Updated Nov-2021 Test Engine to Practice 1Z0-1058-20 Test Questions
1Z0-1058-20 Real Exam Questions Test Engine Dumps Training With 77 Questions
How to Prepare For Oracle Risk Management Cloud 2020 Implementation Essentials 1z0-1058-20 Exam
Preparation Guide for Oracle Risk Management Cloud 2020 Implementation Essentials 1z0-1058-20 Exam
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NEW QUESTION 42
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. Model
- B. Filter
- C. Template
- D. Control
- E. Business object
Answer: A
NEW QUESTION 43
Which two options can be assigned to a duty role? (Choose two.)
- A. Functional Security Policy
- B. Abstract Role
- C. DataSecurity Policy
- D. Job Role
Answer: A,C
NEW QUESTION 44
A user has created and submitted a new control and the state of the control is "In Review." The userexpected that the control state would change to "Approved." Why is the control not in the "Approved" state?
- A. The Control Approver 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 Reviewer role has been assigned to someusers.
Answer: C
NEW QUESTION 45
You are helping your client identify and define their controls. Youhave determined that your client requires two perspectives: Business Units and Regulatory Standards.
The controls are going to be secured by the business unit, and you want to ensure that when the client defines new controls, it is mandatory to assign a Business Units perspective to the control. You are going to set the
"Required" field to "yes" for the Control-Business Units association.
Where do you do this in the product?
- A. The Manage Module Perspectives screen
- B. The Create Control screen
- C. The Manage Object Perspectives screen
- D. The Create Perspectives screen
- E. TheImport template
Answer: D
NEW QUESTION 46
You have five business units in our company, BU1 through BU5. You want to build a transaction model 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 "Organization 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 BU1, BU2, BU3, BU4.
- C. Add a standard filter where the "Payment" object's "Organization ID" is equal to itself.
- D. Add astandard filter where the "Payment" object's "Organization ID" equals BU5, and advanced option
"Exclude" is checked. - E. Add a function filter grouping by "Supplier ID" where the sum of "Payment Amount" is greater than
100,000.
Answer: A,B
NEW QUESTION 47
You have created 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 hersecurity 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 DataSecurity 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 P2PControl Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy.
- B. While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.
- C. Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role.
- D. Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role.
Answer: A,B
NEW QUESTION 48
You are designing data 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. Control Test Plans
- B. Perspective-Control
- C. Controls
- D. Perspective Items
Answer: A,C,D
Explanation:
Explanation
References:
NEW QUESTION 49
Which three tasks should be completed before starting the Financial Reporting Compliance implementation?
(Choose three.)
- A. Identify Financial Reporting Compliance users for everyday use, administration, and sustained use.
- B. Plan to go-live with a simple scope and later expand the solution to include additional business units/organizations/compliance frameworks.
- C. Complete control review and assessment for one period/cycle with the actual business owners.
- D. Create a project plan with objectives, goals, and exit criteria.
- E. Migrate the organization's existing risk and control matrix into Financial Reporting Compliance.
Answer: A,B,C
NEW QUESTION 50
Which two would need to happen in order for Advanced Access Controls (AAC) to automatically assign a status of "Closed" to an access incident? (Choose two.)
- A. The incident is resolved using simulation in AAC and a subsequent evaluation of controls finds that the incident no longer exists.
- B. A user sets the State of the incident to "Remediate".
- C. A global condition was added that resolves the conflict and a subsequent evaluation of controls finds that the incident no longer exists.
- D. A user sets the Status of the incident to "Resolved".
- E. The incident is resolved inFusion Cloud and a subsequent evaluation of controls finds that the incident no longer exists.
Answer: B,E
NEW QUESTION 51
You have created a risk definition R100 and have created a new control C100 for this risk. No user has been assigned the Risk or Control reviewer and approver roles. What will be the state of R100 and C100 after submitting?
- A. BothR100 and C100 will be in the "New" state.
- B. Both R100 and C100 will be in the "Awaiting Approval" state.
- C. Both R100 and C100 will be in the "In Review" state.
- D. Both R100 and C100 will be in the "Approved" state.
Answer: B
NEW QUESTION 52
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. Two jobs will run for the two objects based on transactions dated after 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 ontransactions dated before the Transaction Created As of Date.
- D. One job will run for the two objects based on transactions dated after the Transaction Created As of Date.
Answer: D
NEW QUESTION 53
You are gathering requirements on how your client performs control assessments. Which three tasks should you complete to set up assessments in Financial Reporting Compliance? (Choose three.)
- A. Determinethe main objectives of deploying the control.
- B. Determine if control assessments are planned ahead of time or are run impromptu.
- C. Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.
- D. Understand the sample size for each audit test.
- E. Identify the type of assessments included in each assessment cycle.
Answer: B,C,D
NEW QUESTION 54
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 isstored 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 "Payment" object. One both objects are in your model, add this standardfilter: the "Payment" object's "Remit to Supplier Name" is similar to the custom object's "Company Name" by 95%.
- B. You cannot define this model because imported objects from a file cannot be used with delivered objects.
- C. 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".
- D. 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".
Answer: D
NEW QUESTION 55
Your client has asked you to define a transaction model to identify duplicate invoices based on Invoice Numbers and Invoice Amounts.
Which twostandard filters can be combined to accomplish this? (Choose two.)
- A. The "Payables Invoice" object's "Invoice ID" is similar to the "Payables Invoice" object's "Invoice Number".
- B. The "Payables Invoice" object's "Invoice Number" 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 Amount" is equal to itself.
- E. The "Payables Invoice" object's "Supplier ID" does not equal itself.
Answer: C,E
NEW QUESTION 56
Your client needs to perform Design Review and Certification assessment for all their controls. Identify two options that show how this requirement can be met. (Choose two.)
- A. Option C
- B. Option A
- C. Option E
- D. Option B
- E. Option D
Answer: B,E
NEW QUESTION 57
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. .xlsx
- B. .txt
- C. .pdf
- D. .doc
- E. .xml
Answer: E
NEW QUESTION 58
Which two filters must be combined to identify different suppliers who use the same taxpayer ID? (Choose two.)
- A. Standard filter where the "Supplier" object's "Allow Withholding Tax" is not blank.
- B. Function filter grouping by "Taxpayer ID" where count is greater than 1.
- C. Standard filter where the "Supplier" object's "Taxpayer ID" is not blank.
- D. Function filter grouping by "Supplier ID" where count is greater than 1.
- E. Standard filter where the "Supplier" object's "Supplier ID" is equal to itself.
Answer: C,D
NEW QUESTION 59
After adding a new control in Financial Reporting Compliance, the control owner clicks Submit. Users with theControl Reviewer and Control Approver roles exist.
What is the expected outcome?
- A. The control goes into the "In Review" state.
- B. The control goes into the "Waiting for Approval" state.
- C. The control goes into the "Approved" state.
- D. The control goes into the "New" state.
Answer: A
NEW QUESTION 60
When you view or edit a transaction incident, you may seeextra columns that are not present in the business objects used in the control.
What three kinds of control logic or conditions can cause this? (Choose three.)
- A. Between (when using a date attribute)
- B. Not in
- C. Average Function
- D. Equals (when the same attribute is used on both sides of the condition)
- E. Similar
Answer: A,B,C
NEW QUESTION 61
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