Quiz ICO

The declaration of all inter-company dividends must have:

• The written approval of the Corporate Tax department
• The written approval of the Treasury department
• All of the above

To minimize currency exposure issues, dividends should be:

• Declared and paid in the same monthly accounting period
• Paid in the following month of declaration
• Declared in the same currency in both entities

Inter-company license fees must be remitted:

• Monthly
• Quarterly
• Annually

Who is responsible for License Fee calculation?

• The receiving company
• The paying company
• TAX department

The calculation of license fee is based on the IPA agreement. Within the standard IPA, license fee is payable:

• For the use of production tangibles in the production of manufactured products
• For the use of production intangibles in the production of manufactured products
• All of the above

For Intercompany payments, which of the following is the preferred method of payment?

• Wire transfer
• GloPay
• Down Payment

For Intercompany payment the GloPay template must be completed:

• By the "Global Template Due Date", no later than 15:00 CST
• By 13:00 CST on the "GloPay Revision Due Date"
• By the "Settlement Funds Value Date"

The GloPay Participation details are determined by the Regional Treasury Manager based on local regulatory restrictions and corporate currency risk management strategies. How often and by whom should the review be performed?

• The document is reviewed monthly by the Country Finance Manager
• The document is reviewed quarterly by the Regional Treasury Manager
• The document is reviewed annually by the Regional Treasury Manager

What is cash pool?

• Intercompany loan
• Part of The Statement of Cash Flow
• Cash management strategy to balance the accounts of a group’s subsidiaries

Cash pool is managed by?

• Treasury Center
• Entity’s controlling
• Local management team of entity which transfers money