1Z0-1058-20 Dumps - Grab Out For [NEW-2021] Oracle Exam

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Introduction to Oracle Risk Management Cloud 2020 Implementation Essentials 1z0-1058-20 Exam

Oracle Risk Management Cloud 2020 Implementation Essentials 1z0-1058-20 Exam is designed for candidates who have knowledge and skills in risk management implementation or candidates who willing to have a strong understanding of risk management, financial reporting can go ahead and appear for this exam.

 

NEW QUESTION 17
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?

• A. .xml
• B. .pdf
• C. .txt
• D. .doc
• E. .xlsx

Answer: A

 

NEW QUESTION 18
You have scheduled quarterly assessments for a Control object at the beginning of the year with futuredates.
However, the test plans associated with the Control object were updated before the assessment could be started. Which statement is true about this scenario?

• A. The scheduled assessment process will end in error.
• B. The user will have the option to select the older or newer versions of the test plans during the assessment process.
• C. The updated test plans will become available during the assessment.
• D. The assessment will be associated with the version of the test plans from the time of assessment initiation.

Answer: D

 

NEW QUESTION 19
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. You can use the Data Migration tool to add control records for the existing risks.
• B. You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
• C. To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.
• D. You cannot use the Data Migration tool to add control records to map to existing risks.
• E. To relate controls to risks, the risks must be in"approved" state.

Answer: A,C

 

NEW QUESTION 20
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 and the Transaction Created As of Date has no impact on the data.
• C. One job will run for the two objects based ontransactions dated before the Transaction Created As of Date.
• D. One job will run for the two objects based on transactions dated after the Transaction Created As of Date.

Answer: D

 

NEW QUESTION 21
Your client is configuring their Test pod (which has no data) and has created their initial importtemplate with controls, test plans, perspectives, and perspective-control mappings. They have used custom list of values for Control Frequency.
Which three tasks must be completed before performing the data import? (Choose three.)

• A. Validate that there are no duplicate worksheet IDs within the same worksheet.
• 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 the System ID column is populated correctly.
• E. Validate that the control-perspective relationship has been created in Manage Module Perspectives.

Answer: B,C,D

 

NEW QUESTION 22
Which two would need to happen in order for Advanced Access Controls (AAC) to automatically assign a status of "Closed" to an access incident? (Choose two.)

• A. The incident is resolved using simulation in AAC and a subsequent evaluation of controls finds that the incident no longer exists.
• B. A global condition was added that resolves the conflict and a subsequent evaluation of controls finds that the incident no longer exists.
• C. A user sets the State of the incident to "Remediate".
• D. A user sets the Status of the incident to "Resolved".
• E. The incident is resolved inFusion Cloud and a subsequent evaluation of controls finds that the incident no longer exists.

Answer: C,E

 

NEW QUESTION 23
You are configuring security and you do not want the risks to go through the review and approve process each time they are updated. How will youmeet this requirement?

• A. Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.
• B. Add the Risk Reviewer Composite duty role to the person who creates the risks so he or she would be able to review them before saving the record.
• C. Ensure that no user has been assigned a job role that includes theRisk Reviewer Composite or Risk Approver Composite Duty Role.
• D. Ensure that only the upper management is given the Risk Reviewer Composite duty role so they could review the risks that they want to review.

Answer: A

 

NEW QUESTION 24
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. Application Data Source Manager
• B. Access incident Results Manager
• C. Access Model Manager
• D. Access Control Manager
• E. Advanced Control System Administrator

Answer: B,C

 

NEW QUESTION 25
Which three risk assessment activity types areavailable in Financial Reporting Compliance? (Choose three.)

• A. Audit
• B. Certify
• C. Qualitative Analysis
• D. Assess Risk
• E. Quantitative Analysis
• F. Design Review

Answer: B,D,F

 

NEW QUESTION 26
How do you identify Financial Reporting Compliance Cloud's key stakeholders?

• A. Identify executives who will manage customer balances and recognize revenue.
• B. Identify executives who need to certify internal controls for SOX or similar mandates.
• C. Identify users who need tocreate and submit expense reports easily.
• D. Identify users who will create customer invoices, and receive and apply customer payments.

Answer: A

 

NEW QUESTION 27
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 "Taxpayer ID" is not blank.
• B. Function filter grouping by "Taxpayer ID" where count is greater than 1.
• C. Standard filter where the "Supplier" object's "Supplier ID" is equal to itself.
• D. Function filter grouping by "Supplier ID" where count is greater than 1.
• E. Standard filter where the "Supplier" object's "Allow Withholding Tax" is not blank.

Answer: A,D

 

NEW QUESTION 28
During implementation, you created a Financial ReportingCompliance superuser and assigned this user the following roles:
* Enterprise Risk and Control Manager
* IT Security Manager
* Employee
The superuser logs in to Financial Reporting Compliance but is not able to create new Data Security Policies.
What is wrong?

• A. The application will not allow a user to both create users and assign them roles.
• B. The superuser's account is created but the synchronization jobs have not been run.
• C. The superuser's account is inactive and his or her account needs to be activated.
• D. The superuser's account is not yet approved by his or her supervisor in Financial Reporting Compliance.

Answer: B

 

NEW QUESTION 29
You are helping your client identify and define their controls. Youhave determined that your client requires two perspectives: Business Units and Regulatory Standards.
The controls are going to be secured by the business unit, and you want to ensure that when the client defines new controls, it is mandatory to assign a Business Units perspective to the control. You are going to set the
"Required" field to "yes" for the Control-Business Units association.
Where do you do this in the product?

• A. The Create Control screen
• B. The Manage Object Perspectives screen
• C. The Manage Module Perspectives screen
• D. The Create Perspectives screen
• E. TheImport template

Answer: D

 

NEW QUESTION 30
Identify the four statuses and states in which you can edit an issue's description, assuming you have the necessary privileges to edit the issue. (Choose four.)

• A. Status: On-Hold; State: Reported
• B. Status: Closed; State: Final Close
• C. Status: Open; State: In Edit
• D. Status: Closed; State: Closed - Awaiting Approval
• E. Status: On Hold; State: In Review
• F. Status: Open; State: New
• G. Status: On Hold; State: Awaiting Approval
• H. Status: Open; State: Approved

Answer: C,E,F,H

 

NEW QUESTION 31
You are implementing Advanced Access Controls for a client. You need to create a model that returns users who have been assigned a specified access point but excludes a specific operating unit.
Which business object(s) do you need to add to your model to accomplish this objective?

• A. Access Point and Fusion Access Condition
• B. Access Entitlement
• C. Access Point and User Business Object
• D. Fusion Access Condition
• E. Access Point

Answer: B

 

NEW QUESTION 32
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