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Oracle 1z0-1058-23 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Risk Management Cloud 2023 Implementation Professional
Exam Number:1Z0-1058-23
Related Certifications:Oracle Advanced Controls
Oracle Risk Management Cloud
Oracle Financial Reporting Compliance Cloud
Passing Score:65%
Available Languages:English
Real Exam Qty:60
Exam Format:Multiple Response, Multiple Choice
Exam Duration:90 minutes
Recommended Training:Oracle Risk Management Cloud Training
Exam Registration:Oracle Certification Registration
Sample Questions: DOWNLOAD DEMO
Exam Way:Online proctored exam or test center (Oracle certification delivery via Pearson VUE)
Pre Condition:Recommended experience with Oracle ERP Cloud and Risk Management Cloud implementation concepts.

Oracle 1z0-1058-23 Exam Syllabus Topics:

SectionObjectives
Financial Reporting Compliance- Controls and assessments
  • 1. Assessments and certifications
    • 2. Control lifecycle management
      - Perspectives and security
      • 1. Perspective design and usage
        • 2. Role-based access control
          Advanced Access Controls- Access modeling
          • 1. Access points and entitlements
            • 2. User and role assignments
              Risk Management Cloud Overview- Introduction to Oracle Risk Management Cloud
              • 1. Risk Management Cloud offerings
                • 2. Key components and architecture
                  Advanced Financial Controls- Transaction analysis
                  • 1. Result management and reporting
                    • 2. Detecting anomalies and suspicious transactions
                      - Modeling controls
                      • 1. Control models and templates
                        • 2. Filters and business objects

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                          Passing the 1z0-1058-23 exam earns you the Oracle Risk Management Cloud 2023 Implementation Professional certification, a Professional-level credential. It is the vendor's official proof that your skills meet the standard employers look for, and it regularly appears as a requirement in job postings. The certification also relates to Oracle Risk Management Cloud, Oracle Financial Reporting Compliance Cloud, Oracle Advanced Controls, so it can anchor a broader certification plan rather than stand alone.

                          Recommended experience with Oracle ERP Cloud and Risk Management Cloud implementation concepts. Because vendors revise their eligibility rules from time to time, treat this as a starting point and verify the latest requirements on the official exam page before you commit to a test date.

                          The vendor organizes the Oracle Risk Management Cloud 2023 Implementation Professional blueprint into 4 domains, led by Advanced Financial Controls, Risk Management Cloud Overview, Financial Reporting Compliance. Every domain contains further subtopics, and the weighting tells you where your study hours pay off most — the full outline above has the complete picture, so review it before building your study plan.

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                          Oracle Risk Management Cloud 2023 Implementation Professional Sample Questions:

                          Question #1

                          You are remediating access incidents in Advanced Access Controls (AAC), and have just completed the remediation of a segregation of duties conflict for users in Fusion Security by removing the conflicting access from the users.
                          What status do you set for the incident in AAC?

                          • A. Authorized
                          • B. Accepted
                          • C. Resolved
                          • D. Remedy
                          • E. Remediation
                          Reveal Solution  Discussion  0

                          Correct Answer: C  🗳️

                          Explanation: Only visible for Exam4Docs members. You can sign-up / login (it's free).

                          Question #2

                          The control manager needs to associate an existing test plan to an additional assessment type, Audit Test. The existing test plan is associated only with the Design Review assessment type.
                          How can this be accomplished?

                          • A. The control manager does not need to update the control because any initiated assessment will include all control test plans.
                          • B. The control's test plan should be updated to Audit Test as the assessment type.
                          • C. The control's test plan should be updated to include both Audit Test and Design Review as assessment types.
                          • D. The control manager should create a new test plan with Audit Test and Design Review as assessment types.
                          Reveal Solution  Discussion  0

                          Correct Answer: C  🗳️

                          Explanation: Only visible for Exam4Docs members. You can sign-up / login (it's free).

                          Question #3

                          You are helping your client identify and define their controls. You have determined that your client requires two perspectives: Business Units and Regulatory Standards.
                          The controls are going to be secured by the business unit, and you want to ensure that when the client defines new controls, it is mandatory to assign a Business Units perspective to the control. You are going to set the
                          "Required" field to "yes" for the Control-Business Units association.
                          Where do you do this in the product?

                          • A. The Manage Module Perspectives screen
                          • B. The Import template
                          • C. The Create Control screen
                          • D. The Create Perspectives screen
                          • E. The Manage Object Perspectives screen
                          Reveal Solution  Discussion  0

                          Correct Answer: E  🗳️

                          Explanation: Only visible for Exam4Docs members. You can sign-up / login (it's free).

                          Question #4

                          When validating imported data, the control manager at your client has identified an incorrect 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 B
                          • C. Option D
                          • D. Option C
                          Reveal Solution  Discussion  0

                          Correct Answer: B  🗳️

                          Explanation: Only visible for Exam4Docs members. You can sign-up / login (it's free).

                          Question #5

                          An assessor is trying to complete an operational assessment on a control for manual AP Invoice entry and is reviewing Prior Results.
                          Which statement is true about viewing Prior Results for this control?

                          • A. He or she will be able to review results of all prior assessments of all types for this control.
                          • B. He or she will be able to review results of all prior assessments of all types for all controls.
                          • C. He or she will be able to review results of all prior Audit tests and operational assessments for this control.
                          • D. He or she will be able to review results of all prior operational assessments for all controls.
                          • E. He or she will be able to review only results of prior operational assessments for this control.
                          Reveal Solution  Discussion  0

                          Correct Answer: E  🗳️

                          Explanation: Only visible for Exam4Docs members. You can sign-up / login (it's free).

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