Most Recent Oracle 1Z0-1058-23 Exam Dumps

Prepare for the Oracle Risk Management Cloud 2023 Implementation Professional exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the Oracle 1Z0-1058-23 exam and achieve success.

The questions for 1Z0-1058-23 were last updated on Apr 1, 2025.

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Question No. 1

Which controls can user A access and manage for the following Control Manager role configuration? See details of perspective trees and control-perspective association below.

ANone

BControls 2 and 3

COnly Control 1

DAll controls

EControls 1, 2, and 3

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Correct Answer: B

Question No. 2

Which three are true about implementing a best practice solution for Financial Reporting Compliance? (Choose three.)

ALarge scope of project requires high effort for maintenance and administration.

BIt promotes rapid implementation and go-live.

CIt promotes go-live with minimal acceptance testing and user training.

DIt provides maximum return on investment with minimum project risk.

EIt promotes successful adoption and minimizes on-going cost of operation.

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Correct Answer: B, D, E

Question No. 3

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

AReview and approve the accuracy and completeness of control descriptions.

BGain real-time access to live financial data and proactively resolve issues.

CContinuously monitor financial transactions and role-based remediation of transaction incidents.

DReview control assessment results, along with any effectiveness issues found.

EProvide self-service access to reporting and analysis against financial transactions.

FConduct intuitive audits of general ledger balances with journal details.

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Correct Answer: A, C

Question No. 4

You have defined an initial Perspective Hierarchy for your client in the Advanced Controls module. After refining their business requirements, your client wants to expand the existing hierarchy to include 150 perspective items in various levels. For efficient processing, you decide to use the GRC data migration feature to import the new items.

Which three are valid processing steps required to define the export file? (Choose three.)

ANavigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.

BGenerate Template as Without Data.

CNavigate to Manage Module Perspectives.

DGenerate Template as Without Data -- Perspectives Only.

EClick the Create Import Template button.

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Correct Answer: A, B, C

Question No. 5

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.)

AIdentify the type of assessments included in each assessment cycle.

BUnderstand the sample size for each audit test.

CDetermine if control assessments are planned ahead of time or are run impromptu.

DDetermine the main objectives of deploying the control.

EDetermine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.

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Correct Answer: B, C, E

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