1Z0-1058 Online Practice Questions and Answers

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. 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.

B. Select Actions > Create Access Control from the "Controls" tab of Advanced Controls.

C. 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.

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. Finally, deploy an access control in the "Controls" tab of Advanced Controls, and select the access model 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.

You have imported risks in Financial Reporting Compliance using data migration. Your client is asking if you can add controls for these risks.

Which two statements are true? (Choose two.)

A. To relate controls to risks, the risks must be in "approved" state.

B. You cannot use the Data Migration tool to add control records to map to existing risks.

C. You can use the Data Migration tool to add control records for the existing risks.

D. To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.

E. You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.

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 function filter grouping by "Organization ID" where the sum of "Payment Amount" is greater than 100,000.

D. Add a standard filter where the "Payment" object's "Organization ID" equals BU5, and advanced option "Exclude" is checked.

E. Add a standard filter where the "Payment" object's "Organization ID" is equal to itself.

Select three fields that are required to create an impromptu assessment. (Choose three.)

A. Due Date

B. Template

C. Name

D. Reviewer

E. Perspectives

F. Activity

You are working with the customer to gather Risk-Control data for the data import process. The customer has information in multiple formats. Which format should be used for importing the data?

A. .xlsx

B. .doc

C. .pdf

D. .xml

E. .txt

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

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

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

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

D. Identify executives who will manage customer balances and recognize revenue.

Which two should you determine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)

A. Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.

B. Identify lookup values that need to be created for Control, Risk, and Issue Type fields.

C. Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.

D. Identify users who will be responsible for creating and maintaining controls and/or risks.

You are remediating access incidents in Advanced Access Controls (AAC), and have just completed the

remediation of a segregation of duties conflict for users in Fusion Security by removing the conflicting

access from the users.

What status do you set for the incident in AAC?

A. Resolved

B. Remediation

C. Remedy

D. Authorized

E. Accepted

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 "Supplier ID" does not equal itself.

B. The "Payables Invoice" object's "Invoice ID" is similar to the "Payables Invoice" object's "Invoice Number".

C. The "Payables Invoice" object's "Invoice Amount" is equal to itself.

D. The "Payables Invoice" object's "Invoice Number" is equal to the "Payables Invoice" object's "Invoice ID."

E. The "Payables Invoice" object's "Invoice Number" is equal to itself.

Which three objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)

A. Test Plans

B. Assessments

C. Processes

D. Perspectives

E. Risks

F. Controls