Oracle Oracle Certifications 1Z0-1058-20 Questions & Answers

• Question 11:

  You are building a transaction model to identify invoices with USD amounts that are greater than the supplier's average invoice amount. The order of the filters is important.

  1.

  Add an "Average" Function filter grouping by "Supplier ID" where "Invoice Amount" is greater than 0.

  2.

  Add a standard filter where "Invoice Currency" equals "USD."

  3.

  Add a standard filter where the delivered "Average Value" attribute is less than "Invoice Amount."

  What is the correct order of the filters for this transaction model?

  A. 1, 3, 2

  B. 1, 2, 3

  C. 2, 3, 1

  D. 3, 2, 1

  E. 2, 1, 3

  Correct Answer: B

• Question 12:

  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.

  Correct Answer: A

• Question 13:

  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."

  Correct Answer: B

• Question 14:

  Your client has asked you to define a transaction model to identify duplicate invoices based on Invoice

  Numbers and Invoice Amounts.

  Which two standard filters can be combined to accomplish this? (Choose two.)

  A. The "Payables Invoice" object's "Supplier ID" does not equal itself.

  B. The "Payables Invoice" object's "Invoice ID" is similar to the "Payables Invoice" object's "Invoice Number".

  C. The "Payables Invoice" object's "Invoice Amount" is equal to itself.

  D. The "Payables Invoice" object's "Invoice Number" is equal to the "Payables Invoice" object's "Invoice ID."

  E. The "Payables Invoice" object's "Invoice Number" is equal to itself.

  Correct Answer: AD

• Question 15:

  You can relate objects in Financial Reporting Compliance. Which statement is true about editing or creating related objects in the Related Objects section on the Risk Definition page?

  A. You can relate only process objects.

  B. You can relate a new process and a new control.

  C. You can relate only control objects.

  D. You can relate only an existing control, but not a new control.

  Correct Answer: B

• Question 16:

  You have defined an initial Perspective Hierarchy for your client in the Advanced Controls module. After refining their business requirements, your client wants to expand the existing hierarchy to include 150 perspective items in various levels. For efficient processing, you decide to use the GRC data migration feature to import the new items. Which three are valid processing steps required to define the export file? (Choose three.)

  A. Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.

  B. Generate Template as Without Data.

  C. Navigate to Manage Module Perspectives.

  D. Generate Template as Without Data ?Perspectives Only.

  E. Click the Create Import Template button.

  Correct Answer: ABC

• Question 17:

  Which three statements are true about the purpose of perspectives? (Choose three.)

  A. Perspectives can be used to define user privileges.

  B. Perspectives can be used for categorizing Financial Reporting Compliance objects.

  C. Perspectives can be used to represent regional hierarchies.

  D. Perspectives are used to enable data security on Financial Reporting Compliance objects.

  E. Perspectives enable functional security in Financial Reporting Compliance.

  Correct Answer: CDE

• Question 18:

  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.

  Correct Answer: ACE

• Question 19:

  During implementation, you created a Financial Reporting Compliance superuser and assigned this user

  the following roles:

  Enterprise Risk and Control Manager

  IT Security Manager

  Employee

  The superuser logs in to Financial Reporting Compliance but is not able to create new Data Security

  Policies.

  What is wrong?

  A. The superuser's account is inactive and his or her account needs to be activated.

  B. The application will not allow a user to both create users and assign them roles.

  C. The superuser's account is created but the synchronization jobs have not been run.

  D. The superuser's account is not yet approved by his or her supervisor in Financial Reporting Compliance.

  Correct Answer: C

• Question 20:

  You are remediating access incidents in Advanced Access Controls (AAC), and have just completed the

  remediation of a segregation of duties conflict for users in Fusion Security by removing the conflicting

  access from the users.

  What status do you set for the incident in AAC?

  A. Resolved

  B. Remediation

  C. Remedy

  D. Authorized

  E. Accepted

  Correct Answer: B