Discover Vertiv Day 1

The FP&A team is responsible for:

• Planning and budgeting, reporting and analysis, financial modeling, evaluating the progress of the company’s strategic plans and investments, financial decisional support

• Planning and budgeting, reporting and analysis, invoice booking, evaluating the progress of the company’s strategic plans and investments, financial decisional support

• Planning and budgeting, reporting and analysis, financial modeling, evaluating the progress of the company’s strategic plans and investments, submit statutory statements

Which line of defense is internal audit in the IIA’s three lines model?

• Line zero

• First line

• Second line

• Third line

R2R department is responsible for:

• Preparation of Financial Statements

• Calculation and posting the accruals in Oracle

• Booking the payroll in Oracle

• All the points mentioned above

The towers within FP&A are:

• Sales, Services, Engineering, Operation, Cashflow and SGA, FP&A Consolidation

• Sales, Services, Products, Operation, Credit & Collection, FP&A Consolidation

• Sales, Services, Products, Operation, Cashflow and SGA, FP&A Consolidation

What is the AP department role?

• AP department is handling the processing and payment of the payables invoices in a timely and accurate manner

• AP department is recovering debts owned to a company

• AP department represents money due for services performed or merchandise sold

Which is the tool used for Travel & Expenses report’s submission and review?

• DataServ

• High Radius

• Chrome River

What is the main role of a collection specialist?

• Paying the supplier invoices

• Contacting the customer to pay the invoices

• Taking part at the customer agreements

Stakeholders that R2R department interacts with are:

• Financial controllers

• External and internal auditors

• Local authorities

• All the above

What is internal audit’s key differentiator compared to the other lines of defense?

• Experience and expertise

• Direct involvement in all business matters

• Independence and objectivity

• Creativity and continuous learning

How can business minimize the risk of delinquent accounts?

• Collaborating closely with Finance Team

• Working only with old customers

• Asking of advance payments for all the orders