1Z0-1058-20 by Oracle Actual Free Exam Questions And Answers

Question 1

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 A

C. Option D

D. Option C

Discussion 0

Correct Answer: A Vote an answer

Question 2

Which statement related to Advanced Access Controls is true?

A. If helpsperform risk analysis and evaluation.

B. If helps enforce segregation of duties.

C. It analyzes transaction records.

D. It documents risks and controls.

Discussion 0

Correct Answer: B Vote an answer

Question 3

You are working with the customer to gather Risk-Control data for the data import process. The customer has information in multiple formats. Which format should be used for importing the data?

Discussion 0

Correct Answer: C Vote an answer

Question 4

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 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.

Discussion 0

Correct Answer: B Vote an answer

Question 5

Which two filters must be combined to identify different suppliers who use the same taxpayer ID? (Choose two.)

A. Standard filter where the "Supplier" object's "Allow Withholding Tax" is not blank.

B. Function filter grouping by "Taxpayer ID" where count is greater than 1.

C. Standard filter where the "Supplier" object's "Taxpayer ID" is not blank.

D. Function filter grouping by "Supplier ID" where count is greater than 1.

E. Standard filter where the "Supplier" object's "Supplier ID" is equal to itself.

Discussion 0

Correct Answer: C,D Vote an answer

Question 6

A Control Manager has changed thestatus 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. Approved

B. Reported

C. In Review

D. Active

E. In Edit

Discussion 0

Correct Answer: B Vote an answer

Question 7

Which three tasks should be completed before starting the Financial Reporting Compliance implementation?
(Choose three.)

A. Migrate the organization's existing risk and control matrix into Financial Reporting Compliance.

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

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

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

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

Discussion 0

Correct Answer: C,D,E Vote an answer

Question 8

Which three risk assessment activity types areavailable in Financial Reporting Compliance? (Choose three.)

A. Certify

B. Assess Risk

C. Qualitative Analysis

D. Quantitative Analysis

E. Design Review

F. Audit

Discussion 0

Correct Answer: A,B,E Vote an answer

Oracle Risk Management Cloud 2020 Implementation Essentials - 1Z0-1058-20 Exam Practice Test

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