Oracle 1Z0-1058 Online Practice Questions and Exam Preparation

Oracle 1Z0-1058 Online Questions & Answers

• Question 1:

  At the last step of initiating assessments, the assessment manager sees who the assessment participants are (to complete, review, and approve the assessments). If the assessment manager wants to change the participant, who completes the assessment, what should he or she do?

  A. Modify the perspective hierarchy in the last step of initiating assessments.
  B. Modify the participant list in the last step of initiating assessments.
  C. Request the administrator to change the Perspective in Data Security Policy for the Control Manager's job role.
  D. It is not possible to change the participants after Data Security Policies are assigned.
  E. Request the administrator to assign Data Security Policies with correct perspectives to the Assessor's job role.
  B. Modify the participant list in the last step of initiating assessments.

• Question 2:

  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"

• Question 3:

  Which two should you determine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)

  A. Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.
  B. Identify lookup values that need to be created for Control, Risk, and Issue Type fields.
  C. Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.
  D. Identify users who will be responsible for creating and maintaining controls and/or risks.
  A. Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.
  B. Identify lookup values that need to be created for Control, Risk, and Issue Type fields.

• Question 4:

  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 5:

  Which two steps are required to set up two levels of approval for new controls, which are added after the initial import? (Choose two.)

  A. On the Controls tab of the Import template, set the control state to NEW for each control record.
  B. Identify the organizations or business units for which users will perform review or approval.
  C. Identify users who will perform control review and approval.
  D. Identify the other roles to be provided for control managers.
  B. Identify the organizations or business units for which users will perform review or approval.
  C. Identify users who will perform control review and approval.

• Question 6:

  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 7:

  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 8:

  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 9:

  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 10:

  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.