Oracle 1z0-1058-23 Exam : Oracle Risk Management Cloud 2023 Implementation Professional

1z0-1058-23
  • Exam Code: 1z0-1058-23
  • Exam Name: Oracle Risk Management Cloud 2023 Implementation Professional
  • Updated: Jul 27, 2026
  • Q & A: 77 Questions and Answers

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Oracle 1z0-1058-23 Exam Syllabus Topics:

SectionWeightObjectives
Advanced Access Controls25-30%- Access Models
  • 1. Configure Access Models
  • 2. Manage Access Risk Analysis
  • 3. Segregation of Duties Controls
Transaction Controls20-25%- Transaction Monitoring
  • 1. Detect and Investigate Violations
  • 2. Manage Incidents
  • 3. Configure Transaction Models
Risk Management Cloud Overview10-15%- Risk Management Cloud Architecture
  • 1. Business Objectives and Use Cases
  • 2. Risk Management Components
Financial Reporting Compliance20-25%- Controls and Certifications
  • 1. Manage Financial Controls
  • 2. Issue Tracking and Remediation
  • 3. Compliance Monitoring
User Access Certification10-15%- Certification Campaigns
  • 1. Create Access Certifications
  • 2. Review and Certify User Access
Reporting and Administration5-10%- System Management
  • 1. Security and Configuration
  • 2. Risk Management Reports
  • 3. Data Import and Maintenance

Oracle Risk Management Cloud 2023 Implementation Professional Sample Questions:

1. Your client has asked you to define a transaction model to identify duplicate invoices based on Invoice Numbers and Invoice Amounts.
Which two standard filters can be combined to accomplish this? (Choose two.)

A) The "Payables Invoice" object's "Invoice Amount" is equal to itself.
B) The "Payables Invoice" object's "Invoice ID" is similar to the "Payables Invoice" object's "Invoice Number".
C) The "Payables Invoice" object's "Invoice Number" is equal to the "Payables Invoice" object's "Invoice ID."
D) The "Payables Invoice" object's "Invoice Number" is equal to itself.
E) The "Payables Invoice" object's "Supplier ID" does not equal itself.


2. 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) Modify the perspective hierarchy in the last step of initiating assessments.
B) Request the administrator to assign Data Security Policies with correct perspectives to the Assessor's job role.
C) Request the administrator to change the Perspective in Data Security Policy for the Control Manager's job role.
D) Modify the participant list in the last step of initiating assessments.
E) It is not possible to change the participants after Data Security Policies are assigned.


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


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


5. 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) 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".
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) 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%.


Solutions:

Question # 1
Answer: A,D
Question # 2
Answer: D
Question # 3
Answer: A,C
Question # 4
Answer: D
Question # 5
Answer: D

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