Question No. 1

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.)

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

BThe Perspective Hierarchy was not associated to the Control Object.

CThere was no Control Type associated with the controls.

DThe Perspective Hierarchy is not in the Approved state.

ENo risks were mapped to the imported controls.

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Correct Answer: A, C, E

Question No. 2

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.)

AIdentify the type of assessments included in each assessment cycle.

BUnderstand the sample size for each audit test.

CDetermine if control assessments are planned ahead of time or are run impromptu.

DDetermine the main objectives of deploying the control.

EDetermine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.

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Correct Answer: B, C, E

Question No. 3

You have five business units in our company, BU1 through BU5. You want to build a transaction model to identify suppliers who have been paid more than $100,000 USD across all business units except BU5.

Which two filters must be combined? (Choose two.)

AAdd a standard filter where the ''Payment'' object's ''Organization ID'' equals BU1, BU2, BU3, BU4.

BAdd a function filter grouping by ''Supplier ID'' where the sum of ''Payment Amount'' is greater than 100,000.

CAdd a function filter grouping by ''Organization ID'' where the sum of ''Payment Amount'' is greater than 100,000.

DAdd a standard filter where the ''Payment'' object's ''Organization ID'' equals BU5, and advanced option ''Exclude'' is checked.

EAdd a standard filter where the ''Payment'' object's ''Organization ID'' is equal to itself.

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Correct Answer: A, C

Question No. 4

After adding a new control in Financial Reporting Compliance, the control owner clicks Submit. Users with the Control Reviewer and Control Approver roles exist.

What is the expected outcome?

AThe control goes into the ''Waiting for Approval'' state.

BThe control goes into the ''New'' state.

CThe control goes into the ''Approved'' state.

DThe control goes into the ''In Review'' state.

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Correct Answer: D

Question No. 5

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?

AInclusive 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.

BInclusive 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.

CInclusive 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.

DInclusive 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.

EInclusive 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.

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Correct Answer: D

Free Oracle 1Z0-1058-22 Exam Actual Questions

The questions for 1Z0-1058-22 were last updated On Nov 11, 2024