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

• Question 41:

  You are designing data for data import. The customer decided that they want to secure controls based on their company organization. Which three worksheets of the import template are required to accomplish this requirement? (Choose three.)

  A. Perspective Items

  B. Controls

  C. Control Test Plans

  D. Perspective-Control

  Correct Answer: ABC

• Question 42:

  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.

  Correct Answer: D

• Question 43:

  An assessor is trying to complete an operational assessment on a control for manual AP Invoice entry and is reviewing Prior Results. Which statement is true about viewing Prior Results for this control?

  A. He or she will be able to review results of all prior assessments of all types for this control.

  B. He or she will be able to review results of all prior Audit tests and operational assessments for this control.

  C. He or she will be able to review only results of prior operational assessments for this control.

  D. He or she will be able to review results of all prior operational assessments for all controls.

  E. He or she will be able to review results of all prior assessments of all types for all controls.

  Correct Answer: B

• Question 44:

  When you view or edit a transaction incident, you may see extra columns that are not present in the business objects used in the control. What three kinds of control logic or conditions can cause this? (Choose three.)

  A. Equals (when the same attribute is used on both sides of the condition)

  B. Not in

  C. Similar

  D. Average Function

  E. Between (when using a date attribute)

  Correct Answer: BDE

• Question 45:

  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.

  Correct Answer: BDE

• Question 46:

  Your customer has a requirement to define an IT Compliance Manager job role with privileges to manage risks and controls, and the issues related to the risks and controls. What are the duty roles that must be included in this job role to achieve this requirement?

  A. Seeded Issue Manager Composite and Issue Validator Composite

  B. Seeded Risk Issue Manager and Control Issue Manager

  C. Seeded Issue Manager Composite

  D. Seeded Risk Manager Composite, Control Manager Composite, and Issue Manager Composite

  Correct Answer: D

• Question 47:

  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

  Correct Answer: ABC

• Question 48:

  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".

  Correct Answer: D

• Question 49:

  You are implementing Advanced Financial Controls and you want to identify suspect transactions where the payment amount is less than $20 USD. However, you only want the results returned to be temporary. What will you build in order to accomplish your objective?

  A. Template

  B. Control

  C. Model

  D. Filter

  E. Business object

  Correct Answer: C

• Question 50:

  Identify the four statuses and states in which you can edit an issue's description, assuming you have the necessary privileges to edit the issue. (Choose four.)

  A. Status: On Hold; State: In Review

  B. Status: Closed; State: Final Close

  C. Status: Open; State: Approved

  D. Status: Closed; State: Closed ?Awaiting Approval

  E. Status: Open; State: In Edit

  F. Status: On Hold; State: Awaiting Approval

  G. Status: Open; State: New

  H. Status: On-Hold; State: Reported

  Correct Answer: ACEG