Oracle Oracle Certifications 1Z0-1058-23 Questions & Answers

• Question 21:

  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

  Correct Answer: D

• Question 22:

  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.

  Correct Answer: AB

• Question 23:

  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.

  Correct Answer: B

• Question 24:

  You want to identify Controls with the most Incidents, with the condition that the identified Controls should have 80% of all Incidents. To do this, you have imported a custom object that contains the number of incidents associated with each

  control, and have added that object to a transaction model.

  Which pattern filter must you now apply?

  A. Anomaly Detection

  B. Mean

  C. Pareto

  D. Absolute Deviation

  E. Clustering

  Correct Answer: C

• Question 25:

  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.

  Correct Answer: D

• Question 26:

  Which controls can user A access and manage for the following Control Manager role configuration? See details of perspective trees and control-perspective association below.

  

  A. None

  B. Controls 2 and 3

  C. Only Control 1

  D. All controls

  E. Controls 1, 2, and 3

  Correct Answer: A

• Question 27:

  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.

  Correct Answer: D

• Question 28:

  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"

  Correct Answer: D

• Question 29:

  When validating imported data, the control manager at your client has identified an incorrect Risk- Control mapping; that is, Control A was mapped incorrectly to Risk B instead of Risk. What needs to be done to fix the mapping?

  

  A. Option A

  B. Option B

  C. Option C

  D. Option D

  Correct Answer: B

• Question 30:

  Which two options can be assigned to a duty role? (Choose two.)

  A. Functional Security Policy

  B. Abstract Role

  C. Data Security Policy

  D. Job Role

  Correct Answer: AC