01. Which of the following techniques can be used to gather requirements for risk management implementation?
a) Surveys and questionnaires
b) Stakeholder interviews
c) Documentation review
d) All of the above
02. 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 executives who will manage customer balances and recognize revenue.
c) Identify executives who need to certify internal controls for SOX or similar mandates.
d) Identify users who will create customer invoices, and receive and apply customer payments.
03. 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?
a) The control's test plan should be updated to Audit Test as the assessment type.
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 include both Audit Test and Design Review as assessment types.
d) The control manager does not need to update the control because any initiated assessment will include all control test plans.
04. Your client is configuring their Test pod (which has no data) and has created their initial import template with controls, test plans, perspectives, and perspective-control mappings. They have used custom list of values for Control Frequency.
Which three tasks must be completed before performing the data import?
(Choose three.)
a) Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.
b) Validate that the control-perspective relationship has been created in Manage Module Perspectives.
c) Validate that new lookup values are created for any custom list of values.
d) Validate that there are no duplicate worksheet IDs within the same worksheet.
e) Validate that the System ID column is populated correctly.
05. Which of the following factors should be considered when selecting financial reporting software?
a) Scalability and compatibility with existing systems
b) User interface design and aesthetics
c) Cost of the software
d) All of the above
06. What is data validation in the context of data migration?
a) The process of encrypting data during the migration
b) The process of verifying the accuracy and integrity of migrated data
c) The process of transforming data into a different format
d) The process of archiving data after the migration
07. After generating an XML file export of Advanced Controls perspectives, you receive a message that the export job has been generated.
What are the three steps you need to perform in order to download and review the formatted export file?
(Choose three.)
a) Open with an HTML editor.
b) Navigate to Monitor Jobs and click the message link for the export job.
c) Open with an XML editor, such as Excel.
d) Click the Export File button.
e) Click the Item Results link.
08. What does it mean to manage objects in the context of software development?
a) Organizing and manipulating existing objects
b) Deleting objects from a database
c) Creating new objects from scratch
d) Tracking object usage and performance
09. Which three risk assessment activity types are available in Financial Reporting Compliance?
(Choose three.)
a) Audit
b) Design Review
c) Certify
d) Quantitative Analysis
e) Qualitative Analysis
f) Assess Risk
10. When gathering requirements for risk management implementation, what should be considered in terms of organizational culture?
a) The availability of risk management tools
b) The level of risk tolerance
c) The hierarchy of decision-making
d) The size of the organization
The Oracle Risk Management Cloud Implementation Professional (1Z0-1058-23) Sample Question Set is designed to help you prepare for the Oracle Risk Management Cloud 2023 Certified Implementation Professional certification exam. To become familiar with the actual Oracle Certification exam environment, we suggest you try our Sample Oracle 1Z0-1058-23 Certification Practice Exam.