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1. 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) Determine if control assessments are planned ahead of time or are run impromptu.
B) Identify the type of assessments included in each assessment cycle.
C) Understand the sample size for each audit test.
D) Determine the main objectives of deploying the control.
E) Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.
2. 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 "Approved" state.
C) Both R100 and C100 will be in the "New" state.
D) Both R100 and C100 will be in the "In Review" state.
3. Which three steps can be performed by using the Configure Module Objects pages? (Choose three.)
A) Edit the assessment activity question and guidance text for all assessment types.
B) View assessment response details for all assessment types.
C) Choose display (or hide) configurable options for: results, events, consequences and treatments.
D) Set "object-perspective" association.
E) Create object data import templates.
4. 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) Click the Item Results link.
B) Open with an XML editor, such as Excel.
C) Navigate to Monitor Jobs and click the message link for the export job.
D) Click the Export File button.
E) Open with an HTML editor.
5. 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) 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".
B) You cannot define this model because imported objects from a file cannot be used with delivered objects.
C) 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".
D) 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%.
Solutions:
Question # 1 Answer: A,C,E | Question # 2 Answer: A | Question # 3 Answer: B,C,D | Question # 4 Answer: B,C,D | Question # 5 Answer: A |
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