Quality 1Z0-1058-20 PDF Dumps - 1Z0-1058-20 Exam Questions
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Topics of Oracle Risk Management Cloud 2020 Implementation Essentials 1z0-1058-20 Exam
Candidates must know the exam topics before they start of preparation. Our 1z0-1058-20 Dumps will include the following topics:
1. Gather Requirements for Risk Management Implementation (fka Gather Requirements for Financial Reporting Compliance Implementation)
- Describe Risk Management (fka Describe Financial Reporting Compliance)
- Plan to gather information for the implementation
- Design Perspectives, both as it relates to security and reporting
- Implement the Best Practice Process
- Describe Objects
2. Data Migration
- Populate an import template
- Troubleshoot errors during an import
- Explain the steps to import and export data
- Validate an import template prior to import
- Assemble existing risk control matrix data
3. Manage Objects
- Describe how to create objects
- Create Review and Approve workflows for objects
- Relate objects to one another
- Create Control Test Plans
4. Manage Issues
- Create and manage issues
- Manage the issue resolution process
- Explain security for Issues
- Describe an Issue lifecycle
5. Advanced Access Controls (fka Application Access Controls Governor)
- Explain Simulation and Remediation
- Create and manage Models and Controls
- Configure Conditions
- Explain Entitlements
6. Initial Financial Reporting Compliance Configuration (fka Initial Configuration)
- Configure and manage Lookups
- Configure Module Objects
- Configure a pod for Financial Reporting Compliance Implementation
7. Security
- Configure and create Perspective-based Data Security policies
- Configure and assign Job and Duty roles
- Describe jobs and processes related to security
- Describe Job roles, Duty roles, and Data Security policies
8.Manage Assessments
- Initiate ad-hoc assessments
- Explain planned and ad-hoc assessments
- Create assessment templates and plans
- Initiate planned assessments
- Complete assessments
9. Initial Advanced Controls Configuration (fka Fusion GRC Set Up and Administration)
- Configure security
- Create and manage Perspectives
- Explain reporting
- Describe modules
10. Advanced Financial Controls (fka Transaction Controls Governor)
- Configure Patterns
- Explain Result Management
- Configure Functions
- Describe Models and Controls
- Configure Filters
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NEW QUESTION 43
You have built a transaction model to identify possible duplicate charges between invoicing and expense credit cards. The model logic already includes two standard filters thatidentify amounts and suppliers that are the same or similar, as shown:
Which additional date filter will further refine the set of duplicate charges found?
- A. The "Expense Report Credit Card Transaction" object's "Last Updated Date" attribute is greater than the "Relative Value" of 3 months.
- B. The "Payables Invoice" object's "Invoice Date" attribute is greater than the "ExpenseReport Credit Card Transaction" object's "Transaction Date" attribute.
- C. The "Payables Invoice" object's "Invoice Date" attribute is similar to the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute within +/- 10 days.
- D. The "Expense Report Credit Card Transaction"object's "Transaction Date" attribute is not blank.
Answer: C
NEW QUESTION 44
Which two should you determine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)
- A. Identify users who will be responsible for creating and maintaining controls and/or risks.
- B. Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.
- C. Identify lookup values that need to be created for Control, Risk, and Issue Type fields.
- D. Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.
Answer: B,C
NEW QUESTION 45
Your client has subscribed to Financial Reporting Compliance and would like to address risks using treatment plans.
Which option shows the settings that will help in achieving this configuration?
- A. Configure Module Objects > Edit Risk Object Configuration >Result = Show
- B. Configure Module Objects > Edit Risk Object Configuration > Treatment = Hide and Default
- C. Configure Module Objects > Edit Risk Object Configuration > Treatment = Show
- D. Configure Module Objects > Edit Control Object Configuration > Result = Show
- E. Configure Module Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.
Answer: D
NEW QUESTION 46
At the last step of initiating assessments, the assessment manager sees who the assessment participants are (to complete, review, and approve the assessments). If the assessment manager wants to change the participant, who completes the assessment, what should he or she do?
- A. It is not possible to change the participants after Data Security Policies are assigned.
- B. Modify the perspective hierarchy in the last step of initiating assessments.
- C. Request theadministrator to change the Perspective in Data Security Policy for the Control Manager's job role.
- D. Request the administrator to assign Data Security Policies with correct perspectives to the Assessor's job role.
- E. Modify the participant list in the last step of initiating assessments.
Answer: E
NEW QUESTION 47
Your customer has a requirement to define an IT Compliance Manager job role with privileges to manage risks and controls, and the issues related to the risks and controls.
