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: Aug 16, 2026

Question #1

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: On Hold; State: Awaiting Approval

C. Status: Open; State: In Edit

D. Status: Closed; State: Final Close

E. Status: Open; State: New

F. Status: Closed; State: Closed - Awaiting Approval

G. Status: Open; State: Approved

H. Status: On Hold; State: In Review

Discussion 0

Correct Answer: C,E,G,H Vote an answer

Question #2

You have defined an initial Perspective Hierarchy for your client in the Advanced Controls module. After refining their business requirements, your client wants to expand the existing hierarchy to include 150 perspective items in various levels. For efficient processing, you decide to use the GRC data migration feature to import the new items.
Which three are valid processing steps required to define the export file? (Choose three.)

A. Navigate to Manage Module Perspectives.

B. Generate Template as Without Data - Perspectives Only.

C. Generate Template as Without Data.

D. Click the Create Import Template button.

E. Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.

Discussion 0

Correct Answer: A,C,E Vote an answer

Question #3

You completed the data migration successfully. You created 100 controls, an Organization Perspective, and relationship of controls to the Organization Perspective. All controls are related to one perspective item. The Control Manager logs in to the application to view the new controls, yet there are none available for his or her review.
Identify three reasons for this. (Choose three.)

A. The Control Manager was not given the correct data security policy to access the controls.

B. No risks were mapped to the imported controls.

C. There was no Control Type associated with the controls.

D. The Perspective Hierarchy is not in the Approved state.

E. The Perspective Hierarchy was not associated to the Control Object.

Discussion 0

Correct Answer: A,B,C Vote an answer

Question #4

You build an access model with two entitlements. Each entitlement has four access points. The entitlements do not have any access points in common.
How many access point combinations will be analyzed?

A. 4

B. 20

C. 25

D. 16

E. 8

Discussion 0

Correct Answer: E Vote an answer

Question #5

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

Question #6

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 Controls were not related to any risk objects.

D. The parent process was never approved.

Discussion 0

Correct Answer: B Vote an answer

Question #7

Which two would need to happen in order for Advanced Access Controls (AAC) to automatically assign a status of "Closed" to an access incident? (Choose two.)

A. The incident is resolved using simulation in AAC and a subsequent evaluation of controls finds that the incident no longer exists.

B. The incident is resolved in Fusion Cloud and a subsequent evaluation of controls finds that the incident no longer exists.

C. A user sets the Status of the incident to "Resolved".

D. A global condition was added that resolves the conflict and a subsequent evaluation of controls finds that the incident no longer exists.

E. A user sets the State of the incident to "Remediate".

Discussion 0

Correct Answer: B,E Vote an answer

Question #8

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

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