Free Oracle 1Z1-958 Exam Dumps Questions & Answers

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 Control method field.
• B.Use Lookup Type of the new lookup value.
• C.Use Lookup Meaning of the new lookup value.
• D.Use Lookup Code of the new lookup value.

Your client has three operating units.
What are two ways in which you can exclude an operating unit where there are not enough personnel to allow segregation of duties? (Choose two.)

• A.Navigate to the Create Access Global Condition page and create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.
• B.In a model, create a new condition logic filter, select the operating unit attribute and select the operating unit value.
• C.In a model, create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.
• D.Navigate to the Create Access Global Condition page and create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.
• E.In a model, create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.

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

• A.Identify executives who will manage customer balances and recognize revenue.
• B.Identify executives who need to certify internal controls for SOX or similar mandates.
• C.Identify users who need to create and submit expense reports easily.
• D.Identify users who will create customer invoices, and receive and apply customer payments.

An assessor is trying to complete an operational assessment on a control for manual AP Invoice entry and is reviewing Prior Results.
Which statement is true about viewing Prior Results for this control?

• A.He or she will be able to review results of all prior assessments of all types for this control.
• B.He or she will be able to review results of all prior operational assessments for all controls.
• C.He or she will be able to review results of all prior Audit tests and operational assessments for this control.
• D.He or she will be able to review results of all prior assessments of all types for all controls.
• E.He or she will be able to review only results of prior operational assessments for this control.

Which three tasks should be completed before starting the Financial Reporting Compliance implementation?
(Choose three.)

• A.Complete control review and assessment for one period/cycle with the actual business owners.
• B.Migrate the organization's existing risk and control matrix into Financial Reporting Compliance.
• C.Identify Financial Reporting Compliance users for everyday use, administration, and sustained use.
• D.Create a project plan with objectives, goals, and exit criteria.
• E.Plan to go-live with a simple scope and later expand the solution to include additional business units/organizations/compliance frameworks.