[2022] Pass Oracle 1Z0-1058-20 Premium Files Test Engine pdf - Free Dumps Collection
New 2022 Realistic 1Z0-1058-20 Dumps Test Engine Exam Questions in here
NEW QUESTION 41
How do you populate the Control Method field with a new custom value, such as a third-party application'?
- A. Enter the new value directly in the Controlmethod field.
- B. Use Lookup Type of the new lookup value.
- C. Use Lookup Code of the new lookup value.
- D. Use Lookup Meaning of the new lookup value.
Answer: A
NEW QUESTION 42
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 Manage Module Perspectives screen
- B. The Create Control screen
- C. The Manage Object Perspectives screen
- D. The Create Perspectives screen
- E. TheImport template
Answer: D
NEW QUESTION 43
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.)
- A. Determinethe main objectives of deploying the control.
- B. Determine if control assessments are planned ahead of time or are run impromptu.
- C. Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.
- D. Understand the sample size for each audit test.
- E. Identify the type of assessments included in each assessment cycle.
Answer: B,C,D
NEW QUESTION 44
Which three risk assessment activity types areavailable in Financial Reporting Compliance? (Choose three.)
- A. Certify
- B. Audit
- C. Assess Risk
- D. Quantitative Analysis
- E. Qualitative Analysis
- F. Design Review
Answer: A,C,F
NEW QUESTION 45
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 hersecurity 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 DataSecurity 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.)
- A. Add to the EMEA P2PControl Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy.
- B. While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.
- C. Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role.
- D. Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role.
Answer: A,B
NEW QUESTION 46
During an assessment, an issue was created. Your job as the Issue Manager is to review the issues and validate them. If it is determined that they are not valid issues, youneed to close them. You have found an issue that is not valid and with Status: Open and State: Reported.
Identify the correct step to close this issue.
- A. Theassessment associated to the issue must be completed before closing the issue. Only then can you close the issue.
- B. On the Manage Issues page, highlight the issue and click the Close button.
- C. After you have completed the remediation plan, click the Close button on the Remediation Plan page.
- D. Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.
Answer: A
NEW QUESTION 47
When you view or edit a transaction incident, you may seeextra columns that are not present in the business objects used in the control.
What three kinds of control logic or conditions can cause this? (Choose three.)
- A. Between (when using a date attribute)
- B. Not in
- C. Average Function
- D. Equals (when the same attribute is used on both sides of the condition)
- E. Similar
Answer: A,B,C
NEW QUESTION 48
Which two should you determine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)
- A. Identify users who will be responsible for creating and maintaining controls and/or risks.
- B. Identify lookup values that need to be created for Control, Risk, and Issue Type fields.
- C. Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.
- D. Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.
Answer: B,D
NEW QUESTION 49
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 "Allow Withholding Tax" is not blank.
- B. Function filter grouping by "Taxpayer ID" where count is greater than 1.
- C. Standard filter where the "Supplier" object's "Taxpayer ID" is not blank.
- D. Function filter grouping by "Supplier ID" where count is greater than 1.
- E. Standard filter where the "Supplier" object's "Supplier ID" is equal to itself.
Answer: C,D
NEW QUESTION 50
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 new lookup values are created for any custom list of values.
- B. Validate that the control-perspective relationship has been created in Manage Module Perspectives.
- C. Validate that there are no duplicate worksheet IDs within the same worksheet.
- D. Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.
- E. Validate that the System ID column is populated correctly.
Answer: A,D,E
NEW QUESTION 51
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 user will have the option to select the older or newer versions of the test plans during the assessment process.
- B. The scheduled assessment process will end in error.
- C. The assessment will be associated with the version of the test plans from the time of assessment initiation.
- D. The updated test plans will become available during the assessment.
Answer: C
NEW QUESTION 52
How do you add values to a Risk Type list of values?
- A. Populate the Import template with the new values in the Issue Severity column on the Controls tab.
- B. Because you cannot add newvalues, update one of the existing lookup codes to what the client wants it to be.
- C. Add the lookup codes to the GRC_RISK_TYPE Lookup Type.
- D. Add the lookup codes to the GRCM_RISK_TYPE Lookup Type.
- E. Use the default lookup codes because there is no way to update the existing ones.
Answer: D
NEW QUESTION 53
Which three tasks should be completed before starting the Financial Reporting Compliance implementation?
