Free Oracle 1Z1-1058 Practice Test & Real Exam Questions

Exam Code/Number: 1Z1-1058
Exam Name/Title: Oracle Risk Management Cloud 2019 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Risk Management Cloud

Exam Questions: 76
Updated On: May 27, 2026

Question #9

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 should create a new test plan with Audit Test and Design Review as assessment types.

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 does not need to update the control because any initiated assessment will include all control test plans.

Discussion 0

Correct Answer: C Vote an answer

Question #10

You need to schedule the report "Access Violations by User." Which two steps do you take to create the saved parameters for the report schedule? (Choose two.)

A. Navigate to Scheduling under Setup and Administration.

B. Highlight the report name and click Run Now.

C. Select Display Scheduled Reports.

D. Navigate to Administration Reports.

E. Click Save Report Parameters to create saved settings.

Discussion 0

Correct Answer: B,E Vote an answer

Question #11

Your client is configuring their Test pod (which has no data) and has created their initial import template with controls, test plans, perspectives, and perspective-control mappings. They have used custom list of values for Control Frequency.
Which three tasks must be completed before performing the data import? (Choose three.)

A. Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.

B. Validate that new lookup values are created for any custom list of values.

C. Validate that the control-perspective relationship has been created in Manage Module Perspectives.

D. Validate that there are no duplicate worksheet IDs within the same worksheet.

E. Validate that the System ID column is populated correctly.

Discussion 0

Correct Answer: A,B,E Vote an answer

Question #12

You are building a transaction model to identify invoices with USD amounts that are greater than the supplier's average invoice amount. The order of the filters is important.
1. Add an "Average" Function filter grouping by "Supplier ID" where "Invoice Amount" is greater than 0.
2. Add a standard filter where "Invoice Currency" equals "USD."
3. Add a standard filter where the delivered "Average Value" attribute is less than "Invoice Amount." What is the correct order of the filters for this transaction model?

A. 2, 3, 1

B. 1, 3, 2

C. 3, 2, 1

D. 1, 2, 3

E. 2, 1, 3

Discussion 0

Correct Answer: D Vote an answer

Question #13

You have two segregation of duties requirements:
1) a user can access either the supplier creation pages or the invoice pages, but not both.
2) a user can access either the invoice creation pages or the payment creation pages, but not both.
How must these requirements be met in Advanced Access Controls?

A. Construct one entitlement: "Create Supplier & Create Invoice & Create Payment"

B. Construct one model with three condition filters where the Function Name Equals "Create Supplier",
"Create Invoice" and "Create Payment"

C. Construct one model: "Create Supplier & Create Invoice & Create Payment"

D. Construct three controls, and create controls based on the models: "Create Supplier & Create Invoice",
"Create Invoice & Create Payment", "Create Supplier & Create Payment"

E. Construct two models, and create controls based on the models: "Create Supplier & Create Invoice",
"Create Invoice & Create Payment"

Discussion 0

Correct Answer: C Vote an answer

Question #14

Which three statements are true about the purpose of perspectives? (Choose three.)

A. Perspectives can be used to represent regional hierarchies.

B. Perspectives enable functional security in Financial Reporting Compliance.

C. Perspectives are used to enable data security on Financial Reporting Compliance objects.

D. Perspectives can be used for categorizing Financial Reporting Compliance objects.

E. Perspectives can be used to define user privileges.

Discussion 0

Correct Answer: A,B,C Vote an answer

Question #15

Which two options can be assigned to a duty role? (Choose two.)

A. Abstract Role

B. Functional Security Policy

C. Data Security Policy

D. Job Role

Discussion 0

Correct Answer: B,C Vote an answer

Question #16

You have 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. You can use the Data Migration tool to add control records for the existing risks.

B. You cannot use the Data Migration tool to add control records to map to existing risks.

C. To relate controls to risks, the risks must be in "approved" state.

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 is assigned to the control you want to map it to.

Discussion 0

Correct Answer: A,E Vote an answer

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