1Z1-958 by Oracle Actual Free Exam Questions And Answers

Question 1

You are implementing Advanced Access Controls 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. 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.

B. 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.

C. 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.

D. Select Actions > Create Access Control from the "Controls" tab of Advanced Controls.

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. Finally, deploy an access control in the "Controls" tab of Advanced Controls, and select the access model you created.

Discussion 0

Correct Answer: E Vote an answer

Question 2

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

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

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

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

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

Discussion 0

Correct Answer: A,D Vote an answer

Question 3

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. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.

B. One job will run for the two objects based on transactions dated before 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.

Discussion 0

Correct Answer: C Vote an answer

Question 4

Which three objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)

A. Perspectives

B. Risks

C. Test Plans

D. Assessments

E. Controls

F. Processes

Discussion 0

Correct Answer: B,E,F Vote an answer

Question 5

Which two options can be assigned to a duty role? (Choose two.)

A. Abstract Role

B. Functional Security Policy

C. Job Role

D. Data Security Policy

Discussion 0

Correct Answer: B,D Vote an answer

Question 6

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 remains in "Closed" status and assigned users receive a notification that additional access incidents have been identified.

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

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."

Discussion 0

Correct Answer: A,E Vote an answer

Question 7

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 Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.

B. Configure Module Objects > Edit Risk Object Configuration > Treatment = Show

C. Configure Module Objects > Edit Risk Object Configuration > Result = Show

D. Configure Module Objects > Edit Control Object Configuration > Result = Show

E. Configure Module Objects > Edit Risk Object Configuration > Treatment = Hide and Default

Discussion 0

Correct Answer: D Vote an answer

Question 8

The internal auditor advised the Control Owner of North America to perform assessment for two P2P controls.
Which three steps can the Control Owner perform to kick-off assessments for only those two controls?
(Choose three.)

A. Initiate a planned assessment and include the two controls as part of the same assessment.

B. Initiate two planned assessments, one for each control.

C. Initiate a planned assessment that includes all controls assigned to perspective P2P.

D. Perform impromptu assessments for the two controls.

E. Enable impromptu assessments during configuration of module objects.

Discussion 0

Correct Answer: B,C,E Vote an answer

Oracle Risk Management Cloud 2018 - 1Z1-958 Exam Practice Test

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