Oracle 1Z1-1058 Actual Free Exam Questions & Community Discussion

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: Jul 03, 2026

Question #17

During an assessment, an issue was created. Your job as the Issue Manager is to review the issues and validate them. If it is determined that they are not valid issues, you need to close them. You have found an issue that is not valid and with Status: Open and State: Reported.
Identify the correct step to close this issue.

A. Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.

B. The assessment associated to the issue must be completed before closing the issue. Only then can you close the issue.

C. On the Manage Issues page, highlight the issue and click the Close button.

D. After you have completed the remediation plan, click the Close button on the Remediation Plan page.

Discussion 0

Correct Answer: B Vote an answer

Question #18

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

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

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

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

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

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

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

Discussion 0

Correct Answer: B,C Vote an answer

Question #19

Your client has three operating units.
What are two ways in which you can exclude an operating unit where there are not enough personnel to allow segregation of duties? (Choose two.)

A. In a model, create a new condition logic filter, select the operating unit attribute and select the operating unit value.

B. In a model, create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.

C. In a model, create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.

D. Navigate to the Create Access Global Condition page and create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.

E. Navigate to the Create Access Global Condition page and create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.

Discussion 0

Correct Answer: C,E Vote an answer

Question #20

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 only results of prior operational assessments for this control.

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 results of all prior assessments of all types for all controls.

Discussion 0

Correct Answer: C Vote an answer

Question #21

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

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

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

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

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

Discussion 0

Correct Answer: C Vote an answer

Question #22

How do you identify Financial Reporting Compliance Cloud's key stakeholders?

A. Identify executives who will manage customer balances and recognize revenue.

B. Identify users who need to create and submit expense reports easily.

C. Identify executives who need to certify internal controls for SOX or similar mandates.

D. Identify users who will create customer invoices, and receive and apply customer payments.

Discussion 0

Correct Answer: A Vote an answer

Question #23

You are gathering requirements on how your client performs control assessments. Which three tasks should you complete to set up assessments in Financial Reporting Compliance? (Choose three.)

A. Determine if control assessments are planned ahead of time or are run impromptu.

B. Determine the main objectives of deploying the control.

C. Identify the type of assessments included in each assessment cycle.

D. Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.

E. Understand the sample size for each audit test.

Discussion 0

Correct Answer: A,D,E Vote an answer

Question #24

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

A. Function filter grouping by "Supplier ID" where count is greater than 1.

B. Standard filter where the "Supplier" object's "Supplier ID" is equal to itself.

C. Function filter grouping by "Taxpayer ID" where count is greater than 1.

D. Standard filter where the "Supplier" object's "Allow Withholding Tax" is not blank.

E. Standard filter where the "Supplier" object's "Taxpayer ID" is not blank.

Discussion 0

Correct Answer: A,E Vote an answer

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