Free Oracle 1Z0-1058-24 Exam Questions

Become Oracle Certified with updated 1Z0-1058-24 exam questions and correct answers

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Total 78 Questions | Updated On: May 23, 2024

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Question 1

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 2

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 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

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 : or she will be able to review results of all prior assessments of all types for this control.

B : or she will be able to review results of all prior Audit tests and operational assessments for this control.

C : or she will be able to review only results of prior operational assessments for this control.

D : or she will be able to review results of all prior operational assessments for all controls.

E : or she will be able to review results of all prior assessments of all types for all controls.

Answer: B

Question 5

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.)

A : entify the type of assessments included in each assessment cycle.

B : derstand the sample size for each audit test.

C : termine if control assessments are planned ahead of time or are run impromptu.

D : termine the main objectives of deploying the control.

E : termine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow

Answer: A,B,C

Page: 1 / 16

Total 78 Questions | Updated On: May 23, 2024

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