1Z0-1058-21 by Oracle Valid Free Exam Practice Test

Question 1

At the last step of initiating assessments,the assessment manager sees who the assessment participants are (to complete, review, and approve the assessments). If the assessment manager wants to change the participant, who completes the assessment, what should he or she do?

A. Request the administrator to assign Data Security Policies with correct perspectives to the Assessor's job role. B. Modify the participant list in the last step of initiating assessments. C. Request the administrator to change the Perspective in Data Security Policy for the Control Manager's job role. D. It is not possible to change the participants after Data Security Policies are assigned. E. Modify the perspective hierarchy in the last step of initiating assessments.

Correct Answer: B

Question 2

You need to schedule the report "Access Violations by User." Which two steps do you take to create thesaved parameters for the report schedule? (Choose two.)

A. Navigate to Administration Reports. B. Select Display Scheduled Reports. C. Click Save Report Parameters to create savedsettings. D. Highlight the report name and click Run Now. E. Navigate to Scheduling under Setup and Administration.

Correct Answer: C,D

Question 3

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. Perform impromptu assessments for the two controls. B. Initiate a planned assessment that includes all controls assigned to perspective P2P. C. Initiate two plannedassessments, one for each control. D. Initiate a planned assessment and include the two controls as part of the same assessment. E. Enable impromptu assessments during configuration of module objects.

Correct Answer: B,C,E

Question 4

Select three fields that are required to createan impromptu assessment. (Choose three.)

A. Template B. Activity C. Perspectives D. Due Date E. Name F. Reviewer

Correct Answer: A,D,E

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. 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 this control. 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 all controls. E. He or she will be able to review only results of prior operational assessments for this control.

Correct Answer: C

Question 6

You havecreated 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 her security 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 Data Security 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. Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role. B. Add to the EMEA P2P Control Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy. C. Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role. D. While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.

Correct Answer: B,D

Question 7

Yourclient has asked you to define a transaction model to identify duplicate invoices based on Invoice Numbers and Invoice Amounts.
Which two standard filters can be combined to accomplish this? (Choose two.)

A. The "Payables Invoice" object's "Supplier ID"does not equal itself. B. The "Payables Invoice" object's "Invoice Amount" is equal to itself. C. The "Payables Invoice" object's "Invoice Number" is equal to itself. D. The "Payables Invoice" object's "Invoice Number" is equal to the "Payables Invoice" object's "Invoice ID." E. The "Payables Invoice" object's "Invoice ID" is similar to the "Payables Invoice" object's "Invoice Number".

Correct Answer: A,D

Question 8

You are configuring security and you do not want the risks to go through the review and approve process each time they are updated. How will you meet this requirement?

A. Ensure that only the upper management is given the Risk Reviewer Composite duty role so they could review the risks that they want to review. B. Ensure that no user has been assigned a job role that includes the Risk Reviewer Composite or Risk Approver Composite Duty Role. C. Add the Risk Reviewer Composite duty role to theperson who creates the risks so he or she would be able to review them before saving the record. D. Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.

Correct Answer: D

Oracle Risk Management Cloud 2021 Implementation Essentials - 1Z0-1058-21 Exam Practice Test