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Oracle Risk Management Cloud 2018 Sample Questions:
1. You have completed the data import process with no errors. You created process, risks, controls, and one perspective. Controls were related to perspectives. You have provided the customer with the Control Manager security role. When the customer logs in to Financials Risk Compliance (FRC), the customer cannot see any controls.
Which step was missed during the import process?
A) The Controls were not related to any risk objects.
B) The Control Method was not set to a valid value.
C) The parent process was never approved.
D) Data security policies for Controls were not created.
2. You are validating your customer's import template before import. The customer requires that all controls be set up so they are noted to be used for the Audit Test assessment type. How do you verify that this has been done?
A) The Assessment Flag and the Audit Testing Flag are both set to "Y."
B) The Control status filed is set to "Audit Test."
C) The Control comment filed has a notation for "Audit Test."
D) The Control has a related process.
3. You need to schedule the report "Access Violations by User." Which two steps do you take to create the saved parameters for the report schedule? (Choose two.)
A) Navigate to Administration Reports.
B) Click Save Report Parameters to create saved settings.
C) Highlight the report name and click Run Now.
D) Navigate to Scheduling under Setup and Administration.
E) Select Display Scheduled Reports.
4. You have two segregation of duties requirements:
1) a user can access either the supplier creation pages or the invoice pages, but not both.
2) a user can access either the invoice creation pages or the payment creation pages, but not both.
How must these requirements be met in Advanced Access Controls?
A) Construct two models, and create controls based on the models: "Create Supplier & Create Invoice",
"Create Invoice & Create Payment"
B) Construct one model: "Create Supplier & Create Invoice & Create Payment"
C) Construct one model with three condition filters where the Function Name Equals "Create Supplier",
"Create Invoice" and "Create Payment"
D) Construct three controls, and create controls based on the models: "Create Supplier & Create Invoice",
"Create Invoice & Create Payment", "Create Supplier & Create Payment"
E) Construct one entitlement: "Create Supplier & Create Invoice & Create Payment"
5. When running Synchronize Transaction from the Data Sources page of Application Configurations, which statement is true when you have two models using invoice and payment business objects?
A) One job will run for the two objects and the Transaction Created As of Date has no impact on the data.
B) One job will run for the two objects based on transactions dated before the Transaction Created As of Date.
C) Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.
D) One job will run for the two objects based on transactions dated after the Transaction Created As of Date.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: B,C | Question # 4 Answer: B | Question # 5 Answer: D |
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