Oracle 1Z1-958 Q&A - in .pdf

  • Exam Code: 1Z1-958
  • Exam Name: Oracle Risk Management Cloud 2018
  • Updated: Sep 29, 2026
  • Q & A: 76 Questions and Answers
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  • Exam Code: 1Z1-958
  • Exam Name: Oracle Risk Management Cloud 2018
  • Updated: Sep 29, 2026
  • Q & A: 76 Questions and Answers
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Oracle 1Z1-958 Exam Syllabus Topics:

SectionObjectives
Risk and Control Implementation- Relationships between risks and controls
- Risk definitions and control design
Security and Access Control- Configuring security roles and data policies
- Functional and data-level access control in risk management
Reporting and Compliance Insights- Risk reporting fundamentals
- Using analytics for compliance monitoring
Risk Management Cloud Overview- Key components and use cases
- Purpose and features of Oracle Risk Management Cloud
Assessments and Monitoring- Operational effectiveness assessments
- Certification and review workflows
Data Migration and Integration- Importing risk and control data
- Managing perspectives and hierarchies

Oracle Risk Management Cloud 2018 Sample Questions:

Question #1

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 superuser's account is inactive and his or her account needs to be activated.
  • B. The superuser's account is not yet approved by his or her supervisor in Financial Reporting Compliance.
  • C. The superuser's account is created but the synchronization jobs have not been run.
  • D. The application will not allow a user to both create users and assign them roles.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #2

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

Correct Answer: E  🗳️

Question #3

How do you associate a risk to a control?

  • A. In the related object section of process definition, add the control to the risk.
  • B. On the Related Objects tab of control definition, add the risk.
  • C. The only way to create risk-control associations is through data import.
  • D. On the Related Controls tab of risk definition, add the control.
  • E. To associate a control to a risk, the control needs to be in the Review state.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #4

Which two should you determine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)

  • A. Identify lookup values that need to be created for Control, Risk, and Issue Type fields.
  • B. Identify users who will be responsible for creating and maintaining controls and/or risks.
  • C. Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.
  • D. Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

Question #5

Which two filters must be combined to identify different suppliers who use the same taxpayer ID? (Choose two.)

  • A. Standard filter where the "Supplier" object's "Taxpayer ID" is not blank.
  • B. Standard filter where the "Supplier" object's "Supplier ID" is equal to itself.
  • C. Standard filter where the "Supplier" object's "Allow Withholding Tax" is not blank.
  • D. Function filter grouping by "Supplier ID" where count is greater than 1.
  • E. Function filter grouping by "Taxpayer ID" where count is greater than 1.
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

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