Updated: Sep 04, 2026
No. of Questions: 77 Questions & Answers with Testing Engine
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| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Risk Management Cloud 2021 Implementation Essentials |
| Exam Number: | 1Z0-1058-21 |
| Exam Price: | 245 USD |
| Exam Format: | Multiple Choice, Multiple Response |
| Certificate Validity Period: | 18 months |
| Available Languages: | English |
| Related Certifications: | Oracle Risk Management Cloud Implementation Specialist Oracle Financials Cloud |
| Passing Score: | 68% |
| Real Exam Qty: | 50-60 |
| Exam Duration: | 90 minutes |
| Recommended Training: | Oracle University Risk Management Cloud Training |
| Exam Registration: | Oracle Certification Portal Pearson VUE Oracle Exams |
| Sample Questions: | Oracle 1Z0-1058-21 Sample Questions |
| Exam Way: | Online proctored via Pearson VUE or Oracle testing platform |
| Pre Condition: | Recommended knowledge of Oracle Cloud Financials and enterprise risk management concepts |
| Official Syllabus URL: | https://www.oracle.com/training/certification/ |
| Section | Objectives |
|---|---|
| Reporting and Analytics | - Risk Reporting
|
| Implementation and Testing | - Deployment Lifecycle
|
| Risk and Compliance Management | - Compliance Monitoring
|
| Oracle Risk Management Cloud Overview | - Risk Management Framework Concepts
|
| Configuration and Setup | - Data Model Configuration
|
| Advanced Controls | - Transaction Controls
|
Question 1
At the last step of initiating assessments,the assessment manager sees who the assessment participants are (to complete, review, and approve the assessments). If the assessment manager wants to change the participant, who completes the assessment, what should he or she do?
A. It is not possible to change the participants after Data Security Policies are assigned.
B. Modify the participant list in the last step of initiating assessments.
C. Request the administrator to assign Data Security Policies with correct perspectives to the Assessor's job role.
D. Modify the perspective hierarchy in the last step of initiating assessments.
E. Request the administrator to change the Perspective in Data Security Policy for the Control Manager's job role.
Question 2
You need to schedule the report "Access Violations by User." Which two steps do you take to create thesaved parameters for the report schedule? (Choose two.)
A. Select Display Scheduled Reports.
B. Navigate to Scheduling under Setup and Administration.
C. Click Save Report Parameters to create savedsettings.
D. Highlight the report name and click Run Now.
E. Navigate to Administration Reports.
Question 3
Which three are true about implementing a best practice solution for Financial Reporting Compliance?
(Choose three.)
A. It promotes rapid implementation and go-live.
B. It promotes go-live with minimal acceptance testing and user training.
C. It provides maximum return on investment withminimum project risk.
D. Large scope of project requires high effort for maintenance and administration.
E. It promotes successful adoption and minimizes on-going cost of operation.
Question 4
When running Synchronize Transaction from the Data Sources page of Application Configurations, which statement is true when you have two models using invoice and payment business objects?
A. One job will run for the two objects based on transactions dated afterthe Transaction Created As of Date.
B. One job will run for the two objects and the Transaction Created As of Date has no impact on the data.
C. One job will run for the two objects based on transactions dated before the Transaction Created As of Date.
D. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.
Question 5
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 validand with Status: Open and State: Reported.
Identify the correct step to close this issue.
A. After you have completed the remediation plan, click the Close button on the Remediation Plan page.
B. Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.
C. On the Manage Issues page, highlight the issue and click the Close button.
D. The assessment associated to the issue must be completed before closing the issue.Only then can you close the issue.
Solutions:
| Question 1 Answer: B | Question 2 Answer: C,D | Question 3 Answer: A,C,E | Question 4 Answer: A | Question 5 Answer: D |
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