Oracle Risk Management Cloud 2018 Sample Questions:

1. You have built a transaction model to identify possible duplicate charges between invoicing and expense credit cards. The model logic already includes two standard filters that identify amounts and suppliers that are the same or similar, as shown:

Which additional date filter will further refine the set of duplicate charges found?

A) The "Expense Report Credit Card Transaction" object's "Last Updated Date" attribute is greater than the "Relative Value" of 3 months.
B) The "Payables Invoice" object's "Invoice Date" attribute is similar to the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute within +/- 10 days.
C) The "Expense Report Credit Card Transaction" object's "Transaction Date" attribute is not blank.
D) The "Payables Invoice" object's "Invoice Date" attribute is greater than the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute.

2. You have scheduled quarterly assessments for a Control object at the beginning of the year with future dates.
However, the test plans associated with the Control object were updated before the assessment could be started. Which statement is true about this scenario?

A) The assessment will be associated with the version of the test plans from the time of assessment initiation.
B) The updated test plans will become available during the assessment.
C) The scheduled assessment process will end in error.
D) The user will have the option to select the older or newer versions of the test plans during the assessment process.

3. Which two activities can be performed using Financial Reporting Compliance? (Choose two.)

A) Review control assessment results, along with any effectiveness issues found.
B) Provide self-service access to reporting and analysis against financial transactions.
C) Continuously monitor financial transactions and role-based remediation of transaction incidents.
D) Gain real-time access to live financial data and proactively resolve issues.
E) Review and approve the accuracy and completeness of control descriptions.
F) Conduct intuitive audits of general ledger balances with journal details.

4. Which two steps are required to set up two levels of approval for new controls, which are added after the initial import? (Choose two.)

A) Identify users who will perform control review and approval.
B) On the Controls tab of the Import template, set the control state to NEW for each control record.
C) Identify the organizations or business units for which users will perform review or approval.
D) Identify the other roles to be provided for control managers.

5. Which three objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)

A) Processes
B) Assessments
C) Test Plans
D) Controls
E) Perspectives
F) Risks

Solutions: