[Nov 18, 2022] 1z0-1058-22 PDF Questions and Testing Engine With 77 Questions [Q20-Q40]

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[Nov 18, 2022] 1z0-1058-22 PDF Questions and Testing Engine With 77 Questions

Updated Exam Engine for 1z0-1058-22 Exam Free Demo & 365 Day Updates

Oracle 1z0-1058-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Configure and manage Lookups and Flexfields Initial Financial Reporting Compliance Configuration
Topic 2	Validate an import template prior to import Troubleshoot errors during an import
Topic 3	Create and manage Models and Controls Gather Requirements for Risk Management Implementation
Topic 4	Describe how to create objects Assign users and groups to objects Explain Result Management
Topic 5	Initial Advanced Controls Configuration Explain Simulation and Remediation
Topic 6	Create assessment templates and plans Configure and assign Job and Duty roles
Topic 7	Describe jobs and processes related to security Plan to gather information for the implementation
Topic 8	Create and manage Perspectives Transaction & Audit Control use cases
Topic 9	Create Review and Approve workflows for objects Assemble existing risk control matrix data

Q20. 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?

Option A

Option B

Option C

Option D

Q21. Which two should you determine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)

Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.

Identify lookup values that need to be created for Control, Risk, and Issue Type fields.

Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.

Identify users who will be responsible for creating and maintaining controls and/or risks.

Q22. 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.)

Add a standard filter where the “Payment” object’s “Organization ID” equals BU1, BU2, BU3, BU4.

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

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

Add a standard filter where the “Payment” object’s “Organization ID” equals BU5, and advanced option “Exclude” is checked.

Add a standard filter where the “Payment” object’s “Organization ID” is equal to itself.

Q23. You build an access model with two entitlements. Each entitlement has four access points. The entitlements do not have any access points in common.
How many access point combinations will be analyzed?

Q24. After adding a new control in Financial Reporting Compliance, the control owner clicks Submit. Users with the Control Reviewer and Control Approver roles exist.
What is the expected outcome?

The control goes into the “Waiting for Approval” state.

The control goes into the “New” state.

The control goes into the “Approved” state.

The control goes into the “In Review” state.

Q25. Which filter can be used to identify expense reports that contain suspicious expense type combinations, such as, a report for a single trip that contains taxi, car rental, and mileage expenses?

Inclusive function filter grouped by the “Expense Report Information” object’s “Report Number” where the “Expense Type” has an “Equals” condition for values that include taxi, car, mileage.

Inclusive function filter grouped by the “Expense Report Information” object’s “Report Number” where the “Expense Type” has an “In” condition for values that include taxi, car, mileage.

Inclusive function filter grouped by the “Expense Report Information” object’s “Person” where the “Expense Type” has an “In” condition for values that include taxi, car, mileage.

Q26. You have two segregation of duties requirements:
1) a user can access either the supplier creation pages or the invoice pages, but not both.
2) a user can access either the invoice creation pages or the payment creation pages, but not both.
How must these requirements be met in Advanced Access Controls?

Construct one model with three condition filters where the Function Name Equals “Create Supplier”, “Create Invoice” and “Create Payment”

Construct two models, and create controls based on the models: “Create Supplier & Create Invoice”, “Create Invoice & Create Payment”

Construct three controls, and create controls based on the models: “Create Supplier & Create Invoice”, “Create Invoice & Create Payment”, “Create Supplier & Create Payment”

Construct one model: “Create Supplier & Create Invoice & Create Payment”

Construct one entitlement: “Create Supplier & Create Invoice & Create Payment”

Q27. 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.)

Status: On Hold; State: In Review

Status: Closed; State: Final Close

Status: Open; State: Approved

Status: Closed; State: Closed – Awaiting Approval

Status: Open; State: In Edit

Status: On Hold; State: Awaiting Approval

Status: Open; State: New

Status: On-Hold; State: Reported

Q28. You are validating your customer’s import template before import. The customer requires that all controls be set up so they are noted to be used for the Audit Test assessment type. How do you verify that this has been done?

The Assessment Flag and the Audit Testing Flag are both set to “Y.”

The Control has a related process.

The Control status filed is set to “Audit Test.”

The Control comment filed has a notation for “Audit Test.”

Q29. 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?

You can relate only process objects.

You can relate a new process and a new control.

You can relate only control objects.

