CIPS L4M2 Q&A - in .pdf

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  • Exam Name: Defining Business Needs
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NEW QUESTION: 1
Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)
A. The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.
B. The ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.
C. The Reconciliation Period Summary Report shows the Intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
D. The Transaction Summary Report shows only transactions with a status of received.
E. You need to submit the Extract Intercompany Reconciliation Data job.
Answer: C,E
Explanation:
Explanation/Reference:
Explanation:
A: The Reconciliation Period Summary Report Lists the processing results of the Extract Intercompany Reconciliation Data program. Includes information about the intercompany receivables and intercompany payables accounts summarized by period. Intercompany Reconciliation process automatically runs this report.
D: The intercompany reconciliation process starts with running the Extract Intercompany Reconciliation Data process.
The intercompany reconciliation reports enable you to reconcile your intercompany receivables and intercompany payables accounts, and identify any missing transactions. These reports list the processing results of the Extract Intercompany Reconciliation Data process.
Incorrect Answers:
B: The reports do not include ledger balancing lines generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.
C: The reports do not include clearing company balancing lines.
E: The Intercompany Transaction Summary Report includes all intercompany transaction columns, and lists information about intercompany transaction lines, grouped by outbound and inbound transactions.
References: https://docs.oracle.com/cloud/latest/financialscs_gs/OCUAR/ OCUAR1559315.htm#OCUAR1573663

NEW QUESTION: 2
An IT manager is concerned about the cost of implementing a web filtering solution in an effort to mitigate the risks associated with malware and resulting data leakage. Given that the ARO is twice per year, the ALE resulting from a data leak is $25,000 and the ALE after implementing the web filter is $15,000. The web filtering solution will cost the organization $10,000 per year. Which of the following values is the single loss expectancy of a data leakage event after implementing the web filtering solution?
A. $15,000
B. $12,500
C. $0
D. $7,500
E. $10,000
Answer: D
Explanation:
Explanation
The annualized loss expectancy (ALE) is the product of the annual rate of occurrence (ARO) and the single loss expectancy (SLE). It is mathematically expressed as: ALE = ARO x SLE Single Loss Expectancy (SLE) is mathematically expressed as: Asset value (AV) x Exposure Factor (EF) SLE = AV x EF - Thus the Single Loss Expectancy (SLE) = ALE/ARO = $15,000 / 2 = $ 7,500 References:
http://www.financeformulas.net/Return_on_Investment.html
https://en.wikipedia.org/wiki/Risk_assessment

NEW QUESTION: 3
Which two settings are specified on mailbox records? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
A. The server profile to use for sending and monitoring emails.
B. The maximum file size limit for attachments.
C. The email tracking and correlation method for incoming and outgoing emails.
D. The synchronization method for incoming and outgoing emails.
Answer: C,D

NEW QUESTION: 4
A customer plans to implement SNMP management tools for their Hitachi NAS Platform from the customer's management LAN.
Which two are needed? (Choose two.)
A. an enabled HTTPS certificate
B. a configured community string
C. Admin-EVS accessible from the customer's management LAN
D. a configured SMTP server
Answer: B,C

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