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Oracle 1Z0-1058-21 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Risk Management Cloud 2021 Implementation Essentials
Exam Number:1Z0-1058-21
Certificate Validity Period:18 months
Exam Format:Multiple Response, Multiple Choice
Exam Price:245 USD
Available Languages:English
Passing Score:70%
Exam Duration:120 minutes
Real Exam Qty:77
Recommended Training:Oracle Risk Management Cloud Implementation Training
Exam Registration:Oracle University Exam Page
Pearson VUE Registration
Sample Questions:Oracle 1Z0-1058-21 Sample Questions
Exam Way:Online proctored or at Pearson VUE test centers
Pre Condition:No mandatory prerequisites; hands-on experience with Oracle ERP Cloud and Risk Management Cloud is strongly recommended
Official Syllabus URL:https://education.oracle.com/oracle-risk-management-cloud-2021-implementation-essentials-exam/pexam_1Z0-1058-21

Oracle 1Z0-1058-21 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Risk & Controls Management20%- Define risks, controls, and frameworks
- Deficiency and issue management
- Control testing and certification
Topic 2: Implementation Overview & Best Practices10%- Data migration and change management
- Gather implementation requirements
- Plan and execute testing
Topic 3: Security & Workflow Configuration15%- Set up review and approval workflows
- Manage security policies and access
- Troubleshoot common issues
Topic 4: Financial Reporting Compliance Configuration20%- Manage perspectives and lookups
- Configure pod and security roles
- Import/export risk and control data
Topic 5: Advanced Controls & Transaction Models20%- Advanced access controls setup
- Build and configure transaction models
- Simulation and remediation
Topic 6: Assessment & Result Management15%- Analyze and manage results
- Run planned and ad-hoc assessments
- Create assessment templates and plans

1Z0-1058-21 Exam FAQ: What Candidates Ask Most

The Oracle 1Z0-1058-21 exam, officially titled Oracle Risk Management Cloud 2021 Implementation Essentials, is the required test for earning the Oracle Risk Management Cloud 2021 Certified Implementation Specialist certification, a credential at the Specialist level. Passing it validates the skills Oracle expects from certified professionals.

The 1Z0-1058-21 exam includes 77 questions, and you have 120 minutes to complete it. Before exam day, divide the available time by the question count so you know the pace you need to hold, and practice flagging time-consuming items for review instead of stalling on a single question. Timed sessions in the Actualtests4sure test engine are the easiest way to build that rhythm before it counts.

You need 70% to pass the 1Z0-1058-21 exam, and the official registration fee is 245 USD. Keep in mind that a failed attempt means paying that fee in full again for a retake, so avoid booking your seat on a hunch. Work through the Actualtests4sure practice test until your scores sit comfortably above the passing requirement before you schedule the exam.

Oracle asks candidates to meet the following requirement before registering: No mandatory prerequisites; hands-on experience with Oracle ERP Cloud and Risk Management Cloud is strongly recommended. Exam policies do change, so confirm the latest details on the official exam page at https://education.oracle.com/oracle-risk-management-cloud-2021-implementation-essentials-exam/pexam_1Z0-1058-21 before you book.

You can book your seat through the official registration channels below:

The 1Z0-1058-21 exam is delivered in the following format: Online proctored or at Pearson VUE test centers.

Oracle recommends the following official training for this exam:

A course builds the theory; practice turns it into exam-day performance. Once you finish a class, the 77 practice questions from Actualtests4sure show you how the same knowledge appears in exam-style items.

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The Oracle Risk Management Cloud 2021 Implementation Essentials exam is organized into 6 major domains. Some of the key domains include:

  • Risk & Controls Management, accounting for 20% of the exam
  • Assessment & Result Management, accounting for 15% of the exam
  • Advanced Controls & Transaction Models, accounting for 20% of the exam

Scroll up to the Exam Topics section for the complete breakdown, and use it to plan how much study time each domain deserves.

Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:

Question #1

During implementation, you created a Financial Reporting Compliance superuser and assigned this user the following roles:
* Enterprise Risk and Control Manager
* IT SecurityManager
* Employee
The superuser logs in to Financial Reporting Compliance but is not able to create new Data Security Policies.
What is wrong?

  • A. The superuser's account is not yet approved by his or her supervisor in Financial Reporting Compliance.
  • B. The application will notallow a user to both create users and assign them roles.
  • C. The superuser's account is created but the synchronization jobs have not been run.
  • D. The superuser's account is inactive and his or her account needs to be activated.
Answer: C
Question #2

Which three objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)

  • A. Test Plans
  • B. Assessments
  • C. Processes
  • D. Perspectives
  • E. Risks
  • F. Controls
Answer: C,E,F
Question #3

Identify the fourstatuses 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: Closed; State: Final Close
  • B. Status: Open; State: Approved
  • C. Status: On Hold; State: Awaiting Approval
  • D. Status: Open; State: New
  • E. Status: On Hold; State: In Review
  • F. Status: On-Hold; State: Reported
  • G. Status: Open; State: In Edit
  • H. Status: Closed; State: Closed - Awaiting Approval
Answer: B,D,E,G
Question #4

You are building a transaction model to identify invoices with USD amounts that are greater than the supplier's average invoice amount. The order of the filters is important.
1. Add an "Average" Function filter grouping by "Supplier ID" where "Invoice Amount" is greater than 0.
2. Add a standard filter where "Invoice Currency" equals "USD."
3. Add a standard filter where the delivered "Average Value" attribute is less than "Invoice Amount." What is the correct order of the filters for thistransaction model?

  • A. 1, 2, 3
  • B. 2, 1, 3
  • C. 3, 2, 1
  • D. 1, 3, 2
  • E. 2, 3, 1
Answer: A
Question #5

A Control Manager has changed the status ofan issue to "In Remediation" and has submitted it.
What will be the state of the Issue if there is no issue validator, reviewer, or approver configured?

  • A. In Edit
  • B. Reported
  • C. In Review
  • D. Active
  • E. Approved
Answer: B

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