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

Q30. The GRC Business owner responsible for reviewing and investigating access incidents related to the “Order to Cash” perspective does not see any worklists for the generated results. You have validated that:
1. Other business owners are able to view their assigned worklists without any problem
2. Incidents have been generated for the controls related to Order to Cash
3. The business owner’s assigned roles contain the correct functional privileges and data access to the correct perspective values What is the reason the business owner cannot see any worklists for the generated incidents?

The Result Management Perspective Assignment has not been linked.

The underlying model is not linked to Order to Cash.

The business owner was recently assigned the role and the worklist needs to be refreshed.

Worklist assignment does not include the business owner.

The Control Perspectives are not linked to the control.

Q31. Which controls can user A access and manage for the following Control Manager role configuration? See details of perspective trees and control-perspective association below.

None

Controls 2 and 3

Only Control 1

All controls

Controls 1, 2, and 3

Q32. You have built a transaction model to identify possible duplicate charges between invoicing and expense credit cards. The model logic already includes two standard filters that identify amounts and suppliers that are the same or similar, as shown:

Which additional date filter will further refine the set of duplicate charges found?

The “Payables Invoice” object’s “Invoice Date” attribute is greater than the “Expense Report Credit Card Transaction” object’s “Transaction Date” attribute.

The “Expense Report Credit Card Transaction” object’s “Last Updated Date” attribute is greater than the “Relative Value” of 3 months.

The “Expense Report Credit Card Transaction” object’s “Transaction Date” attribute is not blank.

The “Payables Invoice” object’s “Invoice Date” attribute is similar to the “Expense Report Credit Card Transaction” object’s “Transaction Date” attribute within +/- 10 days.

Q33. You have created security roles for the Procure-to-Pay (P2P) Control Manager for the EMEA region in your client’s organization. But, there are two problems with his or her security configuration.
Problem 1: This person should not receive notifications to complete control assessments, but currently he or she does.
Problem 2: Also, although he or she has access to controls associated with EMEA, he or she is unable to access controls created for individual regions within EMEA.
You have given him or her the following job role:
EMEA P2P Control Manager Job Role
Seeded Control Manager Duty Composite
Seeded Control Certification Assessor Duty Composite
EMEA P2P Control Manager Data Security Policy
Seeded Control Manager Data Security Policy
Perspective filter where Region Perspective “equals” EMEA
Perspective filter where Process Perspective “equals” P2P
Which two actions need to be taken to correct the problems? (Choose two.)

Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role.

Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role.

Add to the EMEA P2P Control Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy.

While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.

Q34. The control manager needs to associate an existing test plan to an additional assessment type, Audit Test. The existing test plan is associated only with the Design Review assessment type.
How can this be accomplished?

The control manager should create a new test plan with Audit Test and Design Review as assessment types.

The control’s test plan should be updated to include both Audit Test and Design Review as assessment types.

The control manager does not need to update the control because any initiated assessment will include all control test plans.

The control’s test plan should be updated to Audit Test as the assessment type.

Q35. Which three statements are true about the purpose of perspectives? (Choose three.)

Perspectives can be used to define user privileges.

Perspectives can be used for categorizing Financial Reporting Compliance objects.

Perspectives can be used to represent regional hierarchies.

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

Perspectives enable functional security in Financial Reporting Compliance.

Q36. Which two activities can be performed using Financial Reporting Compliance? (Choose two.)

Review and approve the accuracy and completeness of control descriptions.

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

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

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

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

Conduct intuitive audits of general ledger balances with journal details.

Q37. Which statement related to Advanced Access Controls is true?

If helps enforce segregation of duties.

If helps perform risk analysis and evaluation.

It analyzes transaction records.

It documents risks and controls.

Q38. You are remediating access incidents in Advanced Access Controls (AAC), and have just completed the remediation of a segregation of duties conflict for users in Fusion Security by removing the conflicting access from the users.
What status do you set for the incident in AAC?

Resolved

Remediation

Remedy

Authorized

Accepted

Q39. 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?

The incident is deferred.

The incident remains in “Closed” status and additional remedial action cannot be taken.

The incident remains in “Closed” status and assigned users receive a notification that additional access incidents have been identified.

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

The incident status changes to “Assigned.”

Q40. Which three tasks should be completed before starting the Financial Reporting Compliance implementation? (Choose three.)

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

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

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

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

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

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[Nov 18, 2022] 1z0-1058-22 PDF Questions and Testing Engine With 77 Questions [Q20-Q40]

Oracle 1z0-1058-22 Exam Syllabus Topics:

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