Oracle 1Z0-958 Online Practice Questions and Exam Preparation

Oracle 1Z0-958 Online Questions & Answers

• Question 1:

  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".

• Question 2:

  You are advising your client on design and configuration related to how access incident results will be viewed and managed. The client has provided a list of business requirements: Incident results can be viewed by Department Groups of investigators receive assigned incidents based on Department Must ensure systematically that no incident is unassigned to an investigator

  Which three must be configured to support these requirements? (Choose three.)

  A. Worklist assignment Result Investigator should be set to specific users.
  B. Custom perspective for Department linked to the Results object with Required set to "No"
  C. Custom perspective for Department linked to the Results object with Required set to "Yes"
  D. Investigators are assigned job roles with custom Department perspective data roles attached. Other incident users receive job roles which only allow viewing of incidents.
  E. Investigators are assigned job roles with custom Department perspective data roles attached for managing incidents. Other incident users are assigned job roles with custom Department perspective data roles attached for viewing only.
  F. Worklist assignment Result Investigator should be set to "All Eligible Users"
  A. Worklist assignment Result Investigator should be set to specific users.
  D. Investigators are assigned job roles with custom Department perspective data roles attached. Other incident users receive job roles which only allow viewing of incidents.
  F. Worklist assignment Result Investigator should be set to "All Eligible Users"

• Question 3:

  You have created a risk definition R100 and have created a new control C100 for this risk. No user has been assigned the Risk or Control reviewer and approver roles. What will be the state of R100 and C100 after submitting?

  A. Both R100 and C100 will be in the "In Review" state.
  B. Both R100 and C100 will be in the "Awaiting Approval" state.
  C. Both R100 and C100 will be in the "Approved" state.
  D. Both R100 and C100 will be in the "New" state.
  B. Both R100 and C100 will be in the "Awaiting Approval" state.

• Question 4:

  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.

• Question 5:

  During implementation, you created a risk object and successfully mapped it to a control object. The client's Risk Owner is able to access the risk but not the control. Why did this happen?

  A. The Risk Administrator needs to run the synchronize jobs to populate the mapping.
  B. The Risk Owner account is inactive.
  C. The Risk Owner role does not have the right privileges.
  D. The risk and control objects are inactive and need to be made active.
  C. The Risk Owner role does not have the right privileges.

• Question 6:

  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 7:

  Your client has configured separate roles for control assessor and control assessment reviewer. The control assessor has submitted his or her assessment. The control assessor realizes later that he or she has forgotten to attach a critical

  test evidence document to the assessment and needs to attach it now.

  How can this be accomplished?

  A. The assessor can request the reviewer to attach the document during the review.
  B. On the Assessment tab in the Control definition, the assessor can select the assessment and click the Complete Assessment button. He or she can attach the document and resubmit the assessment.
  C. The assessor can request the reviewer to reject the assessment. After the assessment is rejected, the assessor can then attach the document and resubmit the assessment.
  D. On the Manage Assessments page, the assessor can select the assessment and click the Reopen button. He or she can then attach the document and resubmit the assessment.
  D. On the Manage Assessments page, the assessor can select the assessment and click the Reopen button. He or she can then attach the document and resubmit the assessment.

• Question 8:

  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 9:

  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.

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  Reference: https://docs.oracle.com/en/cloud/saas/risk-management/18c/fauaf/using-advanced-financial-controls.pdf

• Question 10:

  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".