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

Oracle 1Z0-1058-20 Online Questions & Answers

• Question 31:

  After adding a new control in Financial Reporting Compliance, the control owner clicks Submit. Users with the Control Reviewer and Control Approver roles exist. What is the expected outcome?

  A. The control goes into the "Waiting for Approval" state.
  B. The control goes into the "New" state.
  C. The control goes into the "Approved" state.
  D. The control goes into the "In Review" state.
  D. The control goes into the "In Review" state.

• Question 32:

  Your client has configured separate roles for control assessor and control assessment reviewer. The control assessor has submitted his or her assessment. The control assessor realizes later that he or she has forgotten to attach a critical

  test evidence document to the assessment and needs to attach it now.

  How can this be accomplished?

  A. The assessor can request the reviewer to attach the document during the review.
  B. On the Assessment tab in the Control definition, the assessor can select the assessment and click the Complete Assessment button. He or she can attach the document and resubmit the assessment.
  C. The assessor can request the reviewer to reject the assessment. After the assessment is rejected, the assessor can then attach the document and resubmit the assessment.
  D. On the Manage Assessments page, the assessor can select the assessment and click the Reopen button. He or she can then attach the document and resubmit the assessment.
  D. On the Manage Assessments page, the assessor can select the assessment and click the Reopen button. He or she can then attach the document and resubmit the assessment.

• Question 33:

  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 standard filter where the "Payment" object's "Organization ID" equals BU1, BU2, BU3, BU4.
  B. Add a function filter grouping by "Supplier ID" where the sum of "Payment Amount" is greater than 100,000.
  C. Add a function filter grouping by "Organization ID" where the sum of "Payment Amount" is greater than 100,000.
  D. Add a standard filter where the "Payment" object's "Organization ID" equals BU5, and advanced option "Exclude" is checked.
  E. Add a standard filter where the "Payment" object's "Organization ID" is equal to itself.
  A. Add a standard filter where the "Payment" object's "Organization ID" equals BU1, BU2, BU3, BU4.
  C. Add a function filter grouping by "Organization ID" where the sum of "Payment Amount" is greater than 100,000.

• Question 34:

  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 manager should create a new test plan with Audit Test and Design Review as assessment types.
  B. The control's test plan should be updated to include both Audit Test and Design Review as assessment types.
  C. The control manager does not need to update the control because any initiated assessment will include all control test plans.
  D. The control's test plan should be updated to Audit Test as the assessment type.
  B. The control's test plan should be updated to include both Audit Test and Design Review as assessment types.

• Question 35:

  Which filter can be used to identify expense reports that contain suspicious expense type combinations, such as, a report for a single trip that contains taxi, car rental, and mileage expenses?

  A. Inclusive function filter grouped by the "Expense Report Information" object's "Report Number" where the "Expense Type" has an "Equals" condition for values that include taxi, car, mileage.
  B. Inclusive function filter grouped by the "Expense Report Information" object's "Report Number" where the "Expense Type" has an "In" condition for values that include taxi, car, mileage.
  C. Inclusive function filter grouped by the "Expense Report Information" object's "Person" where the "Expense Type" has an "In" condition for values that include taxi, car, mileage.
  D. Inclusive function filter grouped by the "Expense Report Information" object's "Report Number" where the "Expense Type" has an "In" condition for values that include taxi, car, mileage.
  E. Inclusive function filter grouped by the "Expense Report Information" object's "Person" where the "Expense Type" has an "In" condition for values that include taxi, car, mileage.
  D. Inclusive function filter grouped by the "Expense Report Information" object's "Report Number" where the "Expense Type" has an "In" condition for values that include taxi, car, mileage.

• Question 36:

  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. Template
  B. Control
  C. Model
  D. Filter
  E. Business object
  C. Model

• Question 37:

  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 "Payables Invoice" object's "Invoice Date" attribute is greater than the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute.
  B. The "Expense Report Credit Card Transaction" object's "Last Updated Date" attribute is greater than the "Relative Value" of 3 months.
  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.
  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.

• Question 38:

  Your customer has a requirement to define an IT Compliance Manager job role with privileges to manage risks and controls, and the issues related to the risks and controls. What are the duty roles that must be included in this job role to achieve this requirement?

  A. Seeded Issue Manager Composite and Issue Validator Composite
  B. Seeded Risk Issue Manager and Control Issue Manager
  C. Seeded Issue Manager Composite
  D. Seeded Risk Manager Composite, Control Manager Composite, and Issue Manager Composite
  D. Seeded Risk Manager Composite, Control Manager Composite, and Issue Manager Composite

• Question 39:

  The GRC Business owner responsible for reviewing and investigating access incidents related to the "Order to Cash" perspective does not see any worklists for the generated results. You have validated that:

  1.

  Other business owners are able to view their assigned worklists without any problem

  2.

  Incidents have been generated for the controls related to Order to Cash

  3.

  The business owner's assigned roles contain the correct functional privileges and data access to the correct perspective values

  What is the reason the business owner cannot see any worklists for the generated incidents?

  A. The Result Management Perspective Assignment has not been linked.
  B. The underlying model is not linked to Order to Cash.
  C. The business owner was recently assigned the role and the worklist needs to be refreshed.
  D. Worklist assignment does not include the business owner.
  E. The Control Perspectives are not linked to the control.
  D. Worklist assignment does not include the business owner.

• Question 40:

  You have defined an initial Perspective Hierarchy for your client in the Advanced Controls module. After refining their business requirements, your client wants to expand the existing hierarchy to include 150 perspective items in various levels.

  For efficient processing, you decide to use the GRC data migration feature to import the new items.

  Which three are valid processing steps required to define the export file? (Choose three.)

  A. Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.
  B. Generate Template as Without Data.
  C. Navigate to Manage Module Perspectives.
  D. Generate Template as Without Data ?Perspectives Only.
  E. Click the Create Import Template button.
  A. Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.
  B. Generate Template as Without Data.
  C. Navigate to Manage Module Perspectives.