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Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:
1. Select three fields that are required to createan impromptu assessment. (Choose three.)
A) Name
B) Template
C) Perspectives
D) Reviewer
E) Activity
F) Due Date
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 Control status filed is set to "Audit Test."
B) The Control has a related process.
C) The Control comment filed has a notation for "Audit Test."
D) The Assessment Flag and the Audit Testing Flag are both set to "Y."
3. You have five business units in our company, BU1 through BU5. You want to build a transactionmodel 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 function filter grouping by "Supplier ID" where the sum of "Payment Amount" is greater than
100,000.
B) Add a standard filter where the "Payment" object's "Organization ID" is equal to itself.
C) Add a standard filter where the "Payment" object's "Organization ID" equals BU1, BU2, BU3, BU4.
D) Add a standard filter where the "Payment" object's "Organization ID" equals BU5, and advanced option
"Exclude" is checked.
E) Add a function filter grouping by "Organization ID" where the sum of "Payment Amount" is greater than 100,000.
4. Which statement related to Advanced Access Controls is true?
A) If helps enforce segregation of duties.
B) It analyzes transaction records.
C) Itdocuments risks and controls.
D) If helps perform risk analysis and evaluation.
5. Which two activities can be performed using Financial Reporting Compliance? (Choose two.)
A) Gain real-time access to live financial data and proactively resolve issues.
B) Conduct intuitive audits of general ledger balances with journal details.
C) Continuously monitor financial transactions and role-based remediation of transaction incidents.
D) Provide self-service access to reporting and analysis against financial transactions.
E) Review control assessment results, along with any effectiveness issues found.
F) Review andapprove the accuracy and completeness of control descriptions.
Solutions:
| Question # 1 Answer: A,B,F | Question # 2 Answer: B | Question # 3 Answer: C,E | Question # 4 Answer: A | Question # 5 Answer: C,F |
By Dana
