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Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:
1. 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) Business object
D) Model
E) Filter
2. You have built a transaction model to identify possible duplicate charges between invoicing and expense credit cards. The model logic already includes twostandard filters that identify amounts and suppliers that are the same or similar, as shown:
Which additional date filter will further refine the set of duplicate charges found?
A) The "Payables Invoice" object's "Invoice Date" attribute is greater than the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute.
B) The "Payables Invoice" object's "Invoice Date" attribute is similar to the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute within +/- 10 days.
C) The "Expense Report Credit Card Transaction" object's "Transaction Date" attribute is not blank.
D) The "Expense Report Credit Card Transaction" object's "Last Updated Date" attribute is greater than the "Relative Value" of 3 months.
3. How do you associate a risk to a control?
A) In the related object section of process definition, add the control to the risk.
B) On the Related Controls tab of risk definition, add the control.
C) On the Related Objects tab of control definition, add the risk.
D) To associate a controlto a risk, the control needs to be in the Review state.
E) The only way to create risk-control associations is through data import.
4. 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 ofvalues 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 there are no duplicate worksheet IDs within the same worksheet.
C) Validate that new lookup values are created for any custom list of values.
D) Validate that the System ID column is populated correctly.
E) Validate that the control-perspective relationship has been created in Manage Module Perspectives.
5. 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 control objects.
B) You can relate only process objects.
C) You can relate only an existing control, but not a new control.
D) You can relate a new process and a new control.
Solutions:
Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: A,C,D | Question # 5 Answer: D |

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