Oracle Risk Management Cloud 2018 : 1Z0-958 Exam

  • Exam Code: 1Z0-958
  • 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. You are validating your customer's import template before import. The customer requires that all controls be set up so they are noted to be used for the Audit Test assessment type. How do you verify that this has been done?

A) The Control comment filed has a notation for "Audit Test."
B) The Control has a related process.
C) The Control status filed is set to "Audit Test."
D) The Assessment Flag and the Audit Testing Flag are both set to "Y."


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

A) It promotes rapid implementation and go-live.
B) Large scope of project requires high effort for maintenance and administration.
C) It promotes successful adoption and minimizes on-going cost of operation.
D) It provides maximum return on investment with minimum project risk.
E) It promotes go-live with minimal acceptance testing and user training.


3. Which three steps can be performed by using the Configure Module Objects pages? (Choose three.)

A) Choose display (or hide) configurable options for: results, events, consequences and treatments.
B) View assessment response details for all assessment types.
C) Create object data import templates.
D) Set "object-perspective" association.
E) Edit the assessment activity question and guidance text for all assessment types.


4. An organization has a list of companies with which they no longer wish to do business. The list is not stored in their ERP Could but is stored in a file.
Which transaction model will identify payments made to these companies?

A) Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payables Invoice" object. Once both objects are in your model, add this standard filter: the "Payables Invoice" object's "Supplier Name" equals the custom object's "Company Name".
B) Add a configurable attribute "Company Name" to Oracle's pre-built "Payment" object. Then add this standard filter: "Remit to Supplier Name" equals "Company Name".
C) You cannot define this model because imported objects from a file cannot be used with delivered objects.
D) Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payment" object. One both objects are in your model, add this standard filter: the "Payment" object's "Remit to Supplier Name" is similar to the custom object's "Company Name" by 95%.


5. When running Synchronize Transaction from the Data Sources page of Application Configurations, which statement is true when you have two models using invoice and payment business objects?

A) One job will run for the two objects based on transactions dated before the Transaction Created As of Date.
B) One job will run for the two objects and the Transaction Created As of Date has no impact on the data.
C) One job will run for the two objects based on transactions dated after the Transaction Created As of Date.
D) Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.


Solutions:

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

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