Oracle Oracle Certifications 1Z0-1058 Questions & Answers

• Question 51:

  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 52:

  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

• Question 53:

  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 54:

  You have five business units in our company, BU1 through BU5. You want to build a transaction model to identify suppliers who have been paid more than $100,000 USD across all business units except BU5. Which two filters must be combined? (Choose two.)

  A. Add a standard filter where the "Payment" object's "Organization ID" equals BU1, BU2, BU3, BU4.

  B. Add a function filter grouping by "Supplier ID" where the sum of "Payment Amount" is greater than 100,000.

  C. Add a function filter grouping by "Organization ID" where the sum of "Payment Amount" is greater than 100,000.

  D. Add a standard filter where the "Payment" object's "Organization ID" equals BU5, and advanced option "Exclude" is checked.

  E. Add a standard filter where the "Payment" object's "Organization ID" is equal to itself.

  Correct Answer: AC

• Question 55:

  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.

  Correct Answer: D

• Question 56:

  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"

  Correct Answer: ADF

• Question 57:

  You have imported risks in Financial Reporting Compliance using data migration. Your client is asking if you can add controls for these risks.

  Which two statements are true? (Choose two.)

  A. To relate controls to risks, the risks must be in "approved" state.

  B. You cannot use the Data Migration tool to add control records to map to existing risks.

  C. You can use the Data Migration tool to add control records for the existing risks.

  D. To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.

  E. You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.

  Correct Answer: CD

• Question 58:

  A Control Manager has changed the status of an issue to "In Remediation" and has submitted it. What will be the state of the Issue if there is no issue validator, reviewer, or approver configured?

  A. In Review

  B. Active

  C. Reported

  D. Approved

  E. In Edit

  Correct Answer: C

• Question 59:

  How do you add values to a Risk Type list of values?

  A. Populate the Import template with the new values in the Issue Severity column on the Controls tab.

  B. Add the lookup codes to the GRC_RISK_TYPE Lookup Type.

  C. Because you cannot add new values, update one of the existing lookup codes to what the client wants it to be.

  D. Add the lookup codes to the GRCM_RISK_TYPE Lookup Type.

  E. Use the default lookup codes because there is no way to update the existing ones.

  Correct Answer: D

• Question 60:

  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."

  Correct Answer: CE