Oracle Risk Management Cloud 2018 (1Z0-958) Free Practice Test

Question 1

Your client has three operating units.
What are two ways in which you can exclude an operating unit where there are not enough personnel to allow segregation of duties? (Choose two.)

A. Navigate to the Create Access Global Condition page and create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.

B. In a model, create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.

C. Navigate to the Create Access Global Condition page and create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.

D. In a model, create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.

E. In a model, create a new condition logic filter, select the operating unit attribute and select the operating unit value.

Correct Answer: A,B

Question 2

Which three statements are true about the purpose of perspectives? (Choose three.)

A. Perspectives can be used for categorizing Financial Reporting Compliance objects.

B. Perspectives are used to enable data security on Financial Reporting Compliance objects.

C. Perspectives can be used to represent regional hierarchies.

D. Perspectives can be used to define user privileges.

E. Perspectives enable functional security in Financial Reporting Compliance.

Correct Answer: B,C,E

Question 3

Your client has configured separate roles for control assessor 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. The assessor can request the reviewer to attach the document during the review.

B. 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.

C. On the Assessment tab in the Control definition, the assessor can select the assessment and click the Complete Assessment button. He or she can 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.

Correct Answer: B

Question 4

Which two activities can be performed using Financial Reporting Compliance? (Choose two.)

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

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

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

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

E. Review and approve the accuracy and completeness of control descriptions.

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

Correct Answer: D,E

Question 5

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: Open; State: New

B. Status: On-Hold; State: Reported

C. Status: On Hold; State: Awaiting Approval

D. Status: Open; State: Approved

E. Status: Open; State: In Edit

F. Status: On Hold; State: In Review

G. Status: Closed; State: Final Close

H. Status: Closed; State: Closed - Awaiting Approval

Correct Answer: A,D,E,F

Question 6

A. What needs to be done to fix the mapping?

B. Option D

C. Option C

D. Option A

E. Option B

Correct Answer: E

Question 7

You have five business units in our company, BU1 through BU5. You want to build a transaction model to identify suppliers who have been paid more than $100,000 USD across all business units except BU5.
Which two filters must be combined? (Choose two.)

A. Add a function filter grouping by "Supplier ID" where the sum of "Payment Amount" is greater than
100,000.

B. Add a function filter grouping by "Organization ID" where the sum of "Payment Amount" is greater than 100,000.

C. Add a standard filter where the "Payment" object's "Organization ID" equals BU1, BU2, BU3, BU4.

D. Add a standard filter where the "Payment" object's "Organization ID" is equal to itself.

E. Add a standard filter where the "Payment" object's "Organization ID" equals BU5, and advanced option
"Exclude" is checked.

Correct Answer: B,C

Question 8

How do you populate the Control Method field with a new custom value, such as a third-party application'?

A. Use Lookup Code of the new lookup value.

B. Use Lookup Meaning of the new lookup value.

C. Use Lookup Type of the new lookup value.

D. Enter the new value directly in the Control method field.

Correct Answer: D

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Oracle Risk Management Cloud 2018 (1Z0-958) Free Practice Test