Oracle 1Z0-1058-24 Exam Real Questions

Prepare and pass your Oracle Risk Management Cloud 2024 Implementation Professional with free 1Z0-1058-24 exam questions.

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Total 78 Questions | Updated On: Oct 08, 2024

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Question 1

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 2

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

A : ter the new value directly in the Control method field.

B : Lookup Meaning of the new lookup value.

C : Lookup Code of the new lookup value.

D : Lookup Type of the new lookup value.

Answer: A

Question 3

You completed the data migration successfully. You created 100 controls, an Organization Perspective, and

relationship of controls to the Organization Perspective. All controls are related to one perspective item. The

Control Manager logs in to the application to view the new controls, yet there are none available for his or her

review.

Identify three reasons for this. (Choose three.)

A : Control Manager was not given the correct data security policy to access the controls.

B : Perspective Hierarchy was not associated to the Control Object.

C : ere was no Control Type associated with the controls.

D : Perspective Hierarchy is not in the Approved state.

E : risks were mapped to the imported controls.

Answer: A,C

Question 4

You are building a transaction model to identify invoices with USD amounts that are greater than the

supplier’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?

A : 1, 3, 2

B : 1, 2, 3

C : 2, 3, 1

D : 3, 2, 1

E : 2, 1, 3

Answer: B

Question 5

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?

A : Result Management Perspective Assignment has not been linked.

B : underlying model is not linked to Order to Cash.

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

D : rklist assignment does not include the business owner.

E : Control Perspectives are not linked to the control.

Answer: D

Page: 1 / 16

Total 78 Questions | Updated On: Oct 08, 2024

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