1Z0-958 Online Practice Questions and Answers

Which three are true about implementing a best practice solution for Financial Reporting Compliance? (Choose three.)

A. Large scope of project requires high effort for maintenance and administration.

B. It promotes rapid implementation and go-live.

C. It promotes go-live with minimal acceptance testing and user training.

D. It provides maximum return on investment with minimum project risk.

E. It promotes successful adoption and minimizes on-going cost of operation.

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 based on transactions dated before the Transaction Created As of Date.

B. One job will run for the two objects and the Transaction Created As of Date has no impact on the data.

C. One job will run for the two objects based on transactions dated after the Transaction Created As of Date.

D. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.

The internal auditor advised the Control Owner of North America to perform assessment for two P2P

controls.

Which three steps can the Control Owner perform to kick-off assessments for only those two controls?

(Choose three.)

A. Initiate a planned assessment that includes all controls assigned to perspective P2P.

B. Perform impromptu assessments for the two controls.

C. Enable impromptu assessments during configuration of module objects.

D. Initiate a planned assessment and include the two controls as part of the same assessment.

E. Initiate two planned assessments, one for each control.

You are designing data for data import. The customer decided that they want to secure controls based on

their company organization.

Which three worksheets of the import template are required to accomplish this requirement? (Choose

three.)

A. Perspective Items

B. Controls

C. Control Test Plans

D. Perspective-Control

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, select the operating unit value, and then perform an exclusion though the advanced options check box.

B. 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.

C. Navigate to the Create Access Global Condition page and create a 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.

D. In a model, create a 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.

E. In a model, create a new condition logic filter, select the operating unit attribute and select the operating unit value.

Which statement related to Advanced Access Controls is true?

A. If helps enforce segregation of duties.

B. If helps perform risk analysis and evaluation.

C. It analyzes transaction records.

D. It documents risks and controls.

At the last step of initiating assessments, the assessment manager sees who the assessment participants are (to complete, review, and approve the assessments). If the assessment manager wants to change the participant, who completes the assessment, what should he or she do?

A. Modify the perspective hierarchy in the last step of initiating assessments.

B. Modify the participant list in the last step of initiating assessments.

C. Request the administrator to change the Perspective in Data Security Policy for the Control Manager's job role.

D. It is not possible to change the participants after Data Security Policies are assigned.

E. Request the administrator to assign Data Security Policies with correct perspectives to the Assessor's job role.

Your client is configuring their Test pod (which has no data) and has created their initial import template

with controls, test plans, perspectives, and perspective-control mappings. They have used custom list of

values for Control Frequency.

Which three tasks must be completed before performing the data import? (Choose three.)

A. Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.

B. Validate that the control-perspective relationship has been created in Manage Module Perspectives.

C. Validate that new lookup values are created for any custom list of values.

D. Validate that there are no duplicate worksheet IDs within the same worksheet.

E. Validate that the System ID column is populated correctly.

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

A. Perspectives can be used to define user privileges.

B. Perspectives can be used for categorizing Financial Reporting Compliance objects.

C. Perspectives can be used to represent regional hierarchies.

D. Perspectives are used to enable data security on Financial Reporting Compliance objects.

E. Perspectives enable functional security in Financial Reporting Compliance.

Your client needs to perform Design Review and Certification assessment for all their controls. Identify two options that show how this requirement can be met. (Choose two.)

A. B. C. D. E.