(Choose three.)
- A. Identify Financial Reporting Compliance users for everyday use, administration, and sustained use.
- B. Plan to go-live with a simple scope and later expand the solution to include additional business units/organizations/compliance frameworks.
- C. Complete control review and assessment for one period/cycle with the actual business owners.
- D. Create a project plan with objectives, goals, and exit criteria.
- E. Migrate the organization's existing risk and control matrix into Financial Reporting Compliance.
Answer: A,B,C
NEW QUESTION 54
Which part of the security structure cannot be created or viewed from the Security Console, when configuring security for Financial Reporting Compliance?
- A. Functional Security Policy
- B. Data Security Policy
- C. Composite Duty Role
- D. Job Role Perspective Policy
Answer: D
NEW QUESTION 55
Which three are true about implementing a best practice solution for Financial Reporting Compliance?
(Choose three.)
- A. It promotes successful adoption and minimizes on-going cost of operation.
- B. It provides maximum return on investment with minimum project risk.
- C. It promotes rapid implementation and go-live.
- D. Large scope of project requires higheffort for maintenance and administration.
- E. It promotes go-live with minimal acceptance testing and user training.
Answer: A,B,C
NEW QUESTION 56
You need to schedule thereport "Access Violations by User." Which two steps do you take to create the saved parameters for the report schedule? (Choose two.)
- A. Click Save Report Parameters to create saved settings.
- B. Navigate to Administration Reports.
- C. Select Display Scheduled Reports.
- D. Highlight the report name and click Run Now.
- E. Navigate to Scheduling under Setup and Administration.
Answer: A,D
NEW QUESTION 57
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 cannot use the Data Migration tool to add control records to map to existing risks.
- C. You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
- D. To relate controls to risks, the risks must be in"approved" state.
- E. You can use the Data Migration tool to add control records for the existing risks.
Answer: A,E
NEW QUESTION 58
How do youassociate a risk to a control?
- A. To associate a control to a risk, the control needs to be in the Review state.
- B. The only way to create risk-control associations is through data import.
- C. In the related object section of process definition, add the control tothe risk.
- D. On the Related Objects tab of control definition, add the risk.
- E. On the Related Controls tab of risk definition, add the control.
Answer: E
NEW QUESTION 59
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: In Edit
- B. Status: Closed; State: Closed - Awaiting Approval
- C. Status: On Hold; State: In Review
- D. Status: On Hold; State: Awaiting Approval
- E. Status: On-Hold; State: Reported
- F. Status: Closed; State: Final Close
- G. Status: Open; State: Approved
- H. Status: Open; State: New
Answer: A,C,G,H
NEW QUESTION 60
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 thatidentify amounts and suppliers that are the same or similar, as shown:
Which additional date filter will further refine the set of duplicate charges found?
- A. The "Expense Report Credit Card Transaction"object's "Transaction Date" attribute is not blank.
- B. 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.
- C. The "Expense Report Credit Card Transaction" object's "Last Updated Date" attribute is greater than the "Relative Value" of 3 months.
- D. The "Payables Invoice" object's "Invoice Date" attribute is greater than the "ExpenseReport Credit Card Transaction" object's "Transaction Date" attribute.
Answer: B
NEW QUESTION 61
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 canthis be accomplished?
- A. The control manager should create a new test plan with Audit Test and Design Review as assessment types.
- B. The control's test plan should be updated to include both Audit Test and Design Review as assessment types.
- C. The control's test plan should be updated to Audit Test as the assessment type.
- D. The controlmanager does not need to update the control because any initiated assessment will include all control test plans.
Answer: B
NEW QUESTION 62
During implementation, you created a risk object and successfully mapped it to a control object. The client's Risk Owner is able to access the risk but not the control.
Why did this happen?
- A. The risk and control objects are inactive and need to be made active.
- B. The Risk Owner account is inactive.
- C. The Risk Owner role does not have the rightprivileges.
- D. The Risk Administrator needs to run the synchronize jobs to populate the mapping.
Answer: C
NEW QUESTION 63
Whichthree objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)
- A. Risks
- B. Processes
- C. Controls
- D. Test Plans
- E. Assessments
- F. Perspectives
Answer: A,B,C
NEW QUESTION 64
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