Oracle 1Z0-1058-20 Online Practice Questions and Exam Preparation

Oracle 1Z0-1058-20 Online Questions & Answers

• Question 1:

  During implementation, you created a risk object and successfully mapped it to a control object. The client's Risk Owner is able to access the risk but not the control. Why did this happen?

  A. The Risk Administrator needs to run the synchronize jobs to populate the mapping.
  B. The Risk Owner account is inactive.
  C. The Risk Owner role does not have the right privileges.
  D. The risk and control objects are inactive and need to be made active.
  C. The Risk Owner role does not have the right privileges.

• Question 2:

  You have two segregation 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 requirements be met in Advanced Access Controls?

  A. Construct one model with three condition filters where the Function Name Equals "Create Supplier", "Create Invoice" and "Create Payment"
  B. Construct two models, and create controls based on the models: "Create Supplier and Create Invoice", "Create Invoice and Create Payment"
  C. Construct three controls, and create controls based on the models: "Create Supplier and Create Invoice", "Create Invoice and Create Payment", "Create Supplier and Create Payment"
  D. Construct one model: "Create Supplier and Create Invoice and Create Payment"
  E. Construct one entitlement: "Create Supplier and Create Invoice and Create Payment"
  D. Construct one model: "Create Supplier and Create Invoice and Create Payment"

• Question 3:

  You have scheduled quarterly assessments for a Control object at the beginning of the year with future dates. However, the test plans associated with the Control object were updated before the assessment could be started. Which statement is true about this scenario?

  A. The user will have the option to select the older or newer versions of the test plans during the assessment process.
  B. The scheduled assessment process will end in error.
  C. The assessment will be associated with the version of the test plans from the time of assessment initiation.
  D. The updated test plans will become available during the assessment.
  C. The assessment will be associated with the version of the test plans from the time of assessment initiation.

• Question 4:

  You are configuring security and you do not want the risks to go through the review and approve process each time they are updated. How will you meet this requirement?

  A. Add the Risk Reviewer Composite duty role to the person who creates the risks so he or she would be able to review them before saving the record.
  B. Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.
  C. Ensure that only the upper management is given the Risk Reviewer Composite duty role so they could review the risks that they want to review.
  D. Ensure that no user has been assigned a job role that includes the Risk Reviewer Composite or Risk Approver Composite Duty Role.
  B. Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.

• Question 5:

  You want to identify Controls with the most Incidents, with the condition that the identified Controls should have 80% of all Incidents. To do this, you have imported a custom object that contains the number of incidents associated with each

  control, and have added that object to a transaction model.

  Which pattern filter must you now apply?

  A. Anomaly Detection
  B. Mean
  C. Pareto
  D. Absolute Deviation
  E. Clustering
  C. Pareto

• Question 6:

  You have imported risks in Financial Reporting Compliance using data migration. Your client is asking if you can add controls for these risks. Which two statements are true? (Choose two.)

  A. To relate controls to risks, the risks must be in "approved" state.
  B. You cannot use the Data Migration tool to add control records to map to existing risks.
  C. You can use the Data Migration tool to add control records for the existing risks.
  D. To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.
  E. You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
  C. You can use the Data Migration tool to add control records for the existing risks.
  D. To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.

• Question 7:

  How do you identify Financial Reporting Compliance Cloud's key stakeholders?

  A. Identify users who need to create and submit expense reports easily.
  B. Identify users who will create customer invoices, and receive and apply customer payments.
  C. Identify executives who need to certify internal controls for SOX or similar mandates.
  D. Identify executives who will manage customer balances and recognize revenue.
  D. Identify executives who will manage customer balances and recognize revenue.

• Question 8:

  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 Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.
  B. Configure Module Objects > Edit Risk Object Configuration > Treatment = Show
  C. Configure Module Objects > Edit Risk Object Configuration > Treatment = Hide and Default
  D. Configure Module Objects > Edit Control Object Configuration > Result = Show
  E. Configure Module Objects > Edit Risk Object Configuration > Result = Show
  D. Configure Module Objects > Edit Control Object Configuration > Result = Show

• Question 9:

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

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

• Question 10:

  Which two filters must be combined to identify different suppliers who use the same taxpayer ID? (Choose two.)

  A. Function filter grouping by "Supplier ID" where count is greater than 1.
  B. Standard filter where the "Supplier" object's "Supplier ID" is equal to itself.
  C. Function filter grouping by "Taxpayer ID" where count is greater than 1.
  D. Standard filter where the "Supplier" object's "Allow Withholding Tax" is not blank.
  E. Standard filter where the "Supplier" object's "Taxpayer ID" is not blank.
  A. Function filter grouping by "Supplier ID" where count is greater than 1.
  E. Standard filter where the "Supplier" object's "Taxpayer ID" is not blank.