Different versions for different study habits — PDF, test engine, online engine. Choose yours: the Oracle Risk Management Cloud 2021 Implementation Essentials material at PracticeVCE, 77 practice questions for the 1Z0-1058-21 exam in 2026.
Oracle 1Z0-1058-21 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Risk Management Cloud 2021 Implementation Essentials |
| Exam Number: | 1z0-1058-21 |
| Related Certifications: | Oracle Cloud Applications Certification |
| Exam Duration: | 90 minutes |
| Exam Price: | USD 245 |
| Certificate Validity Period: | Perpetual |
| Real Exam Qty: | 70 |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| Passing Score: | 60% |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored testing at Pearson VUE centers or through Oracle's online proctoring system |
| Pre Condition: | Basic knowledge of Oracle Cloud applications and risk management concepts recommended. Familiarity with financial compliance and regulatory frameworks is beneficial. |
| Official Syllabus URL: | https://education.oracle.com/oracle-risk-management-cloud-2021-implementation-essentials-exam/ |
Oracle 1Z0-1058-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Risk Management Core Functions | 25% | - Create and manage risk registers - Implement risk response and treatment plans - Define risk taxonomy and categories - Perform risk assessment and scoring |
| Topic 2: Configuring Oracle Risk Management Cloud | 20% | - Configure integration with external systems - Set up the application including users, roles, and security - Implement risk management configurations - Define organization structure and business hierarchy |
| Topic 3: Reporting and Analytics | 10% | - Use analytics for risk insights - Generate standard and custom reports - Create dashboards and visualizations |
| Topic 4: Testing and Implementation Best Practices | 10% | - Plan and execute implementation testing - Change management and user adoption - Data migration considerations |
| Topic 5: Issues and Action Plans | 15% | - Manage issues lifecycle - Create and track action plans - Issue remediation and closure |
| Topic 6: Controls Management | 20% | - Control testing and certification - Control deficiency management - Map controls to risks - Design and implement control frameworks |
1Z0-1058-21 Exam FAQ — Stand Out
The Oracle Risk Management Cloud 2021 Implementation Essentials blueprint spans 6 domains — including Controls Management (20%), Issues and Action Plans (15%), Reporting and Analytics (10%). Know your strength and shortcoming per domain; the complete outline above lists every subtopic.
90 minutes for 70 questions. The PracticeVCE test engine simulates the actual test's atmosphere, so you get used to real conditions in advance.
Yes — download the free trial of the Oracle Risk Management Cloud 2021 Implementation Essentials study materials before you buy and judge the profession and accuracy yourself. Purchases include 365 days of free updates, sent automatically and immediately by email; renew afterward at 50% off.
USD 245 per attempt, 60% to pass. A failed attempt is a loss of time and money — prepare steadily with the 77 practice questions for the 1Z0-1058-21 exam at PracticeVCE.
The Oracle Risk Management Cloud 2021 Implementation Essentials is Oracle's certification exam for Oracle Risk Management Cloud, at the Associate level. Passing it is a new start — toward better salary, decent work, and promotion chances. Related credentials include Oracle Cloud Applications Certification.
Basic knowledge of Oracle Cloud applications and risk management concepts recommended. Familiarity with financial compliance and regulatory frameworks is beneficial. Eligibility rules change over time, so verify the current requirements on the official page (official 1Z0-1058-21 exam page) before registering.
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Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:
Which three statements are true about the purpose of perspectives? (Choose three.)
- A. Perspectives can be used for categorizing Financial Reporting Compliance objects.
- B. Perspectives are used to enable data security on Financial Reporting Compliance objects.
- C. Perspectives can be used to define user privileges.
- D. Perspectives enable functional security in Financial Reporting Compliance.
- E. Perspectives can be used to represent regional hierarchies.
Correct Answer: B,D,E 🗳️
How do you identify Financial Reporting Compliance Cloud's key stakeholders?
- A. Identify users who need to create and submit expense reports easily.
- B. Identify executives who will manage customer balances and recognize revenue.
- C. Identify executives who need to certify internal controls for SOX or similar mandates.
- D. Identify users who will create customer invoices, andreceive and apply customer payments.
Correct Answer: B 🗳️
Which filter can be used to identify expense reports that contain suspicious expense type combinations, such as, a report for a single trip that contains taxi, car rental, and mileage expenses?
- A. Inclusive function filter grouped by the "Expense Report Information" object's "Report Number" where the "Expense Type" has an "Equals" condition for values that include taxi, car, mileage.
- B. Inclusive function filter grouped by the "Expense Report Information" object's "Report Number" where the "Expense Type" has an "In" condition for values that include taxi, car, mileage.
- C. Inclusive function filter grouped by the "Expense Report Information" object's "Person" where the
"Expense Type" has an "In" condition for values that include taxi, car, mileage. - D. Inclusive function filter grouped by the "Expense Report Information" object's "Report Number" where the "Expense Type" has an "In" condition for values that include taxi, car, mileage.
- E. Inclusive function filter grouped by the "Expense Report Information" object's "Person" where the
"Expense Type" has an "In" condition for values that include taxi, car, mileage.
Correct Answer: D 🗳️
Your client has subscribed to Financial Reporting Compliance and would like to address risks using treatment plans.
Which option shows the settings that will help in achieving this configuration?
- A. Configure Module Objects > Edit Risk Object Configuration > Treatment = Hide and Default
- B. Configure Module Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.
- C. Configure Module Objects > Edit Risk Object Configuration > Result = Show
- D. Configure Module Objects > Edit Risk Object Configuration > Treatment = Show
- E. Configure Module Objects > Edit Control Object Configuration > Result = Show
Correct Answer: E 🗳️
A user has created and submitted a new control and the state of the control is "In Review." The user expected that the control state would change to "Approved." Why is the control not in the "Approved" state?
- A. The Control Reviewer role has been assigned to some users.
- B. New controls must always be reviewed, irrespective of security configuration.
- C. This user is not a Control Approver; therefore, the status will be "In Review."
- D. The Control Approver role has been assigned to someusers.
Correct Answer: C 🗳️
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