Scribd
Upload
176 views4 pages

Oracle: Question & Answers

The document contains a series of questions and answers related to the Oracle Risk Management Cloud 2024 Implementation exam (1Z0-1058-24). It covers various scenarios regarding control management, assessment setup, and transaction modeling, providing multiple-choice options with correct answers indicated. The content is designed to help candidates prepare for the certification exam by testing their understanding of key concepts and functionalities.

Uploaded by

Aniruddha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
176 views4 pages

Oracle: Question & Answers

The document contains a series of questions and answers related to the Oracle Risk Management Cloud 2024 Implementation exam (1Z0-1058-24). It covers various scenarios regarding control management, assessment setup, and transaction modeling, providing multiple-choice options with correct answers indicated. The content is designed to help candidates prepare for the certification exam by testing their understanding of key concepts and functionalities.

Uploaded by

Aniruddha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 4

Oracle

1Z0-1058-24
Oracle Risk Management Cloud 2024 Implementation
Professional
QUESTION & ANSWERS

https://www.dumpscheap.com/1Z0-1058-24-exam.html
QUESTION: 1

You completed the data migration successfully. You created 100 controls, an Organization Perspective,
andrelationship of controls to the Organization Perspective. All controls are related to one perspective item.
TheControl Manager logs in to the application to view the new controls, yet there are none available for his
or herreview.Identify three reasons for this. (Choose three.)

Option A : The Control Manager was not given the correct data security policy to access the controls.
Option B : The Perspective Hierarchy was not associated to the Control Object.
Option C : There was no Control Type associated with the controls.
Option D : The Perspective Hierarchy is not in the Approved state.
Option E : No risks were mapped to the imported controls.

Correct Answer: A,C

QUESTION: 2

You are gathering requirements on how your client performs control assessments. Which three tasks should
you complete to set up assessments in Financial Reporting Compliance? (Choose three.)

Option A : Identify the type of assessments included in each assessment cycle.


Option B : Understand the sample size for each audit test.
Option C : Determine if control assessments are planned ahead of time or are run impromptu.
Option D : Determine the main objectives of deploying the control.
Option E : Determine whether assessments templates, plans, and completed assessments need to go
through a review and approve workflow

Correct Answer: A,B,C

QUESTION: 3

The GRC Business owner responsible for reviewing and investigating access incidents related to the “Order
toCash” 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 problem2. Incidents have been
generated for the controls related to Order to Cash3. The business owner’s assigned roles contain the correct
functional privileges and data access to the correctperspective valuesWhat is the reason the business owner
cannot see any worklists for the generated incidents?

Option A : The Result Management Perspective Assignment has not been linked.
Option B : The underlying model is not linked to Order to Cash.
Option C : The business owner was recently assigned the role and the worklist needs to be refreshed.
Option D : Worklist assignment does not include the business owner.
Option E : The Control Perspectives are not linked to the control.

Correct Answer: D

https://www.dumpscheap.com/1Z0-1058-24-exam.html
QUESTION: 4

You are building a transaction model to identify invoices with USD amounts that are greater than
thesupplier’s average invoice amount. The order of the filters is important.1. Add an “Average” Function
filter grouping by “Supplier ID” where “Invoice Amount” is greater than 0.2. Add a standard filter where
“Invoice Currency” equals “USD.”3. Add a standard filter where the delivered “Average Value” attribute is
less than “Invoice Amount.”What is the correct order of the filters for this transaction model?

Option A : 1, 3, 2
Option B : 1, 2, 3
Option C : 2, 3, 1
Option D : 3, 2, 1
Option E : 2, 1, 3

Correct Answer: B

QUESTION: 5

You are implementing Advanced Financial Controls and you want to identify suspect transactions where
thepayment amount is less than $20 USD. However, you only want the results returned to be
temporary.What will you build in order to accomplish your objective?

Option A : Template
Option B : Control
Option C : Model
Option D : Filter
Option E : Business object

Correct Answer: C

QUESTION: 6

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

https://www.dumpscheap.com/1Z0-1058-24-exam.html
Option A : All controls
Option B : Controls 2 and 4
Option C : Controls 1, 2, and 4
Option D : None
Option E : Controls 1 and 2

Correct Answer: A

QUESTION: 7

An assessor is trying to complete an operational assessment on a control for manual AP Invoice entry and
isreviewing Prior Results.Which statement is true about viewing Prior Results for this control?

Option A : He or she will be able to review results of all prior assessments of all types for this control.
Option B : He or she will be able to review results of all prior Audit tests and operational assessments for
this control.
Option C : He or she will be able to review only results of prior operational assessments for this control.
Option D : He or she will be able to review results of all prior operational assessments for all controls.
Option E : He or she will be able to review results of all prior assessments of all types for all controls.

Correct Answer: B

https://www.dumpscheap.com/1Z0-1058-24-exam.html

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy