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

Oracle 1Z0-1058-23 Online Questions & Answers

• Question 11:

  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 12:

  A user has created and submitted a new control and the state of the control is "In Review." The user expected that the control state would change to "Approved."

  Why is the control not in the "Approved" state?

  A. This user is not a Control Approver; therefore, the status will be "In Review."
  B. The Control Reviewer role has been assigned to some users.
  C. New controls must always be reviewed, irrespective of security configuration.
  D. The Control Approver role has been assigned to some users.
  A. This user is not a Control Approver; therefore, the status will be "In Review."

  ---

  Explanation/Reference:

• Question 13:

  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 Amount" has a condition to identify high value anomalies.
  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.

  ---

  Explanation/Reference:

• Question 14:

  During an assessment, an issue was created. Your job as the Issue Manager is to review the issues and validate them. If it is determined that they are not valid issues, you need to close them. You have found an issue that is not valid and with Status: Open and State: Reported. Identify the correct step to close this issue.

  A. On the Manage Issues page, highlight the issue and click the Close button.
  B. The assessment associated to the issue must be completed before closing the issue. Only then can you close the issue.
  C. After you have completed the remediation plan, click the Close button on the Remediation Plan page.
  D. Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.
  B. The assessment associated to the issue must be completed before closing the issue. Only then can you close the issue.

• Question 15:

  After generating an XML file export of Advanced Controls perspectives, you receive a message that the export job has been generated. What are the three steps you need to perform in order to download and review the formatted export file? (Choose three.)

  A. Open with an XML editor, such as Excel.
  B. Navigate to Monitor Jobs and click the message link for the export job.
  C. Click the Item Results link.
  D. Click the Export File button.
  E. Open with an HTML editor.
  A. Open with an XML editor, such as Excel.
  B. Navigate to Monitor Jobs and click the message link for the export job.
  D. Click the Export File button.

• Question 16:

  Which three are true about implementing a best practice solution for Financial Reporting Compliance? (Choose three.)

  A. Large scope of project requires high effort for maintenance and administration.
  B. It promotes rapid implementation and go-live.
  C. It promotes go-live with minimal acceptance testing and user training.
  D. It provides maximum return on investment with minimum project risk.
  E. It promotes successful adoption and minimizes on-going cost of operation.
  B. It promotes rapid implementation and go-live.
  D. It provides maximum return on investment with minimum project risk.
  E. It promotes successful adoption and minimizes on-going cost of operation.

• Question 17:

  Which three objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)

  A. Test Plans
  B. Assessments
  C. Processes
  D. Perspectives
  E. Risks
  F. Controls
  C. Processes
  E. Risks
  F. Controls

• Question 18:

  Your customer needs to conduct monthly Operational Effectiveness assessments for controls across two organizations (North America and EMEA). Your customer requires that assessment results for North America be accessible only to

  users in North America and likewise for EMEA. Additionally, the Chief Risk Officer reviews the assessment results by Business Process every week.

  How should you design perspectives to achieve this?

  A. Use the Region hierarchy for security and the Business Process hierarchy for reporting of controls.
  B. Use the Region hierarchy initially, and later use both Region and Business Process hierarchies for security.
  C. Use both Region and Business Process hierarchies solely for reporting purposes.
  D. Use the Business Process hierarchy for security and the Region hierarchy for reporting of controls.
  A. Use the Region hierarchy for security and the Business Process hierarchy for reporting of controls.

  ---

  Explanation/Reference:

• Question 19:

  You are implementing Advanced Access Controls for a client. You need to create a model that returns users who have been assigned a specified access point but excludes a specific operating unit. Which business object(s) do you need to add to your model to accomplish this objective?

  A. Access Point and Fusion Access Condition
  B. Access Entitlement
  C. Access Point and User Business Object
  D. Access Point
  E. Fusion Access Condition
  B. Access Entitlement

• Question 20:

  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. Navigate to Administration Reports.
  B. Highlight the report name and click Run Now.
  C. Navigate to Scheduling under Setup and Administration.
  D. Click Save Report Parameters to create saved settings.
  E. Select Display Scheduled Reports.
  B. Highlight the report name and click Run Now.
  D. Click Save Report Parameters to create saved settings.