Latest Jan-2022 Oracle 1Z0-1058-20 Dumps Updated 77 Questions
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NEW QUESTION 37
How do you identify Financial Reporting Compliance Cloud's key stakeholders?
- A. Identify executives who will manage customer balances and recognize revenue.
- B. Identify users who will create customer invoices, and receive and apply customer payments.
- C. Identify users who need tocreate and submit expense reports easily.
- D. Identify executives who need to certify internal controls for SOX or similar mandates.
Answer: A
NEW QUESTION 38
You are implementing Advanced AccessControls and there is a requirement for a control to monitor user access to specific, client-defined access points which give users the ability to both initiate a purchase order and approve payments on that purchase order.
Which is a valid option to implement the control?
- A. Create an access model from the "Models" tab of Advanced Controls, and then define an access point filter for each individual client-defined access point.
- B. From the "Access Entitlements" page create two entitlements containing the respective client-defined access points. Create an access model from the "Models" tab of Advanced Controls, based on the entitlements you created. Finally, deploy an access control in the "Controls" tab of Advanced Controls, and select the access model you created.
- C. Select Actions > Create Access Control from the "Controls" tab of Advanced Controls.
- D. Create an access entitlement from the "Access Entitlements" page, then select Actions > Create Access Control from the "Controls" tab of Advanced Controls, and select the entitlement you created.
- E. From the "Access Entitlements" page create two entitlements containing the respective client-defined access points. Create an access model from the "Models" tab of Advanced Controls, based on the entitlements you created.
Answer: B
NEW QUESTION 39
You are remediating access incidents in Advanced Access Controls (AAC), and have just completed the remediation of a segregation of duties conflict for users in Fusion Security by removing the conflicting access from the users.
What status do you set for the incident in AAC?
- A. Remedy
- B. Remediation
- C. Accepted
- D. Resolved
- E. Authorized
Answer: B
NEW QUESTION 40
Your client has configured separate roles for controlassessor 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. On the Assessment tab in the Control definition, the assessor can select the assessment and click the Complete Assessment button. He or shecan attach the document and resubmit the assessment.
- B. The assessor can request the reviewer to attach the document during the review.
- C. 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. - D. 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.
Answer: C
NEW QUESTION 41
You have defined an initial Perspective Hierarchy for your client in theAdvanced Controls module. After refining their business requirements, your client wants to expand the existing hierarchy to include 150 perspective items in various levels. For efficient processing, you decide to use the GRC data migration feature to import the new items.
Which three are valid processing steps required to define the export file? (Choose three.)
- A. Click the Create Import Template button.
- B. Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.
- C. Generate Template as Without Data.
- D. Generate Template as Without Data - Perspectives Only.
- E. Navigate to Manage Module Perspectives.
Answer: B,C,E
NEW QUESTION 42
Which part of the security structure cannot be created or viewed from the Security Console, when configuring security for Financial Reporting Compliance?
- A. Functional Security Policy
- B. Job Role Perspective Policy
- C. Data Security Policy
- D. Composite Duty Role
Answer: B
NEW QUESTION 43
When running Synchronize Transaction from the Data Sources page of Application Configurations, which statement is true when you have two models using invoice and payment business objects?
- A. One job will run for the two objects based ontransactions dated before the Transaction Created As of Date.
- B. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.
- C. One job will run for the two objects based on transactions dated after the Transaction Created As of Date.
- D. One job will run for the two objects and the Transaction Created As of Date has no impact on the data.
Answer: C
NEW QUESTION 44
How do youassociate a risk to a control?
- A. The only way to create risk-control associations is through data import.
- B. In the related object section of process definition, add the control tothe risk.
- C. On the Related Objects tab of control definition, add the risk.
- D. On the Related Controls tab of risk definition, add the control.
- E. To associate a control to a risk, the control needs to be in the Review state.
Answer: D
NEW QUESTION 45
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 Objects > Edit Risk Object Configuration > Treatment = Hide and Default
- B. Configure Module Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.
- C. Configure Module Objects > Edit Control Object Configuration > Result = Show
- D. Configure Module Objects > Edit Risk Object Configuration > Treatment = Show
- E. Configure Module Objects > Edit Risk Object Configuration >Result = Show
Answer: C
NEW QUESTION 46
You areimplementing Advanced Access Controls for a client who wants to limit the seeded job role
"Application Access Auditor". This job role should NOT include system configuration duties, but allows the user to monitor jobs schedules for Advanced Controls.
Afterthe seeded job role is copied, that two duty roles should be removed to comply with the access restrictions? (Choose two.)
- A. Access incident Results Manager
- B. Application Data Source Manager
- C. Advanced Control System Administrator
- D. Access Model Manager
- E. Access Control Manager
Answer: A,D
NEW QUESTION 47
Which three risk assessment activity types areavailable in Financial Reporting Compliance? (Choose three.)
- A. Design Review
- B. Audit
- C. Assess Risk
- D. Certify
- E. Quantitative Analysis
- F. Qualitative Analysis
Answer: A,C,D
NEW QUESTION 48
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. Whenthe customer logs in to Financials Risk Compliance (FRC), the customer cannot see any controls.
Which step was missed during the import process?
- A. The Controls were not related to any risk objects.
- B. The parent process was never approved.
- C. The Control Method was not set to a valid value.
- D. Data security policies for Controls were not created.
Answer: C
NEW QUESTION 49
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 theinvoice creation pages or the payment creation pages, but not both.
