Oracle Risk Management Cloud 2018 : 1Z1-958 exam

1Z1-958
  • Exam Code: 1Z1-958
  • Exam Name: Oracle Risk Management Cloud 2018
  • Updated: Jun 01, 2026
  • Q & A: 76 Questions and Answers

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Oracle Risk Management Cloud 2018 Sample Questions:

1. Which two activities can be performed using Financial Reporting Compliance? (Choose two.)

A) Continuously monitor financial transactions and role-based remediation of transaction incidents.
B) Review and approve the accuracy and completeness of control descriptions.
C) Conduct intuitive audits of general ledger balances with journal details.
D) Review control assessment results, along with any effectiveness issues found.
E) Provide self-service access to reporting and analysis against financial transactions.
F) Gain real-time access to live financial data and proactively resolve issues.


2. You want to identify Controls with the most Incidents, with the condition that the identified Controls should have 80% of all Incidents. To do this, you have imported a custom object that contains the number of incidents associated with each control, and have added that object to a transaction model.
Which pattern filter must you now apply?

A) Mean
B) Anomaly Detection
C) Clustering
D) Pareto
E) Absolute Deviation


3. You are gathering requirements on how your client performs control assessments. Which three tasks should you complete to set up assessments in Financial Reporting Compliance? (Choose three.)

A) Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.
B) Understand the sample size for each audit test.
C) Identify the type of assessments included in each assessment cycle.
D) Determine the main objectives of deploying the control.
E) Determine if control assessments are planned ahead of time or are run impromptu.


4. You can relate objects in Financial Reporting Compliance. Which statement is true about editing or creating related objects in the Related Objects section on the Risk Definition page?

A) You can relate only an existing control, but not a new control.
B) You can relate only control objects.
C) You can relate only process objects.
D) You can relate a new process and a new control.


5. 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) Remedy
C) Accepted
D) Remediation
E) Authorized


Solutions:

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

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