls were not related to any risk objects.
3. Which three are true about implementing a best practice solution for Financial Reporting Compliance?
(Choose three.)
A) It promotes go-live with minimal acceptance testing and user training.
B) Large scope of project requires high effort for maintenance and administration.
C) It promotes successful adoption and minimizes on-going cost of operation.
D) It provides maximum return on investment with minimum project risk.
E) It promotes rapid implementation and go-live.
4. During implementation, you created a Financial Reporting Compliance superuser and assigned this user the following roles:
* Enterprise Risk and Control Manager
* IT Security Manager
* Employee
The superuser logs in to Financial Reporting Compliance but is not able to create new Data Security Policies.
What is wrong?
A) The application will not allow a user to both create users and assign them roles.
B) The superuser's account is created but the synchronization jobs have not been run.
C) The superuser's account is inactive and his or her account needs to be activated.
D) The superuser's account is not yet approved by his or her supervisor in Financial Reporting Compliance.
5. Identify the four statuses 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: On-Hold; State: Reported
B) Status: Closed; State: Final Close
C) Status: On Hold; State: In Review
D) Status: Open; State: New
E) Status: Open; State: In Edit
F) Status: Closed; State: Closed - Awaiting Approval
G) Status: On Hold; State: Awaiting Approval
H) Status: Open; State: Approved
Solutions:
| Question # 1 Answer: A,B,D | Question # 2 Answer: B | Question # 3 Answer: C,D,E | Question # 4 Answer: B | Question # 5 Answer: C,D,E,H |

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