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EXAM DUMPS
ORACLE 1Z0-958
28% OFF Automatically For You Oracle Risk Management Cloud 2018 Implementation Essentials
1.Which three steps can be performed by using the Configure Module Objects pages? (Choose three.) A. Choose display (or hide) configurable options for: results, events, consequences and treatments. B. Set “object-perspective” association. C. Create object data import templates. D. Edit the assessment activity question and guidance text for all assessment types. E. View assessment response details for all assessment types. Answer: A,B,E
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2.Which three are true about implementing a best practice solution for Financial Reporting Compliance? (Choose three.) A. Large scope of project requires high effort for maintenance and administration. B. It promotes rapid implementation and go-live. C. It promotes go-live with minimal acceptance testing and user training. D. It provides maximum return on investment with minimum project risk. E. It promotes successful adoption and minimizes on-going cost of operation. Answer: B,D,E
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3.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 Control method field. B. Use Lookup Meaning of the new lookup value. C. Use Lookup Code of the new lookup value. D. Use Lookup Type of the new lookup value. Answer: A
4.Which three risk assessment activity types are available in Financial Reporting Compliance? (Choose three.) A. Design Review B. Qualitative Analysis C. Quantitative Analysis D. Certify E. Audit F. Assess Risk Answer: A,D,F
5.You are implementing Advanced Access Controls and there is a requirement for a control to monitor user access to specific, client-defined access points which give
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users the ability to both initiate a purchase order and approve payments on that purchase order. Which is a valid option to implement the control? A. From the “Access Entitlements” page create two entitlements containing the respective client-defined access points. Create an access model from the “Models” tab of Advanced Controls, based on the entitlements you created. B. Select Actions > Create Access Control from the “Controls” tab of Advanced Controls. C. Create an access model from the “Models” tab of Advanced Controls, and then define an access point filter for each individual client-defined access point. D. From the “Access Entitlements” page create two entitlements containing the respective client-defined access points. Create an access model from the “Models” tab of Advanced Controls, based on the entitlements you created. Finally, deploy an access control in the “Controls” tab of Advanced Controls, and select the access model you created. E. Create an access entitlement from the “Access Entitlements” page, then select Actions > Create Access Control from the “Controls” tab of Advanced Controls, and select the entitlement you created. Answer: D
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6.Which controls can user A manage for the following Control Manager role Configuration? See details of perspective trees and control-perspective association below.
A. All controls B. Controls 2 and 4 C. Controls 1, 2, and 4 D. None E. Controls 1 and 2
Answer: E
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7.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? A. 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. B. 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. C. 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. D. 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. E. 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. Answer: D
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8.You are implementing Advanced Access Controls for a client who wants to limit the seeded job role “Application Access Auditor”. This job role should NOT include system configuration duties, but allows the user to monitor jobs schedules for Advanced Controls. After the seeded job role is copied, that two duty roles should be removed to comply with the access restrictions? (Choose two.) A. Access Control Manager B. Advanced Control System Administrator C. Access incident Results Manager D. Application Data Source Manager E. Access Model Manager Answer: C,E
9.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:
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Which additional date filter will further refine the set of duplicate charges found? A. The “Payables Invoice” object’s “Invoice Date” attribute is greater than the “Expense Report Credit Card Transaction” object’s “Transaction Date” attribute. B. The “Expense Report Credit Card Transaction” object’s “Last Updated Date” attribute is greater than the “Relative Value” of 3 months. C. The “Expense Report Credit Card Transaction” object’s “Transaction Date” attribute is not blank. D. 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. Answer: D
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10.Which two filters must be combined to identify different suppliers who use the same taxpayer ID? (Choose two.) A. Function filter grouping by “Supplier ID” where count is greater than 1. B. Standard filter where the “Supplier” object’s “Supplier ID” is equal to itself. C. Function filter grouping by “Taxpayer ID” where count is greater than 1. D. Standard filter where the “Supplier” object’s “Allow Withholding Tax” is not blank. E. Standard filter where the “Supplier” object’s “Taxpayer ID” is not blank. Answer: A,E
11.Which two would need to happen in order for Advanced Access Controls (AAC) to automatically assign a status of “Closed” to an access incident? (Choose two.) A. The incident is resolved in Fusion Cloud and a subsequent evaluation of controls finds that the incident no longer exists. B. A global condition was added that resolves the conflict and a subsequent evaluation of controls finds that the incident no longer exists. C. A user sets the State of the incident to “Remediate”. D. The incident is resolved using simulation in AAC and a subsequent evaluation of controls finds that the incident no longer exists. E. A user sets the Status of the incident to “Resolved”.
Answer: A,C
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12.When running Synchronize Transaction from the Data Sources page of Application Configurations, which statement is true when you have two models using invoice and payment business objects? A. One job will run for the two objects based on transactions dated before the Transaction Created As of Date. B. One job will run for the two objects and the Transaction Created As of Date has no impact on the data. C. One job will run for the two objects based on transactions dated after the Transaction Created As of Date. D. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date. Answer: C
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13.Which two steps are required to set up two levels of approval for new controls, which are added after the initial import? (Choose two.) A. On the Controls tab of the Import template, set the control state to NEW for each control record. B. Identify the organizations or business units for which users will perform review or approval. C. Identify users who will perform control review and approval. D. Identify the other roles to be provided for control managers. Answer: B,C
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14.After generating an XML file export of Advanced Controls perspectives, you receive a message that the export job has been generated. What are the three steps you need to perform in order to download and review the formatted export file? (Choose three.) A. Open with an XML editor, such as Excel. B. Navigate to Monitor Jobs and click the message link for the export job. C. Click the Item Results link. D. Click the Export File button. E. Open with an HTML editor. Answer: A,B,D
15.The internal auditor advised the Control Owner of North America to perform assessment for two P2P controls. Which three steps can the Control Owner perform to kick-off assessments for only
those two controls? (Choose three.) A. Initiate a planned assessment that includes all controls assigned to perspective P2P. B. Perform impromptu assessments for the two controls. C. Enable impromptu assessments during configuration of module objects. D. Initiate a planned assessment and include the two controls as part of the same assessment. E. Initiate two planned assessments, one for each control. Answer: A,C,E
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16.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? A. The incident is deferred. B. The incident remains in “Closed” status and additional remedial action cannot be taken. C. The incident remains in “Closed” status and assigned users receive a notification that additional access incidents have been identified. D. The incident is copied and a new incident is created based on the original incident. E. The incident status changes to “Assigned.” Answer: C,E
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17.A Control Manager has changed the status of an issue to “In Remediation” and has submitted it. What will be the state of the Issue if there is no issue validator, reviewer, or approver configured? A. In Review B. Active C. Reported D. Approved E. In Edit Answer: C
18.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. Add the lookup codes to the GRC_RISK_TYPE Lookup Type. C. Because you cannot add new values, update one of the existing lookup codes to what the client wants it to be. 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
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19.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 to risks, the risks must be in “approved” state. B. You cannot use the Data Migration tool to add control records to map to existing risks. C. You can use the Data Migration tool to add control records for the existing risks. D. To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to. E. You can manually add control definitions and relate them to the risks in Financial Reporting Compliance. Answer: C,D
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20.You are advising your client on design and configuration related to how access incident results will be viewed and managed. The client has provided a list of business requirements: Which three must be configured to support these requirements? (Choose three.) A. Worklist assignment Result Investigator should be set to specific users. B. Custom perspective for Department linked to the Results object with Required set to “No” C. Custom perspective for Department linked to the Results object with Required set to “Yes” D. Investigators are assigned job roles with custom Department perspective data roles attached. Other incident users receive job roles which only allow viewing of incidents. E. Investigators are assigned job roles with custom Department perspective data roles attached for managing incidents. Other incident users are assigned job roles with custom Department perspective data roles attached for viewing only. F. Worklist assignment Result Investigator should be set to “All Eligible Users” Answer: A,D,F
21.Your client has configured separate roles for control assessor and control assessment reviewer. The control assessor has submitted his or her assessment. The control assessor realizes later that he or she has forgotten to attach a critical test evidence document to the assessment and needs to attach it now. How can this be accomplished? A. The assessor can request the reviewer to attach the document during the review.
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B. On the Assessment tab in the Control definition, the assessor can select the assessment and click the Complete Assessment button. He or she can attach the document and resubmit the assessment. C. The assessor can request the reviewer to reject the assessment. After the assessment is rejected, the assessor can then attach the document and resubmit the assessment. D. On the Manage Assessments page, the assessor can select the assessment and click the Reopen button. He or she can then attach the document and resubmit the assessment. Answer: D
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