Free Oracle 1Z0-958 Practice Test & Real Exam Questions

Exam Code/Number: 1Z0-958
Exam Name/Title: Oracle Risk Management Cloud 2018
Certification Provider: Oracle
Corresponding Certification: Oracle Risk Management Cloud

Exam Questions: 76
Updated On: Jun 20, 2026

Question #9

Which three risk assessment activity types are available in Financial Reporting Compliance? (Choose three.)

A. Quantitative Analysis

B. Assess Risk

C. Certify

D. Qualitative Analysis

E. Design Review

F. Audit

Discussion 0

Correct Answer: B,C,E Vote an answer

Question #10

Which two activities can be performed using Financial Reporting Compliance? (Choose two.)

A. Continuously monitor financial transactions and role-based remediation of transaction incidents.

B. Conduct intuitive audits of general ledger balances with journal details.

C. Review control assessment results, along with any effectiveness issues found.

D. Provide self-service access to reporting and analysis against financial transactions.

E. Gain real-time access to live financial data and proactively resolve issues.

F. Review and approve the accuracy and completeness of control descriptions.

Discussion 0

Correct Answer: A,F Vote an answer

Question #11

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 Issue Manager Composite and Issue Validator Composite

B. Seeded Risk Issue Manager and Control Issue Manager

C. Seeded Risk Manager Composite, Control Manager Composite, and Issue Manager Composite

D. Seeded Issue Manager Composite

Discussion 0

Correct Answer: C Vote an answer

Question #12

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 change the Perspective in Data Security Policy for the Control Manager's job role.

B. It is not possible to change the participants after Data Security Policies are assigned.

C. Modify the participant list in the last step of initiating assessments.

D. Request the administrator to assign Data Security Policies with correct perspectives to the Assessor's job role.

E. Modify the perspective hierarchy in the last step of initiating assessments.

Discussion 0

Correct Answer: C Vote an answer

Question #13

You have built a transaction model to identify possible duplicate charges between invoicing and expense credit cards. The model logic already includes two standard filters that identify amounts and suppliers that are the same or similar, as shown:

Which additional date filter will further refine the set of duplicate charges found?

A. The "Expense Report Credit Card Transaction" object's "Transaction Date" attribute is not blank.

B. The "Payables Invoice" object's "Invoice Date" attribute is similar to the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute within +/- 10 days.

C. The "Expense Report Credit Card Transaction" object's "Last Updated Date" attribute is greater than the "Relative Value" of 3 months.

D. The "Payables Invoice" object's "Invoice Date" attribute is greater than the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute.

Discussion 0

Correct Answer: B Vote an answer

Question #14

After adding a new control in Financial Reporting Compliance, the control owner clicks Submit. Users with the Control Reviewer and Control Approver roles exist.
What is the expected outcome?

A. The control goes into the "Waiting for Approval" state.

B. The control goes into the "Approved" state.

C. The control goes into the "In Review" state.

D. The control goes into the "New" state.

Discussion 0

Correct Answer: C Vote an answer

Question #15

Which three tasks should be completed before starting the Financial Reporting Compliance implementation?
(Choose three.)

A. Create a project plan with objectives, goals, and exit criteria.

B. Migrate the organization's existing risk and control matrix into Financial Reporting Compliance.

C. Identify Financial Reporting Compliance users for everyday use, administration, and sustained use.

D. Complete control review and assessment for one period/cycle with the actual business owners.

E. Plan to go-live with a simple scope and later expand the solution to include additional business units/organizations/compliance frameworks.

Discussion 0

Correct Answer: C,D,E Vote an answer

Question #16

When you view or edit a transaction incident, you may see extra columns that are not present in the business objects used in the control.
What three kinds of control logic or conditions can cause this? (Choose three.)

A. Average Function

B. Between (when using a date attribute)

C. Not in

D. Equals (when the same attribute is used on both sides of the condition)

E. Similar

Discussion 0

Correct Answer: A,B,C Vote an answer

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