What are the duty roles that must be included in this job role to achieve this requirement?
- A. Seeded Issue Manager Composite and IssueValidator Composite
- B. Seeded Risk Manager Composite, Control Manager Composite, and Issue Manager Composite
- C. Seeded Issue Manager Composite
- D. Seeded Risk Issue Manager and Control Issue Manager
Answer: B
NEW QUESTION 48
Select three fields that are required to create an impromptu assessment. (Choose three.)
- A. Activity
- B. Template
- C. Name
- D. Reviewer
- E. Perspectives
- F. Due Date
Answer: B,C,F
NEW QUESTION 49
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?
- A. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.
- B. One job will run for the two objects and the Transaction Created As of Date has no impact on the data.
- C. One job will run for the two objects based ontransactions dated before the Transaction Created As of Date.
- D. One job will run for the two objects based on transactions dated after the Transaction Created As of Date.
Answer: D
NEW QUESTION 50
What would happen to an access incident in Advanced Access Controls (AAC) that has been remediated and has a status of "Closed," but poses a conflict again during a subsequent evaluation of controls?
- A. The incident remains in "Closed" status and additional remedial action cannot be taken.
- B. The incident status changes to "Assigned."
- C. The incident is copied and a new incident is created based on the original incident.
- D. The incident remains in "Closed" status and assigned users receive a notification that additional access incidents have been identified.
- E. The incident is deferred.
Answer: B,D
NEW QUESTION 51
You are implementing Advanced Financial Controls and you want to identify suspect transactions where the payment amount is less than $20 USD. However, you only want the results returned to be temporary.
What will you build in order to accomplish your objective?
- A. Template
- B. Business object
- C. Model
- D. Control
- E. Filter
Answer: C
NEW QUESTION 52
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.)
- A. Add a standard filter where the "Payment" object's "Organization ID" equals BU1, BU2, BU3, BU4.
- B. Add a function filter grouping by "Supplier ID" where the sum of "Payment Amount" is greater than
100,000. - C. Add a standard filter where the "Payment" object's "Organization ID" is equal to itself.
- D. Add a function filter grouping by "Organization ID" where the sum of "Payment Amount" is greater than 100,000.
- E. Add astandard filter where the "Payment" object's "Organization ID" equals BU5, and advanced option
"Exclude" is checked.
Answer: A,D
NEW QUESTION 53
How do you add values to a Risk Type list of values?
- A. Use the default lookup codes because there is no way to update the existing ones.
- B. Populate the Import template with the new values in the Issue Severity column on the Controls tab.
- C. Add the lookup codes to the GRCM_RISK_TYPE Lookup Type.
- D. Because you cannot add newvalues, update one of the existing lookup codes to what the client wants it to be.
- E. Add the lookup codes to the GRC_RISK_TYPE Lookup Type.
Answer: C
NEW QUESTION 54
A user has created and submitted a new control and the state of the control is "In Review." The userexpected that the control state would change to "Approved." Why is the control not in the "Approved" state?
- A. The Control Approver role has been assigned to some users.
- B. The Control Reviewer role has been assigned to someusers.
- C. This user is not a Control Approver; therefore, the status will be "In Review."
- D. New controls must always be reviewed, irrespective of security configuration.
Answer: C
NEW QUESTION 55
How do you populate the Control Method field with a new custom value, such as a third-party application'?
- A. Enter the new value directly in the Controlmethod field.
- B. Use Lookup Code of the new lookup value.
- C. Use Lookup Type of the new lookup value.
- D. Use Lookup Meaning of the new lookup value.
Answer: A
NEW QUESTION 56
You have created a risk definition R100 and have created a new control C100 for this risk. No user has been assigned the Risk or Control reviewer and approver roles. What will be the state of R100 and C100 after submitting?
- A. Both R100 and C100 will be in the "Awaiting Approval" state.
- B. Both R100 and C100 will be in the "In Review" state.
- C. Both R100 and C100 will be in the "Approved" state.
- D. BothR100 and C100 will be in the "New" state.
Answer: A
NEW QUESTION 57
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 canthis be accomplished?
- A. The controlmanager does not need to update the control because any initiated assessment will include all control test plans.
- B. The control manager should create a new test plan with Audit Test and Design Review as assessment types.
- C. The control's test plan should be updated to Audit Test as the assessment type.
- D. The control's test plan should be updated to include both Audit Test and Design Review as assessment types.
Answer: D
NEW QUESTION 58
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