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

Oracle 1Z0-1058-23 Online Questions & Answers

• Question 21:

  Which part of the security structure cannot be created or viewed from the Security Console, when configuring security for Financial Reporting Compliance?

  A. Composite Duty Role
  B. Job Role Perspective Policy
  C. Data Security Policy
  D. Functional Security Policy
  B. Job Role Perspective Policy

• Question 22:

  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 23:

  Which three risk assessment activity types are available in Financial Reporting Compliance? (Choose three.)

  A. Design Review
  B. Qualitative Analysis
  C. Quantitative Analysis
  D. Certify
  E. Audit
  F. Assess Risk
  A. Design Review
  D. Certify
  F. Assess Risk

• Question 24:

  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 25:

  You are implementing Advanced Access Controls for a client who wants to limit the seeded job role "Application Access Auditor". This job role should NOT include system configuration duties, but allows the user to monitor jobs schedules for Advanced Controls. After the seeded job role is copied, that two duty roles should be removed to comply with the access restrictions? (Choose two.)

  A. Access Control Manager
  B. Advanced Control System Administrator
  C. Access incident Results Manager
  D. Application Data Source Manager
  E. Access Model Manager
  C. Access incident Results Manager
  E. Access Model Manager

• Question 26:

  An assessor is trying to complete an operational assessment on a control for manual AP Invoice entry and is reviewing Prior Results. Which statement is true about viewing Prior Results for this control?

  A. He or she will be able to review results of all prior assessments of all types for this control.
  B. He or she will be able to review results of all prior Audit tests and operational assessments for this control.
  C. He or she will be able to review only results of prior operational assessments for this control.
  D. He or she will be able to review results of all prior operational assessments for all controls.
  E. He or she will be able to review results of all prior assessments of all types for all controls.
  B. He or she will be able to review results of all prior Audit tests and operational assessments for this control.

• Question 27:

  Your client is configuring their Test pod (which has no data) and has created their initial import template with controls, test plans, perspectives, and perspective-control mappings. They have used custom list of values for Control Frequency. Which three tasks must be completed before performing the data import? (Choose three.)

  A. Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.
  B. Validate that the control-perspective relationship has been created in Manage Module Perspectives.
  C. Validate that new lookup values are created for any custom list of values.
  D. Validate that there are no duplicate worksheet IDs within the same worksheet.
  E. Validate that the System ID column is populated correctly.
  A. Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.
  C. Validate that new lookup values are created for any custom list of values.
  E. Validate that the System ID column is populated correctly.

• Question 28:

  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 29:

  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. Control Test Plans
  D. Perspective-Control
  A. Perspective Items
  B. Controls
  C. Control Test Plans

• Question 30:

  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.