Oracle Risk Management Cloud 2018 : 1Z1-958

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

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Oracle 1Z1-958 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Financial Reporting Compliance30%- Risk and control definition
- Assessment setup and execution
- Issue management and remediation
- Perspectives and hierarchies
Topic 2: Transaction Controls20%- Monitoring and alerting
- Exception handling
- Transaction model configuration
- Control rule definition
Topic 3: Integration and Administration10%- Integration with Fusion Applications
- Data import/export
- System configuration and maintenance
Topic 4: Risk Management Cloud Overview15%- Security and access model
- Deployment options
- Architecture and components
Topic 5: Advanced Access Controls25%- Access risk analysis
- Remediation and mitigation
- Segregation of duties (SoD) modeling
- Control creation and monitoring

Oracle Risk Management Cloud 2018 Sample Questions:

Question 1

Which three risk assessment activity types are available in Financial Reporting Compliance? (Choose three.)

A. Audit
B. Certify
C. Qualitative Analysis
D. Quantitative Analysis
E. Assess Risk
F. Design Review


Question 2

Which filter can be used to identify expense reports that contain suspicious expense type combinations, such as, a report for a single trip that contains taxi, car rental, and mileage expenses?

A. Inclusive function filter grouped by the "Expense Report Information" object's "Report Number" where the "Expense Type" has an "In" condition for values that include taxi, car, mileage.
B. Inclusive function filter grouped by the "Expense Report Information" object's "Person" where the
"Expense Type" has an "In" condition for values that include taxi, car, mileage.
C. Inclusive function filter grouped by the "Expense Report Information" object's "Person" where the
"Expense Type" has an "In" condition for values that include taxi, car, mileage.
D. Inclusive function filter grouped by the "Expense Report Information" object's "Report Number" where the "Expense Type" has an "Equals" condition for values that include taxi, car, mileage.
E. Inclusive function filter grouped by the "Expense Report Information" object's "Report Number" where the "Expense Type" has an "In" condition for values that include taxi, car, mileage.


Question 3

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 Point
B. Access Entitlement
C. Fusion Access Condition
D. Access Point and User Business Object
E. Access Point and Fusion Access Condition


Question 4

You are remediating access incidents in Advanced Access Controls (AAC), and have just completed the remediation of a segregation of duties conflict for users in Fusion Security by removing the conflicting access from the users.
What status do you set for the incident in AAC?

A. Resolved
B. Remediation
C. Accepted
D. Authorized
E. Remedy


Question 5

You have created security roles for the Procure-to-Pay (P2P) Control Manager for the EMEA region in your client's organization. But, there are two problems with his or her security configuration.
Problem 1: This person should not receive notifications to complete control assessments, but currently he or she does.
Problem 2: Also, although he or she has access to controls associated with EMEA, he or she is unable to access controls created for individual regions within EMEA.
You have given him or her the following job role:
* EMEA P2P Control Manager Job Role
* Seeded Control Manager Duty Composite
* Seeded Control Certification Assessor Duty Composite
* EMEA P2P Control Manager Data Security Policy
* Seeded Control Manager Data Security Policy
* Perspective filter where Region Perspective "equals" EMEA
* Perspective filter where Process Perspective "equals" P2P
Which two actions need to be taken to correct the problems? (Choose two.)

A. Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role.
B. While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.
C. Add to the EMEA P2P Control Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy.
D. Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role.


Solutions:

Question 1
Answer: B,E,F
Question 2
Answer: E
Question 3
Answer: B
Question 4
Answer: B
Question 5
Answer: B,C

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