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Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:

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 whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.
B) Understand the sample size for each audit test.
C) Identify the type of assessments included in each assessment cycle.
D) Determine the main objectives of deploying the control.
E) Determine if control assessments are planned ahead of time or are run impromptu.

2. Your client has three operating units.
What are two ways in which you can exclude an operating unit where there are not enough personnel to allow segregation of duties? (Choose two.)

A) In a model, create a new condition logic filter, select the operating unit attribute and select the operating unit value.
B) In a model, create a new condition logic filter, select the within sameoperating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.
C) In a model, create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.
D) Navigate to the Create Access Global Condition page and create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.
E) Navigate to the Create Access Global Condition page and createa new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.

3. What would happen to an access incident in Advanced Access Controls (AAC) that has been remediated and has a status of "Closed," but poses a conflict again during a subsequent evaluation of controls?

A) The incident status changes to "Assigned."
B) The incident is copied and a new incident is created based on the original incident.
C) The incident remains in "Closed" status and assigned users receive a notification that additional accessincidents have been identified.
D) The incident remains in "Closed" status and additional remedial action cannot be taken.
E) The incident is deferred.

4. You have twosegregation 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 requirementsbe met in Advanced Access Controls?

A) Construct one entitlement: "Create Supplier & Create Invoice & Create Payment"
B) Construct one model with three condition filters where the Function Name Equals "Create Supplier",
"Create Invoice" and "Create Payment"
C) Construct one model:"Create Supplier & Create Invoice & Create Payment"
D) Construct two models, and create controls based on the models: "Create Supplier & Create Invoice",
"Create Invoice & Create Payment"
E) Construct three controls, and create controls based on the models: "Create Supplier & Create Invoice",
"Create Invoice & Create Payment", "Create Supplier & Create Payment"

5. You areimplementing Advanced Access Controls and there is a requirement for a control to monitor user access to specific, client-defined access points which give users the ability to both initiate a purchase order and approve payments on that purchase order.
Which is a valid option to implement the control?

A) From the "Access Entitlements" page create two entitlements containing the respective client-defined access points. Create an access model from the "Models" tab of Advanced Controls, based on the entitlements you created. Finally, deploy an accesscontrol in the "Controls" tab of Advanced Controls, and select the access model you created.
B) From the "Access Entitlements" page create two entitlements containing the respective client-defined access points. Create an access model from the "Models" tab of Advanced Controls, based on the entitlements you created.
C) Select Actions > Create Access Control from the "Controls" tab of Advanced Controls.
D) Create an access model from the "Models" tab of Advanced Controls, and then define an access point filter for each individual client-defined access point.
E) Create an access entitlement from the "Access Entitlements" page, then select Actions > Create Access Control from the "Controls" tab of Advanced Controls, andselect the entitlement you created.

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