Oracle Risk Management Cloud 2020 Implementation Essentials (1Z0-1058-20) Practice Exam

Oracle Risk Management Cloud 2020 Implementation Essentials (1Z0-1058-20) 

About Oracle Risk Management Cloud 2020 Implementation Essentials (1Z0-1058-20) 

An Oracle Risk Management Cloud Service 2020 Certified Implementation Specialist has demonstrated the knowledge required to gather implementation requirements for Risk Management, to include Financial Reporting Compliance Implementation, performing initial configuration and data migration, configuring security, and managing Objects, Assessments, and Issues. They can also perform Advanced Controls Configuration including Advanced Access and Financial Controls. Up-to-date training and field experience are recommended.

Exam Details

• Exam Title: Oracle Risk Management Cloud 2020 Implementation Essentials
• Exam Number: 1Z0-1058-20
• Exam Price: $245 USD
• Format: Multiple Choice
• Duration: 85 Minutes
• Number of Questions: 60
• Passing score: 65%
• Validated Against: Exam has been validated against Oracle Risk Management Cloud, release 19D, 20A and 20B. Previous exam was validated against 19C.

Course Outline

The Oracle Risk Management Cloud 2020 Implementation Essentials (1Z0-1058-20) Exam covers the following topics -

1. Gather Requirements for Risk Management Implementation (fka Gather Requirements for Financial Reporting Compliance Implementation)

Describe Risk Management (fka Describe Financial Reporting Compliance)

Implement the Best Practice Process

Plan to gather information for the implementation

Describe Objects

Design Perspectives, both as it relates to security and reporting

2. Data Migration

Assemble existing risk control matrix data

Explain the steps to import and export data

Populate an import template

Validate an import template prior to import

Troubleshoot errors during an import

3. Manage Objects

Describe how to create objects

Create Control Test Plans

Relate objects to one another

Create Review and Approve workflows for objects

4. Manage Issues

Describe an Issue lifecycle

Create and manage issues

Manage the issue resolution process

Explain security for Issues

5. Advanced Access Controls (fka Application Access Controls Governor)

Explain Entitlements

Create and manage Models and Controls

Configure Conditions

Explain Simulation and Remediation

6. Initial Financial Reporting Compliance Configuration (fka Initial Configuration)

Configure a pod for Financial Reporting Compliance Implementation

Configure Module Objects

Configure and manage Lookups

7. Security

Describe Job roles, Duty roles, and Data Security policies

Configure and assign Job and Duty roles

Configure and create Perspective-based Data Security policies

Describe jobs and processes related to security

8. Manage Assessments

Explain planned and ad-hoc assessments

Initiate ad-hoc assessments

Create assessment templates and plans

Initiate planned assessments

Complete assessments

9. Initial Advanced Controls Configuration (fka Fusion GRC Set Up and Administration)

Create and manage Perspectives

Configure security

Describe modules

Explain reporting

10. Advanced Financial Controls (fka Transaction Controls Governor)

Describe Models and Controls

Configure Filters

Configure Functions

Configure Patterns

Explain Result Management

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