Free Oracle 1Z0-1058-24 Exam Questions

Become Oracle Certified with updated 1Z0-1058-24 exam questions and correct answers

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Total 78 Questions | Updated On: Mar 11, 2025

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Question 1

You are implementing Advanced Financial Controls and you want to identify suspect transactions where the

payment 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?

A : mplate

B : ntrol

C : del

D : lter

E : iness object

Answer: C

Question 2

Which two filters must be combined to identify different suppliers who use the same taxpayer ID? (Choose two.)

A : nction filter grouping by “Supplier ID” where count is greater than 1.

B : andard filter where the “Supplier” object’s “Supplier ID” is equal to itself.

C : nction filter grouping by “Taxpayer ID” where count is greater than 1.

D : andard filter where the “Supplier” object’s “Allow Withholding Tax” is not blank.

E : andard filter where the “Supplier” object’s “Taxpayer ID” is not blank.

Answer: A

Question 3

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 : entify the type of assessments included in each assessment cycle.

B : derstand the sample size for each audit test.

C : termine if control assessments are planned ahead of time or are run impromptu.

D : termine the main objectives of deploying the control.

E : termine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow

Answer: A,B,C

Question 4

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 : relate controls to risks, the risks must be in “approved” state.

B : u cannot use the Data Migration tool to add control records to map to existing risks.

C : u can use the Data Migration tool to add control records for the existing risks.

D : relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.

E : u can manually add control definitions and relate them to the risks in Financial Reporting Compliance.

Answer: C,D

Question 5

An assessor is trying to complete an operational assessment on a control for manual AP Invoice entry and is

reviewing Prior Results.

Which statement is true about viewing Prior Results for this control?

A : or she will be able to review results of all prior assessments of all types for this control.

B : or she will be able to review results of all prior Audit tests and operational assessments for this control.

C : or she will be able to review only results of prior operational assessments for this control.

D : or she will be able to review results of all prior operational assessments for all controls.

E : or she will be able to review results of all prior assessments of all types for all controls.

Answer: B

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Total 78 Questions | Updated On: Mar 11, 2025

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