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Oracle Risk Management Cloud 2018 Sample Questions:
1. You have five business units in our company, BU1 through BU5. You want to build a transaction model 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 standard filter where the "Payment" object's "Organization ID" equals BU1, BU2, BU3, BU4.
B) Add a standard filter where the "Payment" object's "Organization ID" equals BU5, and advanced option
"Exclude" is checked.
C) Add a function filter grouping by "Organization ID" where the sum of "Payment Amount" is greater than 100,000.
D) Add a function filter grouping by "Supplier ID" where the sum of "Payment Amount" is greater than
100,000.
E) Add a standard filter where the "Payment" object's "Organization ID" is equal to itself.
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 comment filed has a notation for "Audit Test."
B) The Control status filed is set to "Audit Test."
C) The Assessment Flag and the Audit Testing Flag are both set to "Y."
D) The Control has a related process.
3. 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, risks must be assigned to the same perspective that is assigned to the control you want to map it to.
B) You can use the Data Migration tool to add control records for the existing risks.
C) You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
D) To relate controls to risks, the risks must be in "approved" state.
E) You cannot use the Data Migration tool to add control records to map to existing risks.
4. You are configuring security and you do not want the risks to go through the review and approve process each time they are updated. How will you meet this requirement?
A) Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.
B) Ensure that no user has been assigned a job role that includes the Risk Reviewer Composite or Risk Approver Composite Duty Role.
C) Add the Risk Reviewer Composite duty role to the person who creates the risks so he or she would be able to review them before saving the record.
D) Ensure that only the upper management is given the Risk Reviewer Composite duty role so they could review the risks that they want to review.
5. After adding a new control in Financial Reporting Compliance, the control owner clicks Submit. Users with the Control Reviewer and Control Approver roles exist.
What is the expected outcome?
A) The control goes into the "Waiting for Approval" state.
B) The control goes into the "New" state.
C) The control goes into the "In Review" state.
D) The control goes into the "Approved" state.
Solutions:
| Question # 1 Answer: A,C | Question # 2 Answer: D | Question # 3 Answer: A,B | Question # 4 Answer: A | Question # 5 Answer: C |
By Hedy
