(May-2023) Latest 1z0-1058-22 Dumps for Success in Actual Oracle Certified
Changing the Concept of 1z0-1058-22 Exam Preparation 2023
NEW QUESTION 19
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. He or she will be able to review results of all prior operational assessments for all controls.
- B. He or she will be able to review results of all prior assessments of all types for all controls.
- C. He or she will be able to review results of all prior Audit tests and operational assessments for this control.
- D. He or she will be able to review results of all prior assessments of all types for this control.
- E. He or she will be able to review only results of prior operational assessments for this control.
Answer: C
NEW QUESTION 20
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, you need 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. The assessment 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. Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.
- D. After you have completed the remediation plan, click the Close button on the Remediation Plan page.
Answer: A
NEW QUESTION 21
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:
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 "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 "Expense Report Credit Card Transaction" object's "Transaction Date" attribute is not blank.
Answer: B
NEW QUESTION 22
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: Approved
- B. Status: Closed; State: Closed - Awaiting Approval
- C. Status: On-Hold; State: Reported
- D. Status: Closed; State: Final Close
- E. Status: Open; State: New
- F. Status: Open; State: In Edit
- G. Status: On Hold; State: In Review
- H. Status: On Hold; State: Awaiting Approval
Answer: A,E,F,G
NEW QUESTION 23
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 "Person" where the "Expense Type" has an "In" 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 "Report Number" where the "Expense Type" has an "Equals" condition for values that include taxi, car, mileage.
Answer: D
NEW QUESTION 24
How do you add values to a Risk Type list of values?
- A. Add the lookup codes to the GRCM_RISK_TYPE Lookup Type.
- B. Populate the Import template with the new values in the Issue Severity column on the Controls tab.
- C. Use the default lookup codes because there is no way to update the existing ones.
- D. Add the lookup codes to the GRC_RISK_TYPE Lookup Type.
- E. Because you cannot add new values, update one of the existing lookup codes to what the client wants it to be.
Answer: A
NEW QUESTION 25
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. 2, 3, 1
- B. 1, 3, 2
- C. 3, 2, 1
- D. 1, 2, 3
- E. 2, 1, 3
Answer: D
NEW QUESTION 26
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. You can use the Data Migration tool to add control records for the existing risks.
- B. To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.
- C. To relate controls to risks, the risks must be in "approved" state.
- D. You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
- E. You cannot use the Data Migration tool to add control records to map to existing risks.
Answer: A,B
NEW QUESTION 27
You can relate objects in Financial Reporting Compliance. Which statement is true about editing or creating related objects in the Related Objects section on the Risk Definition page?
- A. You can relate only process objects.
- B. You can relate a new process and a new control.
- C. You can relate only an existing control, but not a new control.
- D. You can relate only control objects.
Answer: B
NEW QUESTION 28
Select three fields that are required to create an impromptu assessment. (Choose three.)
- A. Template
- B. Perspectives
- C. Activity
- D. Name
- E. Due Date
- F. Reviewer
Answer: A,D,E
NEW QUESTION 29
You are helping your client identify and define their controls. You have 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 Import template
- B. The Create Control screen
- C. The Create Perspectives screen
- D. The Manage Object Perspectives screen
- E. The Manage Module Perspectives screen
Answer: C
NEW QUESTION 30
You have two segregation of duties requirements:
1) a user can access either the supplier creation pages or the invoice pages, but not both.
2) a user can access either the invoice creation pages or the payment creation pages, but not both.
How must these requirements be met in Advanced Access Controls?
- A. Construct one model with three condition filters where the Function Name Equals "Create Supplier", "Create Invoice" and "Create Payment"
- B. Construct two models, and create controls based on the models: "Create Supplier & Create Invoice", "Create Invoice & Create Payment"
- C. Construct three controls, and create controls based on the models: "Create Supplier & Create Invoice", "Create Invoice & Create Payment", "Create Supplier & Create Payment"
- D. Construct one model: "Create Supplier & Create Invoice & Create Payment"
- E. Construct one entitlement: "Create Supplier & Create Invoice & Create Payment"
Answer: D
NEW QUESTION 31
Which controls can user A access and manage for the following Control Manager role configuration? See details of perspective trees and control-perspective association below.
- A. Only Control 1
- B. None
- C. Controls 2 and 3
- D. All controls
- E. Controls 1, 2, and 3
Answer: C
NEW QUESTION 32
You are validating your customer's import template before import. The customer requires that all controls be set up so they are noted to be used for the Audit Test assessment type. How do you verify that this has been done?
- A. The Control has a related process.
- B. The Control status filed is set to "Audit Test."
- C. The Assessment Flag and the Audit Testing Flag are both set to "Y."
- D. The Control comment filed has a notation for "Audit Test."
Answer: A
NEW QUESTION 33
An organization has a list of companies with which they no longer wish to do business. The list is not stored in their ERP Could but is stored in a file.
Which transaction model will identify payments made to these companies?
- A. Add a configurable attribute "Company Name" to Oracle's pre-built "Payment" object. Then add this standard filter: "Remit to Supplier Name" equals "Company Name".
- B. Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payment" object. One both objects are in your model, add this standard filter: the "Payment" object's "Remit to Supplier Name" is similar to the custom object's "Company Name" by 95%.
- C. Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payables Invoice" object. Once both objects are in your model, add this standard filter: the "Payables Invoice" object's "Supplier Name" equals the custom object's "Company Name".
- D. You cannot define this model because imported objects from a file cannot be used with delivered objects.
Answer: C
NEW QUESTION 34
During implementation, you created a Financial Reporting Compliance superuser and assigned this user the following roles:
Enterprise Risk and Control Manager
IT Security Manager
Employee
The superuser logs in to Financial Reporting Compliance but is not able to create new Data Security Policies.
What is wrong?
- A. The superuser's account is not yet approved by his or her supervisor in Financial Reporting Compliance.
- B. The superuser's account is inactive and his or her account needs to be activated.
- C. The superuser's account is created but the synchronization jobs have not been run.
- D. The application will not allow a user to both create users and assign them roles.
Answer: C
NEW QUESTION 35
You are implementing Advanced Access Controls for a client. You need to create a model that returns users who have been assigned a specified access point but excludes a specific operating unit.
Which business object(s) do you need to add to your model to accomplish this objective?
- A. Access Entitlement
- B. Access Point
- C. Access Point and Fusion Access Condition
- D. Access Point and User Business Object
- E. Fusion Access Condition
Answer: A
NEW QUESTION 36
Your client has subscribed to Financial Reporting Compliance and would like to address risks using treatment plans.
Which option shows the settings that will help in achieving this configuration?
- A. Configure Module Objects > Edit Risk Object Configuration > Treatment = Hide and Default
- B. Configure Module Objects > Edit Risk Object Configuration > Result = Show
- C. Configure Module Objects > Edit Control Object Configuration > Result = Show
- D. Configure Module Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.
- E. Configure Module Objects > Edit Risk Object Configuration > Treatment = Show
Answer: C
NEW QUESTION 37
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