[2022] 1z0-1058-22.pdf - Questions Answers PDF Sample Questions Reliable
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NEW QUESTION 34
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 Control Method was not set to a valid value.
- B. Data security policies for Controls were not created.
- C. The parent process was never approved.
- D. The Controls were not related to any risk objects.
Answer: A
NEW QUESTION 35
You can relate objects in Financial Reporting Compliance. Which statement is true about editing or creating related objects in the Related Objects section on the Risk Definition page?
- A. You can relate only control objects.
- B. You can relate a new process and a new control.
- C. You can relate only an existing control, but not a new control.
- D. You can relate only process objects.
Answer: B
NEW QUESTION 36
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 after the Transaction Created As of Date.
- C. One job will run for the two objects based on transactions dated before the Transaction Created As of Date.
- D. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.
Answer: B
NEW QUESTION 37
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 A
- B. Option D
- C. Option E
- D. Option B
- E. Option C
Answer: A,B
NEW QUESTION 38
Which three risk assessment activity types are available in Financial Reporting Compliance? (Choose three.)
- A. Quantitative Analysis
- B. Qualitative Analysis
- C. Audit
- D. Assess Risk
- E. Certify
- F. Design Review
Answer: D,E,F
NEW QUESTION 39
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 enable functional security in Financial Reporting Compliance.
- C. Perspectives are used to enable data security on Financial Reporting Compliance objects.
- D. Perspectives can be used to represent regional hierarchies.
- E. Perspectives can be used to define user privileges.
Answer: B,C,D
NEW QUESTION 40
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. Perspective Items
- B. Controls
- C. Perspective-Control
- D. Control Test Plans
Answer: A,B,D
NEW QUESTION 41
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 Objects > Edit Control Object Configuration > Result = Show
- 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 Risk Object Configuration > Treatment = Show
Answer: B
NEW QUESTION 42
When validating imported data, the control manager at your client has identified an incorrect 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 A
- C. Option D
- D. Option C
Answer: A
NEW QUESTION 43
Your client has three operating units.
What are two ways in which you can exclude an operating unit where there are not enough personnel to allow segregation of duties? (Choose two.)
- A. In a model, create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.
- B. Navigate to the Create Access Global Condition page and create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.
- C. In a model, create a new condition logic filter, select the operating unit attribute and select the operating unit value.
- D. In a model, create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.
- E. Navigate to the Create Access Global Condition page and create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.
Answer: A,B
NEW QUESTION 44
You have built a transaction model to identify possible duplicate charges between invoicing and expense credit cards. The model logic already includes two standard filters that identify amounts and suppliers that are the same or similar, as shown:
Which additional date filter will further refine the set of duplicate charges found?
- A. The "Expense Report Credit Card Transaction" object's "Last Updated Date" attribute is greater than the "Relative Value" of 3 months.
- B. The "Payables Invoice" object's "Invoice Date" attribute is greater than the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute.
- C. The "Expense Report Credit Card Transaction" object's "Transaction Date" attribute is not blank.
- D. The "Payables Invoice" object's "Invoice Date" attribute is similar to the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute within +/- 10 days.
Answer: D
NEW QUESTION 45
Which controls can user A manage for the following Control Manager role Configuration? See details of perspective trees and control-perspective association below.
- A. None
- B. Controls 2 and 4
- C. Controls 1, 2, and 4
- D. All controls
- E. Controls 1 and 2
Answer: E
NEW QUESTION 46
Which two activities can be performed using Financial Reporting Compliance? (Choose two.)
- A. Gain real-time access to live financial data and proactively resolve issues.
- B. Continuously monitor financial transactions and role-based remediation of transaction incidents.
- C. Provide self-service access to reporting and analysis against financial transactions.
- D. Review control assessment results, along with any effectiveness issues found.
- E. Review and approve the accuracy and completeness of control descriptions.
- F. Conduct intuitive audits of general ledger balances with journal details.
Answer: B,E
NEW QUESTION 47
A Control Manager has changed the status of an issue to "In Remediation" and has submitted it.
What will be the state of the Issue if there is no issue validator, reviewer, or approver configured?
- A. In Edit
- B. In Review
- C. Reported
- D. Active
- E. Approved
Answer: C
NEW QUESTION 48
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 is stored in a file.
Which transaction model will identify payments made to these companies?
- A. 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".
- B. 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".
- C. You cannot define this model because imported objects from a file cannot be used with delivered objects.
- D. 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 standard filter: the "Payment" object's "Remit to Supplier Name" is similar to the custom object's "Company Name" by 95%.
Answer: B
NEW QUESTION 49
Which three objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)
- A. Processes
- B. Controls
- C. Risks
- D. Perspectives
- E. Assessments
- F. Test Plans
Answer: A,B,C
NEW QUESTION 50
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: Approved
- B. Status: On Hold; State: Awaiting Approval
- C. Status: On-Hold; State: Reported
- D. Status: Closed; State: Closed - Awaiting Approval
- E. Status: Open; State: In Edit
- F. Status: On Hold; State: In Review
- G. Status: Open; State: New
- H. Status: Closed; State: Final Close
Answer: A,E,F,G
NEW QUESTION 51
The control manager needs to associate an existing test plan to an additional assessment type, Audit Test. The existing test plan is associated only with the Design Review assessment type.
How can this be accomplished?
- A. The control's test plan should be updated to Audit Test as the assessment type.
- B. The control manager does not need to update the control because any initiated assessment will include all control test plans.
- C. The control's test plan should be updated to include both Audit Test and Design Review as assessment types.
- D. The control manager should create a new test plan with Audit Test and Design Review as assessment types.
Answer: C
NEW QUESTION 52
You need to schedule the report "Access Violations by User." Which two steps do you take to create the saved parameters for the report schedule? (Choose two.)
- A. Select Display Scheduled Reports.
- B. Navigate to Administration Reports.
- C. Click Save Report Parameters to create saved settings.
- D. Highlight the report name and click Run Now.
- E. Navigate to Scheduling under Setup and Administration.
Answer: C,D
NEW QUESTION 53
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