Online Access Free 1Z1-1058 Practice Test

You want to identify Controls with the most Incidents, with the condition that the identified Controls should have 80% of all Incidents. To do this, you have imported a custom object that contains the number of incidents associated with each control, and have added that object to a transaction model.
Which pattern filter must you now apply?

• A.Anomaly Detection
• B.Clustering
• C.Pareto
• D.Mean
• E.Absolute Deviation

An organization has a list of companies with which they no longer wish to do business. The list is not stored in their ERP Could but is stored in a file.
Which transaction model will identify payments made to these companies?

• A.Add a configurable attribute "Company Name" to Oracle's pre-built "Payment" object. Then add this standard filter: "Remit to Supplier Name" equals "Company Name".
• B.You cannot define this model because imported objects from a file cannot be used with delivered objects.
• C.Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payment" object. One both objects are in your model, add this standard filter: the "Payment" object's "Remit to Supplier Name" is similar to the custom object's "Company Name" by 95%.
• D.Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payables Invoice" object. Once both objects are in your model, add this standard filter: the "Payables Invoice" object's "Supplier Name" equals the custom object's "Company Name".

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.Identify the type of assessments included in each assessment cycle.
• B.Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.
• C.Understand the sample size for each audit test.
• D.Determine the main objectives of deploying the control.
• E.Determine if control assessments are planned ahead of time or are run impromptu.

Which controls can user A access and manage for the following Control Manager role configuration? See details of perspective trees and control-perspective association below.

• A.All controls
• B.Only Control 1
• C.Controls 1, 2, and 3
• D.None
• E.Controls 2 and 3

The internal auditor advised the Control Owner of North America to perform assessment for two P2P controls.
Which three steps can the Control Owner perform to kick-off assessments for only those two controls?
(Choose three.)

• A.Initiate two planned assessments, one for each control.
• B.Initiate a planned assessment that includes all controls assigned to perspective P2P.
• C.Initiate a planned assessment and include the two controls as part of the same assessment.
• D.Enable impromptu assessments during configuration of module objects.
• E.Perform impromptu assessments for the two controls.