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 #9

You are helping your client identify and define their controls. You have determined that your client requires two perspectives: Business Units and Regulatory Standards.
The controls are going to be secured by the business unit, and you want to ensure that when the client defines new controls, it is mandatory to assign a Business Units perspective to the control. You are going to set the
"Required" field to "yes" for the Control-Business Units association.
Where do you do this in the product?

A. The Import template

B. The Manage Module Perspectives screen

C. The Create Control screen

D. The Manage Object Perspectives screen

E. The Create Perspectives screen

Discussion 0

Correct Answer: E Vote an answer

Question #10

You are implementing Advanced Access Controls for a client. You need to create a model that returns users who have been assigned a specified access point but excludes a specific operating unit.
Which business object(s) do you need to add to your model to accomplish this objective?

A. Access Entitlement

B. Fusion Access Condition

C. Access Point

D. Access Point and User Business Object

E. Access Point and Fusion Access Condition

Discussion 0

Correct Answer: A 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 the System ID column is populated correctly.

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

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

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

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

Discussion 0

Correct Answer: A,B,D Vote an answer

Question #12

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

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

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

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: A Vote an answer

Question #13

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: Open; State: In Edit

B. Status: Open; State: New

C. Status: On Hold; State: Awaiting Approval

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

E. Status: Open; State: Approved

F. Status: On Hold; State: In Review

G. Status: On-Hold; State: Reported

H. Status: Closed; State: Final Close

Discussion 0

Correct Answer: A,B,E,F Vote an answer

Question #14

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

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

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

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

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

Discussion 0

Correct Answer: B,C Vote an answer

Question #15

An organization has a list of companies with which they no longer wish to do business. The list is not stored in their ERP Could but is stored in a file.
Which transaction model will identify payments made to these companies?

A. You cannot define this model because imported objects from a file cannot be used with delivered objects.

B. Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payment" object. One both objects are in your model, add this standard filter: the "Payment" object's "Remit to Supplier Name" is similar to the custom object's "Company Name" by 95%.

C. Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payables Invoice" object. Once both objects are in your model, add this standard filter: the "Payables Invoice" object's "Supplier Name" equals the custom object's "Company Name".

D. Add a configurable attribute "Company Name" to Oracle's pre-built "Payment" object. Then add this standard filter: "Remit to Supplier Name" equals "Company Name".

Discussion 0

Correct Answer: C Vote an answer

Question #16

What would happen to an access incident in Advanced Access Controls (AAC) that has been remediated and has a status of "Closed," but poses a conflict again during a subsequent evaluation of controls?

A. The incident remains in "Closed" status and additional remedial action cannot be taken.

B. The incident is deferred.

C. The incident remains in "Closed" status and assigned users receive a notification that additional access incidents have been identified.

D. The incident is copied and a new incident is created based on the original incident.

E. The incident status changes to "Assigned."

Discussion 0

Correct Answer: C,E Vote an answer

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