Oracle Oracle Certifications 1Z0-1058 Questions & Answers

• Question 21:

  You are implementing Advanced Access Controls for a client. You need to create a model that returns users who have been assigned a specified access point but excludes a specific operating unit. Which business object(s) do you need to add to your model to accomplish this objective?

  A. Access Point and Fusion Access Condition

  B. Access Entitlement

  C. Access Point and User Business Object

  D. Access Point

  E. Fusion Access Condition

  Correct Answer: B

• Question 22:

  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.

  Correct Answer: B

• Question 23:

  Your client has subscribed to Financial Reporting Compliance and would like to address risks using

  treatment plans.

  Which option shows the settings that will help in achieving this configuration?

  A. Configure Module Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.

  B. Configure Module Objects > Edit Risk Object Configuration > Treatment = Show

  C. Configure Module Objects > Edit Risk Object Configuration > Treatment = Hide and Default

  D. Configure Module Objects > Edit Control Object Configuration > Result = Show

  E. Configure Module Objects > Edit Risk Object Configuration > Result = Show

  Correct Answer: D

• Question 24:

  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 25:

  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 26:

  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 27:

  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 28:

  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: B

• Question 29:

  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 30:

  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