SOP - Payment Procedure

FPX stands for?

• Financial Process Exchange
• Future Payment Exchange

• Financial Partial Express

• Fast Parcel Express

All bills/invoices received shall be stamped date of receipt by whichever department in SP Setia first receives the said bill/invoice

• True

• False

For invoice/debit note received by Finance Department dated more than a year, a memo shall be prepared and approved by GM/GD

• True

• False

Payment that above RM500k need to reviewed by GFC, except:
i) Inter-bank (within the same company)
ii) Statutory regulatory payment

iii) Loan and interest repayment
iv) Staff salary

• i & iv only

• i, ii & iii only

• i, ii & iv only

• All above

Answer explanation

For utility payment such as TNB, Air Selangor, IWK and etc, what is the approval limit that the Head of Department can approve?

• Below RM1,000 only

• Above RM1,000

• Any amount

Answer explanation