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

Oracle 1Z0-1058-23 Online Questions & Answers

• Question 41:

  How do you populate the Control Method field with a new custom value, such as a third-party application'?

  A. Enter the new value directly in the Control method field.
  B. Use Lookup Meaning of the new lookup value.
  C. Use Lookup Code of the new lookup value.
  D. Use Lookup Type of the new lookup value.
  A. Enter the new value directly in the Control method field.

• Question 42:

  Which three tasks should be completed before starting the Financial Reporting Compliance implementation? (Choose three.)

  A. Migrate the organization's existing risk and control matrix into Financial Reporting Compliance.
  B. Complete control review and assessment for one period/cycle with the actual business owners.
  C. Create a project plan with objectives, goals, and exit criteria.
  D. Identify Financial Reporting Compliance users for everyday use, administration, and sustained use.
  E. Plan to go-live with a simple scope and later expand the solution to include additional business units/organizations/compliance frameworks.
  B. Complete control review and assessment for one period/cycle with the actual business owners.
  D. Identify Financial Reporting Compliance users for everyday use, administration, and sustained use.
  E. Plan to go-live with a simple scope and later expand the solution to include additional business units/organizations/compliance frameworks.

• Question 43:

  You are validating your customer's import template before import. The customer requires that all controls be set up so they are noted to be used for the Audit Test assessment type. How do you verify that this has been done?

  A. The Assessment Flag and the Audit Testing Flag are both set to "Y."
  B. The Control has a related process.
  C. The Control status filed is set to "Audit Test."
  D. The Control comment filed has a notation for "Audit Test."
  B. The Control has a related process.

• Question 44:

  Select three fields that are required to create an impromptu assessment. (Choose three.)

  A. Due Date
  B. Template
  C. Name
  D. Reviewer
  E. Perspectives
  F. Activity
  A. Due Date
  B. Template
  C. Name

• Question 45:

  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"

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  Explanation/Reference:

• Question 46:

  An organization has a list of companies with which they no longer wish to do business. The list is not stored in their ERP Could but is stored in a file. Which transaction model will identify payments made to these companies?

  A. Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payment" object. One both objects are in your model, add this standard filter: the "Payment" object's "Remit to Supplier Name" is similar to the custom object's "Company Name" by 95%.
  B. Add a configurable attribute "Company Name" to Oracle's pre-built "Payment" object. Then add this standard filter: "Remit to Supplier Name" equals "Company Name".
  C. You cannot define this model because imported objects from a file cannot be used with delivered objects.
  D. Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payables Invoice" object. Once both objects are in your model, add this standard filter: the "Payables Invoice" object's "Supplier Name" equals the custom object's "Company Name".
  D. Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payables Invoice" object. Once both objects are in your model, add this standard filter: the "Payables Invoice" object's "Supplier Name" equals the custom object's "Company Name".

• Question 47:

  You have completed the data import process with no errors. You created process, risks, controls, and one perspective. Controls were related to perspectives. You have provided the customer with the Control Manager security role. When the

  customer logs in to Financials Risk Compliance (FRC), the customer cannot see any controls.

  Which step was missed during the import process?

  A. Data security policies for Controls were not created.
  B. The Controls were not related to any risk objects.
  C. The parent process was never approved.
  D. The Control Method was not set to a valid value.
  D. The Control Method was not set to a valid value.

• Question 48:

  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.

• Question 49:

  What would happen to an access incident in Advanced Access Controls (AAC) that has been remediated and has a status of "Closed," but poses a conflict again during a subsequent evaluation of controls?

  A. The incident is deferred.
  B. The incident remains in "Closed" status and additional remedial action cannot be taken.
  C. The incident remains in "Closed" status and assigned users receive a notification that additional access incidents have been identified.
  D. The incident is copied and a new incident is created based on the original incident.
  E. The incident status changes to "Assigned."
  C. The incident remains in "Closed" status and assigned users receive a notification that additional access incidents have been identified.
  E. The incident status changes to "Assigned."

• Question 50:

  How do you associate a risk to a control?

  A. On the Related Controls tab of risk definition, add the control.
  B. To associate a control to a risk, the control needs to be in the Review state.
  C. In the related object section of process definition, add the control to the risk.
  D. On the Related Objects tab of control definition, add the risk.
  E. The only way to create risk-control associations is through data import.
  A. On the Related Controls tab of risk definition, add the control.