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Oracle Risk Management Cloud 2023 Implementation Professional Sample Questions:
1. Your customer needs to conduct monthly Operational Effectiveness assessments for controls across two organizations (North America and EMEA). Your customer requires that assessment results for North America be accessible only to users in North America and likewise for EMEA. Additionally, the Chief Risk Officer reviews the assessment results by Business Process every week.
How should you design perspectives to achieve this?
A) Use the Business Process hierarchy for security and the Region hierarchy for reporting of controls.
B) Use both Region and Business Process hierarchies solely for reporting purposes.
C) Use the Region hierarchy initially, and later use both Region and Business Process hierarchies for security.
D) Use the Region hierarchy for security and the Business Process hierarchy for reporting of controls.
2. 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 two planned assessments, one for each control.
B) Initiate a planned assessment that includes all controls assigned to perspective P2P.
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) Perform impromptu assessments for the two controls.
3. Select three fields that are required to create an impromptu assessment. (Choose three.)
A) Name
B) Perspectives
C) Reviewer
D) Due Date
E) Activity
F) Template
4. 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) You cannot define this model because imported objects from a file cannot be used with delivered objects.
B) 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".
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) 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".
5. Which three statements are true about the purpose of perspectives? (Choose three.)
A) Perspectives can be used for categorizing Financial Reporting Compliance objects.
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 to define user privileges.
E) Perspectives can be used to represent regional hierarchies.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A,D,E | Question # 3 Answer: A,C,D | Question # 4 Answer: C | Question # 5 Answer: A,B,E |
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