1Z0-1058-23 Practice Questions

Question 1

The control manager needs to associate an existing test plan to an additional assessment type, Audit Test. The existing test plan is associated only with the Design Review assessment type.

How can this be accomplished?

Accepted Answer

The control's test plan should be updated to include both Audit Test and Design Review as assessment types.

Answer

The control manager should create a new test plan with Audit Test and Design Review as assessment types.

Answer

The control manager does not need to update the control because any initiated assessment will include all control test plans.

Answer

The control's test plan should be updated to Audit Test as the assessment type.

Question 2

Which two would need to happen in order for Advanced Access Controls (AAC) to automatically assign a status of ''Closed'' to an access incident? (Choose two.)

Accepted Answer

The incident is resolved in Fusion Cloud and a subsequent evaluation of controls finds that the incident no longer exists.

Accepted Answer

A user sets the State of the incident to ''Remediate''.

Answer

A global condition was added that resolves the conflict and a subsequent evaluation of controls finds that the incident no longer exists.

Answer

The incident is resolved using simulation in AAC and a subsequent evaluation of controls finds that the incident no longer exists.

Answer

A user sets the Status of the incident to ''Resolved''.

Question 3

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?

Accepted Answer

Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.

Answer

Add the Risk Reviewer Composite duty role to the person who creates the risks so he or she would be able to review them before saving the record.

Answer

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.

Answer

Ensure that no user has been assigned a job role that includes the Risk Reviewer Composite or Risk Approver Composite Duty Role.

Question 4

How do you identify Financial Reporting Compliance Cloud's key stakeholders?

Accepted Answer

Identify executives who will manage customer balances and recognize revenue.

Answer

Identify users who need to create and submit expense reports easily.

Answer

Identify users who will create customer invoices, and receive and apply customer payments.

Answer

Identify executives who need to certify internal controls for SOX or similar mandates.

Question 5

When running Synchronize Transaction from the Data Sources page of Application Configurations, which statement is true when you have two models using invoice and payment business objects?

Accepted Answer

One job will run for the two objects based on transactions dated after the Transaction Created As of Date.

Answer

One job will run for the two objects based on transactions dated before the Transaction Created As of Date.

Answer

One job will run for the two objects and the Transaction Created As of Date has no impact on the data.

Answer

Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.

Free Oracle 1Z0-1058-23 Exam Practice Questions & Explanations