Oracle 1Z0-1058-23 Online Practice Questions and Exam Preparation

Oracle 1Z0-1058-23 Online Questions & Answers

• Question 1:

  You completed the data migration successfully. You created 100 controls, an Organization Perspective, and relationship of controls to the Organization Perspective. All controls are related to one perspective item. The Control Manager logs in

  to the application to view the new controls, yet there are none available for his or her review.

  Identify three reasons for this. (Choose three.)

  A. The Control Manager was not given the correct data security policy to access the controls.
  B. The Perspective Hierarchy was not associated to the Control Object.
  C. There was no Control Type associated with the controls.
  D. The Perspective Hierarchy is not in the Approved state.
  E. No risks were mapped to the imported controls.
  A. The Control Manager was not given the correct data security policy to access the controls.
  C. There was no Control Type associated with the controls.
  E. No risks were mapped to the imported controls.

• Question 2:

  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 in Fusion Cloud and a subsequent evaluation of controls finds that the incident no longer exists.
  B. A global condition was added that resolves the conflict and a subsequent evaluation of controls finds that the incident no longer exists.
  C. A user sets the State of the incident to "Remediate".
  D. The incident is resolved using simulation in AAC and a subsequent evaluation of controls finds that the incident no longer exists.
  E. A user sets the Status of the incident to "Resolved".
  A. The incident is resolved in Fusion Cloud and a subsequent evaluation of controls finds that the incident no longer exists.
  C. A user sets the State of the incident to "Remediate".

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  Explanation/Reference:

• Question 3:

  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 Review
  B. Active
  C. Reported
  D. Approved
  E. In Edit
  C. Reported

• Question 4:

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

• Question 5:

  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 6:

  Which controls can user A access and manage for the following Control Manager role configuration? See details of perspective trees and control-perspective association below.

  

  A. None
  B. Controls 2 and 3
  C. Only Control 1
  D. All controls
  E. Controls 1, 2, and 3
  A. None

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  Explanation/Reference:

• Question 7:

  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 process objects.
  B. You can relate a new process and a new control.
  C. You can relate only control objects.
  D. You can relate only an existing control, but not a new control.
  B. You can relate a new process and a new control.

• Question 8:

  You are helping your client identify and define their controls. You have 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 Create Control screen
  B. The Manage Object Perspectives screen
  C. The Import template
  D. The Create Perspectives screen
  E. The Manage Module Perspectives screen
  D. The Create Perspectives screen

• Question 9:

  Which three statements are true about the purpose of perspectives? (Choose three.)

  A. Perspectives can be used to define user privileges.
  B. Perspectives can be used for categorizing Financial Reporting Compliance objects.
  C. Perspectives can be used to represent regional hierarchies.
  D. Perspectives are used to enable data security on Financial Reporting Compliance objects.
  E. Perspectives enable functional security in Financial Reporting Compliance.
  C. Perspectives can be used to represent regional hierarchies.
  D. Perspectives are used to enable data security on Financial Reporting Compliance objects.
  E. Perspectives enable functional security in Financial Reporting Compliance.

• Question 10:

  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