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Oracle 1z0-1058-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Advanced Financial Controls- Transaction analysis
  • 1. Result management and reporting
    • 2. Detecting anomalies and suspicious transactions
      - Modeling controls
      • 1. Control models and templates
        • 2. Filters and business objects
          Topic 2: Advanced Access Controls- Access modeling
          • 1. User and role assignments
            • 2. Access points and entitlements
              Topic 3: Financial Reporting Compliance- Perspectives and security
              • 1. Role-based access control
                • 2. Perspective design and usage
                  - Controls and assessments
                  • 1. Assessments and certifications
                    • 2. Control lifecycle management
                      Topic 4: Risk Management Cloud Overview- Introduction to Oracle Risk Management Cloud
                      • 1. Risk Management Cloud offerings
                        • 2. Key components and architecture

                          Oracle Risk Management Cloud 2023 Implementation Professional Sample Questions:

                          1. Your customer needs to conduct monthly Operational Effectiveness assessments for controls across two organizations (North America and EMEA). Your customer requires that assessment results for North America be accessible only to users in North America and likewise for EMEA. Additionally, the Chief Risk Officer reviews the assessment results by Business Process every week.
                          How should you design perspectives to achieve this?

                          A) Use the Business Process hierarchy for security and the Region hierarchy for reporting of controls.
                          B) Use both Region and Business Process hierarchies solely for reporting purposes.
                          C) Use the Region hierarchy for security and the Business Process hierarchy for reporting of controls.
                          D) Use the Region hierarchy initially, and later use both Region and Business Process hierarchies for security.


                          2. Which two filters must be combined to identify different suppliers who use the same taxpayer ID? (Choose two.)

                          A) Standard filter where the "Supplier" object's "Taxpayer ID" is not blank.
                          B) Function filter grouping by "Taxpayer ID" where count is greater than 1.
                          C) Standard filter where the "Supplier" object's "Supplier ID" is equal to itself.
                          D) Function filter grouping by "Supplier ID" where count is greater than 1.
                          E) Standard filter where the "Supplier" object's "Allow Withholding Tax" is not blank.


                          3. 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 entitlement: "Create Supplier & Create Invoice & Create Payment"
                          B) Construct two models, and create controls based on the models: "Create Supplier & Create Invoice",
                          "Create Invoice & Create Payment"
                          C) Construct one model: "Create Supplier & Create Invoice & Create Payment"
                          D) Construct three controls, and create controls based on the models: "Create Supplier & Create Invoice",
                          "Create Invoice & Create Payment", "Create Supplier & Create Payment"
                          E) Construct one model with three condition filters where the Function Name Equals "Create Supplier",
                          "Create Invoice" and "Create Payment"


                          4. You are implementing Advanced Access Controls and there is a requirement for a control to monitor user access to specific, client-defined access points which give users the ability to both initiate a purchase order and approve payments on that purchase order.
                          Which is a valid option to implement the control?

                          A) Create an access model from the "Models" tab of Advanced Controls, and then define an access point filter for each individual client-defined access point.
                          B) Select Actions > Create Access Control from the "Controls" tab of Advanced Controls.
                          C) From the "Access Entitlements" page create two entitlements containing the respective client-defined access points. Create an access model from the "Models" tab of Advanced Controls, based on the entitlements you created. Finally, deploy an access control in the "Controls" tab of Advanced Controls, and select the access model you created.
                          D) From the "Access Entitlements" page create two entitlements containing the respective client-defined access points. Create an access model from the "Models" tab of Advanced Controls, based on the entitlements you created.
                          E) Create an access entitlement from the "Access Entitlements" page, then select Actions > Create Access Control from the "Controls" tab of Advanced Controls, and select the entitlement you created.


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


                          Solutions:

                          Question # 1
                          Answer: C
                          Question # 2
                          Answer: A,B
                          Question # 3
                          Answer: B
                          Question # 4
                          Answer: C
                          Question # 5
                          Answer: B,D

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