Oracle Risk Management Cloud 2018 Sample Questions:

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

2. You are implementing Advanced Access Controls for a client who wants to limit the seeded job role
"Application Access Auditor". This job role should NOT include system configuration duties, but allows the user to monitor jobs schedules for Advanced Controls.
After the seeded job role is copied, that two duty roles should be removed to comply with the access restrictions? (Choose two.)

A) Access Control Manager
B) Access Model Manager
C) Access incident Results Manager
D) Advanced Control System Administrator
E) Application Data Source Manager

3. 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) 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".
B) 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".
C) 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%.
D) You cannot define this model because imported objects from a file cannot be used with delivered objects.

4. Which three statements are true about the purpose of perspectives? (Choose three.)

A) Perspectives can be used to define user privileges.
B) Perspectives are used to enable data security on Financial Reporting Compliance objects.
C) Perspectives enable functional security in Financial Reporting Compliance.
D) Perspectives can be used for categorizing Financial Reporting Compliance objects.
E) Perspectives can be used to represent regional hierarchies.

5. You have imported risks in Financial Reporting Compliance using data migration. Your client is asking if you can add controls for these risks.
Which two statements are true? (Choose two.)

A) To relate controls to risks, the risks must be in "approved" state.
B) You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
C) To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.
D) You can use the Data Migration tool to add control records for the existing risks.
E) You cannot use the Data Migration tool to add control records to map to existing risks.

Solutions: