Oracle Risk Management Cloud 2018 : 1Z1-958

1Z1-958 pass collection

Exam Code: 1Z1-958

Exam Name: Oracle Risk Management Cloud 2018

Updated: Aug 28, 2026

Q & A: 76 Questions and Answers

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Oracle 1Z1-958 Exam Syllabus Topics:

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

Oracle Risk Management Cloud 2018 Sample Questions:

Question 1

How do you associate a risk to a control?

A. On the Related Objects tab of control definition, add the risk.
B. The only way to create risk-control associations is through data import.
C. To associate a control to a risk, the control needs to be in the Review state.
D. In the related object section of process definition, add the control to the risk.
E. On the Related Controls tab of risk definition, add the control.


Question 2

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: New
B. Status: On Hold; State: In Review
C. Status: On-Hold; State: Reported
D. Status: Open; State: Approved
E. Status: On Hold; State: Awaiting Approval
F. Status: Closed; State: Final Close
G. Status: Open; State: In Edit
H. Status: Closed; State: Closed - Awaiting Approval


Question 3

Which two options can be assigned to a duty role? (Choose two.)

A. Abstract Role
B. Job Role
C. Functional Security Policy
D. Data Security Policy


Question 4

The GRC Business owner responsible for reviewing and investigating access incidents related to the "Order to Cash" perspective does not see any worklists for the generated results. You have validated that:
1. Other business owners are able to view their assigned worklists without any problem
2. Incidents have been generated for the controls related to Order to Cash
3. The business owner's assigned roles contain the correct functional privileges and data access to the correct perspective values What is the reason the business owner cannot see any worklists for the generated incidents?

A. The business owner was recently assigned the role and the worklist needs to be refreshed.
B. The Control Perspectives are not linked to the control.
C. The Result Management Perspective Assignment has not been linked.
D. Worklist assignment does not include the business owner.
E. The underlying model is not linked to Order to Cash.


Question 5

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 this transaction model?

A. 2, 3, 1
B. 3, 2, 1
C. 1, 3, 2
D. 2, 1, 3
E. 1, 2, 3


Solutions:

Question 1
Answer: E
Question 2
Answer: A,B,D,G
Question 3
Answer: C,D
Question 4
Answer: D
Question 5
Answer: E

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