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: Mar 25, 2025

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Question 1

You have defined an initial Perspective Hierarchy for your client in the Advanced Controls module. After

refining their business requirements, your client wants to expand the existing hierarchy to include 150

perspective items in various levels. For efficient processing, you decide to use the GRC data migration feature

to import the new items.

Which three are valid processing steps required to define the export file? (Choose three.)

A : vigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.

B : nerate Template as Without Data.

C : vigate to Manage Module Perspectives.

D : nerate Template as Without Data – Perspectives Only.

E : ick the Create Import Template button.

Answer: A,B,C

Question 2

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 3

The GRC Business owner responsible for reviewing and investigating access incidents related to the “Order to

Cash” perspective does not see any worklists for the generated results. You have validated that:

1. Other business owners are able to view their assigned worklists without any problem

2. Incidents have been generated for the controls related to Order to Cash

3. The business owner’s assigned roles contain the correct functional privileges and data access to the correct

perspective values

What is the reason the business owner cannot see any worklists for the generated incidents?

A : Result Management Perspective Assignment has not been linked.

B : underlying model is not linked to Order to Cash.

C : business owner was recently assigned the role and the worklist needs to be refreshed.

D : rklist assignment does not include the business owner.

E : Control Perspectives are not linked to the control.

Answer: D

Question 4

How do you populate the Control Method field with a new custom value, such as a third-party application’?

A : ter the new value directly in the Control method field.

B : Lookup Meaning of the new lookup value.

C : Lookup Code of the new lookup value.

D : Lookup Type of the new lookup value.

Answer: A

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: Mar 25, 2025

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