[Jan 31, 2022] Fully Updated Oracle Risk Management Cloud (1Z0-1058-21) Certification Sample Questions
Latest Oracle 1Z0-1058-21 Real Exam Dumps PDF
NEW QUESTION 21
When validating imported data, the control manager at your client has identified anincorrect Risk-Control mapping; that is, Control A was mapped incorrectly to Risk B instead of Risk A.
What needs to be done to fix the mapping?
- A. Option B
- B. Option D
- C. Option C
- D. Option A
Answer: A
NEW QUESTION 22
During an assessment, an issue was created. Your job as the Issue Manager is to review the issues and validate them. If it is determined that they are not valid issues, you need to close them. You have found an issue that is not validand with Status: Open and State: Reported.
Identify the correct step to close this issue.
- A. Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.
- B. After you have completed the remediation plan, click the Close button on the Remediation Plan page.
- C. On the Manage Issues page, highlight the issue and click the Close button.
- D. The assessment associated to the issue must be completed before closing the issue.Only then can you close the issue.
Answer: D
NEW QUESTION 23
How do you populate the Control Method field with a new custom value, such as a third-party application'?
- A. Use Lookup Code of the new lookup value.
- B. Use Lookup Type of the new lookup value.
- C. Use Lookup Meaning of the new lookup value.
- D. Enter the new value directly in the Control method field.
Answer: D
NEW QUESTION 24
You have five business units in our company, BU1 through BU5. You want to build a transactionmodel to identify suppliers who have been paid more than $100,000 USD across all business units except BU5.
Which two filters must be combined? (Choose two.)
- A. Add a function filter grouping by "Supplier ID" where the sum of "Payment Amount" is greater than
100,000. - B. Add a standard filter where the "Payment" object's "Organization ID" equals BU5, and advanced option
"Exclude" is checked. - C. Add a standard filter where the "Payment" object's "Organization ID" equals BU1, BU2, BU3, BU4.
- D. Add a standard filter where the "Payment" object's "Organization ID" is equal to itself.
- E. Add a function filter grouping by "Organization ID" where the sum of "Payment Amount" is greater than 100,000.
Answer: C,E
NEW QUESTION 25
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 and the Transaction Created As of Date has no impact on the data.
- B. One job will run for the two objects based on transactions dated afterthe Transaction Created As of Date.
- C. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.
- D. One job will run for the two objects based on transactions dated before the Transaction Created As of Date.
Answer: B
NEW QUESTION 26
You are implementing Advanced Financial Controls and you want to identify suspect transactions where the payment amount is less than $20 USD. However, you only want the results returned to be temporary.
What will you build in order to accomplish your objective?
- A. Business object
- B. Filter
- C. Model
- D. Control
- E. Template
Answer: C
NEW QUESTION 27
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 has a related process.
- B. The Control comment filed has a notation for "Audit Test."
- C. The Assessment Flag and the Audit Testing Flag are both set to "Y."
- D. The Control status filed is set to "Audit Test."
Answer: A
NEW QUESTION 28
You are building a transaction model to identify invoices with USD amounts that are greater than the supplier's average invoice amount. The order of the filters is important.
1. Add an "Average" Function filter grouping by "Supplier ID" where "Invoice Amount" is greater than 0.
2. Add a standard filter where "Invoice Currency" equals "USD."
3. Add a standard filter where the delivered "Average Value" attribute is less than "Invoice Amount." What is the correct order of the filters for thistransaction model?
- A. 1, 3, 2
- B. 1, 2, 3
- C. 2, 3, 1
- D. 2, 1, 3
- E. 3, 2, 1
Answer: B
NEW QUESTION 29
Which three statements are true about the purpose of perspectives? (Choose three.)
- A. Perspectives can be used to represent regional hierarchies.
- B. Perspectives are used to enable data security on Financial Reporting Compliance objects.
- C. Perspectives can be used to define user privileges.
- D. Perspectives can be used for categorizing Financial Reporting Compliance objects.
- E. Perspectives enable functional security in Financial Reporting Compliance.
Answer: A,B,E
NEW QUESTION 30
You are remediating access incidents inAdvanced Access Controls (AAC), and have just completed the remediation of a segregation of duties conflict for users in Fusion Security by removing the conflicting access from the users.
What status do you set for the incident in AAC?
- A. Remediation
- B. Remedy
- C. Resolved
- D. Accepted
- E. Authorized
Answer: A
NEW QUESTION 31
During implementation, you created a Financial Reporting Compliance superuser and assigned this user the following roles:
* Enterprise Risk and Control Manager
* IT SecurityManager
* Employee
The superuser logs in to Financial Reporting Compliance but is not able to create new Data Security Policies.
What is wrong?
- A. The superuser's account is inactive and his or her account needs to be activated.
- B. The superuser's account is not yet approved by his or her supervisor in Financial Reporting Compliance.
- C. The superuser's account is created but the synchronization jobs have not been run.
- D. The application will notallow a user to both create users and assign them roles.
Answer: C
NEW QUESTION 32
You havecreated security roles for the Procure-to-Pay (P2P) Control Manager for the EMEA region in your client's organization. But, there are two problems with his or her security configuration.
Problem 1: This person should not receive notifications to complete control assessments, but currently he or she does.
Problem 2: Also, although he or she has access to controls associated with EMEA, he or she is unable to access controls created for individual regions within EMEA.
You have given him or her the following job role:
* EMEA P2P Control Manager Job Role
* Seeded Control Manager Duty Composite
* Seeded Control Certification Assessor Duty Composite
* EMEA P2P Control Manager Data Security Policy
* Seeded Control Manager Data Security Policy
* Perspective filter where Region Perspective "equals" EMEA
* Perspective filter where Process Perspective "equals" P2P
Which two actions need to be taken to correct the problems? (Choose two.)
- A. Add to the EMEA P2P Control Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy.
- B. Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role.
- C. While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.
- D. Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role.
Answer: A,C
NEW QUESTION 33
You have twosegregation of duties requirements:
1) a user can access either the supplier creation pages or the invoice pages, but not both.
2) a user can access either the invoice creation pages or the payment creation pages, but not both.
How must these requirementsbe met in Advanced Access Controls?
- A. Construct one entitlement: "Create Supplier & Create Invoice & Create Payment"
- B. Construct one model:"Create Supplier & Create Invoice & Create Payment"
- C. Construct one model with three condition filters where the Function Name Equals "Create Supplier",
"Create Invoice" and "Create Payment" - D. Construct two models, and create controls based on the models: "Create Supplier & Create Invoice",
"Create Invoice & Create Payment" - E. Construct three controls, and create controls based on the models: "Create Supplier & Create Invoice",
"Create Invoice & Create Payment", "Create Supplier & Create Payment"
Answer: B
NEW QUESTION 34
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 = Show
- B. Configure Module Objects > Edit Risk Object Configuration > Treatment = Hide and Default
- C. Configure Module Objects > Edit Risk Object Configuration > Result = Show
- D. Configure Module Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.
- E. Configure Module Objects > Edit Control Object Configuration > Result = Show
Answer: E
NEW QUESTION 35
Which three riskassessment activity types are available in Financial Reporting Compliance? (Choose three.)
- A. Quantitative Analysis
- B. Certify
- C. Audit
- D. Design Review
- E. Assess Risk
- F. Qualitative Analysis
Answer: B,D,E
NEW QUESTION 36
You are working with the customer to gather Risk-Control data for the data import process. The customer has information in multiple formats. Which format should be used for importing the data?
- A. .txt
- B. .pdf
- C. .doc
- D. .xlsx
- E. .xml
Answer: E
NEW QUESTION 37
You are designingdata for data import. The customer decided that they want to secure controls based on their company organization.
Which three worksheets of the import template are required to accomplish this requirement? (Choose three.)
- A. Controls
- B. Perspective Items
- C. Perspective-Control
- D. Control Test Plans
Answer: A,B,D
NEW QUESTION 38
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