Oracle Risk Management Cloud 2021 Implementation Essentials - 1Z0-1058-21 Exam Practice Test

A. You can relate only process objects.

B. You can relate a new process and a new control.

C. You can relate only control objects.

D. You can relate only an existing control, but not a new control.

A. Allcontrols

B. Controls 2 and 4

C. Controls 1 and 2

D. None

E. Controls 1, 2, and 4

A. Provide self-service access to reporting and analysis against financial transactions.

B. Gain real-time access to live financial data and proactively resolve issues.

C. Conduct intuitive audits of general ledger balances with journal details.

D. Review control assessment results, along with any effectiveness issues found.

E. Continuously monitor financial transactions and role-based remediation of transaction incidents.

F. Review andapprove the accuracy and completeness of control descriptions.

A. Create a project plan with objectives, goals, and exit criteria.

B. Plan to go-live with a simple scope and later expand the solution to include additional business units/organizations/compliance frameworks.

C. Identify Financial Reporting Compliance users for everyday use, administration, and sustained use.

D. Complete control review and assessment for one period/cycle with the actual business owners.

E. Migrate the organization's existing risk and control matrixinto Financial Reporting Compliance.

A. Validate that the control-perspective relationship has been created in Manage Module Perspectives.

B. Validate that new lookup values are created for any custom list of values.

C. Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.

D. Validate that there are no duplicate worksheet IDs within the same worksheet.

E. Validate that the System ID column is populated correctly.

A. Edit the assessment activity question and guidance text for all assessment types.

B. Set "object-perspective" association.

C. View assessment response details for all assessment types.

D. Choose display (or hide) configurable options for: results, events, consequences and treatments.

E. Create object data import templates.

A. 8

B. 4

C. 25

D. 20

E. 16

A. The incident remains in "Closed" status and additional remedial action cannot be taken.

B. The incident remains in "Closed" status and assigned users receive a notification that additional accessincidents have been identified.

C. The incident is copied and a new incident is created based on the original incident.

D. The incident is deferred.

E. The incident status changes to "Assigned."