How must these requirements be met in Advanced Access Controls?
- A. Construct one model: "Create Supplier & Create Invoice & Create Payment"
- B. Construct two models, and create controls based on the models: "Create Supplier & Create Invoice",
"Create Invoice & Create Payment" - C. Construct three controls, and create controls based on the models: "Create Supplier & Create Invoice",
"Create Invoice & Create Payment", "Create Supplier & Create Payment" - D. Construct one entitlement: "Create Supplier & Create Invoice & Create Payment"
- E. Construct one model with three condition filters where the Function Name Equals "Create Supplier",
"Create Invoice" and"Create Payment"
Answer: A
NEW QUESTION 50
A user has created and submitted a new control and the state of the control is "In Review." The userexpected that the control state would change to "Approved." Why is the control not in the "Approved" state?
- A. The Control Approver role has been assigned to some users.
- B. New controls must always be reviewed, irrespective of security configuration.
- C. This user is not a Control Approver; therefore, the status will be "In Review."
- D. The Control Reviewer role has been assigned to someusers.
Answer: C
NEW QUESTION 51
Your client has asked you to define a transaction model to identify duplicate invoices based on Invoice Numbers and Invoice Amounts.
Which twostandard filters can be combined to accomplish this? (Choose two.)
- A. The "Payables Invoice" object's "Invoice ID" is similar to the "Payables Invoice" object's "Invoice Number".
- B. The "Payables Invoice" object's "Supplier ID" does not equal itself.
- C. The "Payables Invoice" object's "Invoice Amount" is equal to itself.
- D. The "Payables Invoice" object's "Invoice Number" is equal to the "Payables Invoice" object's "Invoice ID."
- E. The "Payables Invoice" object's "Invoice Number" is equal to itself.
Answer: B,D
NEW QUESTION 52
Which two activities can be performed using Financial Reporting Compliance? (Choose two.)
- A. Review control assessment results, along with any effectiveness issues found.
- B. Provide self-service access to reporting and analysis against financial transactions.
- C. Continuously monitor financial transactions and role-based remediation of transaction incidents.
- D. Conduct intuitive audits of general ledger balances with journal details.
- E. Gain real-time access to live financial data and proactively resolve issues.
- F. Review and approve the accuracy and completeness of control descriptions.
Answer: C,F
NEW 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. Business object
- C. Filter
- D. Model
- E. Control
Answer: D
NEW QUESTION 54
Which controls can user A manage for the following Control Manager role Configuration? See details of perspective trees and control-perspective association below.
- A. Controls 2 and 4
- B. Controls 1 and 2
- C. None
- D. All controls
- E. Controls 1, 2, and 4
Answer: B
NEW QUESTION 55
Which three steps can be performed by using the Configure Module Objects pages? (Choose three.)
- A. Create object data import templates.
- B. Set "object-perspective" association.
- C. Choose display (or hide)configurable options for: results, events, consequences and treatments.
- D. Edit the assessment activity question and guidance text for all assessment types.
- E. Viewassessment response details for all assessment types.
Answer: B,C,E
NEW QUESTION 56
The GRC Business owner responsible for reviewing and investigating access incidents related to the "Order to Cash" perspective does not see any worklists for the generated results. You have validated that:
1. Other business owners are able to view their assigned worklists without any problem
2. Incidents have been generated for the controls related to Order to Cash
3. The business owner's assigned roles contain the correct functional privileges and data access to the correct perspective values What is the reason the business owner cannot see any worklists for the generated incidents?
- A. The Control Perspectives are not linked to the control.
- B. The underlying model is not linked to Order to Cash.
- C. The Result Management Perspective Assignment has not been linked.
- D. Worklist assignment does not include the business owner.
- E. The business owner was recently assigned the role and the worklist needs to be refreshed.
Answer: D
NEW QUESTION 57
Which statement related to Advanced Access Controls is true?
- A. It documents risks and controls.
- B. If helps enforce segregation of duties.
- C. It analyzes transaction records.
- D. If helpsperform risk analysis and evaluation.
Answer: B
NEW QUESTION 58
Which two should you determine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)
- A. Identify users who will be responsible for creating and maintaining controls and/or risks.
- B. Identify lookup values that need to be created for Control, Risk, and Issue Type fields.
- C. Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.
- D. Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.
Answer: B,C
NEW QUESTION 59
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 isstored 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 "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".
- 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. 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 standardfilter: the "Payment" object's "Remit to Supplier Name" is similar to the custom object's "Company Name" by 95%.
- D. You cannot define this model because imported objects from a file cannot be used with delivered objects.
Answer: A
NEW QUESTION 60
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 A. What needs to be done to fix the mapping?
- A. Option B
- B. Option D
- C. Option C
- D. Option A
Answer: A
NEW QUESTION 61
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What is the duration, language, and format of Oracle Risk Management Cloud 2020 Implementation Essentials 1z0-1058-20 Exam
- Number of Questions: 60
- Format: Multiple choices
- Length of Examination: 85 minutes
- Passing score: 65%
- Language: English (U.S.)
Oracle Risk Management Cloud 2020 Implementation Essentials 1z0-1058-20 Certification Path
The 1z0-1058-20 Certification is basic level certification organized by Oracle mainly focussing on risk management implementation skillset. There is no prerequisite for this exam.
1Z0-1058-20 Test Engine files, 1Z0-1058-20 Dumps PDF : https://www.actual4exams.com/1Z0-1058-20-valid-dump.html