1Z0-1058-20 | Oracle Risk Management Cloud 2020 Implementation Essentials
Candidates preparing for Oracle Risk Management Cloud 2020 Implementation Essentials | 1Z0-1058-20 exam are required to perform Advanced Controls Configuration including Advanced Access and Financial Controls. As an Oracle 1Z0-1058-20 Specialist you should also have the expertise to work in the following areas:
- Accumulate implementation requirements for Risk Management
- Include Financial Reporting Compliance Implementation
- Performing initial configuration and data migration
- Configuring security
- Managing Objects, Assessments, and Issues
Target Audience
- Implementers
- Administrators
- Business Users
Oracle 1Z0-1058-20: Exam details
| Exam Title: | Oracle Risk Management Cloud 2020 Implementation Essentials |
|---|---|
| Exam Number: | 1Z0-1058-20 |
| Exam Price: | $245 |
| Format: | Multiple Choice |
| Duration: | 85 Minutes |
| Number of Questions: | 60 |
| Passing Score: | 65% |
| Validated Against: | The exam has been validated against Oracle Risk Management Cloud, release 19D, 20A and 20B. The previous exam was validated against 19C. |
Oracle 1Z0-1058-20: Course outline
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
Scheduling Oracle 1Z0-1058-20 Exam
Oracle 1Z0-1058-20 exam can be scheduled with the Oracle external testing provider PearsonVue, either by directly paying with a credit card or by redeeming the voucher you’ve purchased from Oracle.
Oracle 1Z0-1058-20: Exam Policies
Oracle Certification provides certain exam policies to help candidates understand the entire procedure and abide by prescribed conditions. However, candidates studying for the Oracle 1Z0-1058-20 exam must go through these exam policies and get information about the exam. Some of them include:
1. Retake Policy
Registration for retaking the exam will be allowed from the 14th day of exam failure. An online non-proctored exam may be taken at any time but you are not allowed to retake a passed exam. Only 4 attempts are allowed to pass an exam in a 12-month period. Resubmission of a failed Master Assignment within 30 days of receiving the notification of failing is a must.
2. Cloud Re-certification Policy
Oracle Cloud Certification credentials are valid only for a period of 18 months from the date you pass the exam. This certification will become inactive at the end of 18 months. For Oracle candidates, in order to have access to various certification benefits like using Oracle certification logos, certificates, scoring reports, digital badges, and certification verification it is necessary to hold an active certification. Moreover, the Oracle Cloud Certifications are updated continuously throughout the year for keeping current with major product and service releases and re-released on an annual basis with a new title. Therefore, you have to re-certify yourself with the latest version of the exam.
3. Cancellation Policy
To cancel or reschedule the exam, you should go to pearsonvue.com/oracle and login to the account. However, if you do not appear for a scheduled exam your full exam fee will get forfeited. If the exam fee is paid through a voucher then that voucher will be invalidated for future use.
For more details visit: 1Z0-1058-20 | Oracle Risk Management Cloud 2020 Implementation Essentials FAQ
Oracle 1Z0-1058-20: Preparatory Guide
The preparatory Guide is meant to ease the whole process of certification. It will give you an overview of the entire course structure, starting from the intended exam objective, learning resources, and ending with you achieving the desired certification. So, remember to go through this Preparatory guide.
1. Oracle Financials Cloud Learning Subscription
With Oracle Financials Cloud Learning subscription, you will get in-depth knowledge about Oracle Financials Cloud. One attempt at each Oracle Cloud implementation certification exam is included in this subscription, which will enable you to become Oracle certified. You can access comprehensive and high-quality training videos delivered by Oracle experts and practice what you have learned with hands-on labs using live cloud environments. In addition to all these amazing features, the training in this learning subscription is updated with each new product release enabling you to stay current on key product enhancements. Some of the features of this learning subscription are:
- 24/7 access for 12 months
- Online courses
- Learning paths
- Hands-on labs
- Access to instructors
- Certification exams
- Updates for each product release
2. Learning Path
You will develop a thorough understanding as to how to implement, administer, and use the risk management cloud service. This will help you and your business can better manage financial transactions and reporting requirements.
Introduction to Oracle Financials Cloud
Introduction to Oracle Financials Cloud is an introductory course that will help you gain an understanding of how you can leverage the capabilities of the Financials Cloud solution and empower your team to streamline the financial business processes and accelerate the decision making with access to real-time information access.
Oracle Risk Management Cloud: Advanced Controls and Financial Reporting Compliance Fundamentals
Oracle Risk Management Cloud: Advanced Controls and Financial Reporting Compliance Fundamentals is an advanced knowledge level course that aims to make you aware of Oracle’s best practices and solution for streamlining processes and automating labor-intensive tasks for financial reporting compliance with SOX and similar mandates. This course also includes advanced controls to detect risk inherent in the access granted to users of business applications and uncover risk exhibited by transactions completed on business applications.
3. Join Study Groups
Joining study groups is an excellent way to get yourself fully involved with the certification exam you have applied for. These groups contain both beginners as well as professionals which makes it informative and interactive. So, you should make full use of these groups, ask queries, and gather information related to the exam. Due to the presence of experienced professionals these groups are always updated with the latest changes.
4. Practice Tests
Practice tests are of utmost importance in the preparation for any kind of exam. The best way to assess your progress is by solving practice tests as and when a topic or section is completed. This will not only help you remember things but also spot your weak areas. Therefore, practice now with testpreptraining.com to excel in your exams.
