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1. You are implementing Advanced Financial Controls and you want to identify suspect transactions where the payment amount is less than $20 USD. However, you only want the results returned to be temporary.
What will you build in order to accomplish your objective?
A) Business object
B) Filter
C) Model
D) Control
E) Template
2. Which two activities can be performed using Financial Reporting Compliance? (Choose two.)
A) Gain real-time access to live financial data and proactively resolve issues.
B) Review and approve the accuracy and completeness of control descriptions.
C) Conduct intuitive audits of general ledger balances with journal details.
D) Provide self-service access to reporting and analysis against financial transactions.
E) Review control assessment results, along with any effectiveness issues found.
F) Continuously monitor financial transactions and role-based remediation of transaction incidents.
3. After generating an XML file export of Advanced Controls perspectives, you receive a message that the export job has been generated.
What are the three steps you need to perform in order to download and review the formatted export file?
(Choose three.)
A) Click the Item Results link.
B) Open with an XML editor, such as Excel.
C) Navigate to Monitor Jobs and click the message link for the export job.
D) Click the Export File button.
E) Open with an HTML editor.
4. 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 updated test plans will become available during the assessment.
B) The user will have the option to select the older or newer versions of the test plans during the assessment process.
C) The assessment will be associated with the version of the test plans from the time of assessment initiation.
D) The scheduled assessment process will end in error.
5. 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 "Payables Invoice" object's "Invoice Date" attribute is similar to the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute within +/- 10 days.
B) The "Expense Report Credit Card Transaction" object's "Last Updated Date" attribute is greater than the "Relative Value" of 3 months.
C) The "Payables Invoice" object's "Invoice Date" attribute is greater than the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute.
D) The "Expense Report Credit Card Transaction" object's "Transaction Date" attribute is not blank.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B,F | Question # 3 Answer: C,D,E | Question # 4 Answer: C | Question # 5 Answer: A |
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