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Oracle Risk Management Cloud 2023 Implementation Professional Sample Questions:

1. Identify the four statuses and states in which you can edit an issue's description, assuming you have the necessary privileges to edit the issue. (Choose four.)

A) Status: Open; State: New
B) Status: On-Hold; State: Reported
C) Status: Open; State: Approved
D) Status: Closed; State: Final Close
E) Status: On Hold; State: Awaiting Approval
F) Status: Closed; State: Closed - Awaiting Approval
G) Status: Open; State: In Edit
H) Status: On Hold; State: In Review

2. You have completed the data import process with no errors. You created process, risks, controls, and one perspective. Controls were related to perspectives. You have provided the customer with the Control Manager security role. When the customer logs in to Financials Risk Compliance (FRC), the customer cannot see any controls.
Which step was missed during the import process?

A) The Controls were not related to any risk objects.
B) The parent process was never approved.
C) Data security policies for Controls were not created.
D) The Control Method was not set to a valid value.

3. Which two activities can be performed using Financial Reporting Compliance? (Choose two.)

A) Provide self-service access to reporting and analysis against financial transactions.
B) Gain real-time access to live financial data and proactively resolve issues.
C) Review and approve the accuracy and completeness of control descriptions.
D) Continuously monitor financial transactions and role-based remediation of transaction incidents.
E) Review control assessment results, along with any effectiveness issues found.
F) Conduct intuitive audits of general ledger balances with journal details.

4. How do you add values to a Risk Type list of values?

A) Add the lookup codes to the GRC_RISK_TYPE Lookup Type.
B) Populate the Import template with the new values in the Issue Severity column on the Controls tab.
C) Use the default lookup codes because there is no way to update the existing ones.
D) Add the lookup codes to the GRCM_RISK_TYPE Lookup Type.
E) Because you cannot add new values, update one of the existing lookup codes to what the client wants it to be.

5. Your client has asked you to define a transaction model to identify duplicate invoices based on Invoice Numbers and Invoice Amounts.
Which two standard filters can be combined to accomplish this? (Choose two.)

A) The "Payables Invoice" object's "Supplier ID" does not equal itself.
B) The "Payables Invoice" object's "Invoice Amount" is equal to itself.
C) The "Payables Invoice" object's "Invoice Number" is equal to the "Payables Invoice" object's "Invoice ID."
D) The "Payables Invoice" object's "Invoice Number" is equal to itself.
E) The "Payables Invoice" object's "Invoice ID" is similar to the "Payables Invoice" object's "Invoice Number".

Solutions: