wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Finance 2.0 Integration Awareness

Total questions: 25

Worksheet time: 9mins

Name
Class
Date
1.

1) What does FCF stands for?

a)

Finance Control Framework

b)

Financial Control Framework

c)

Financial Controlled Framework

d)

Finance Controlling Framework

2.

1) What does Petronas CFP stands for?

a)

Corporate Finance Policy

b)

Corporate Financial Policy

c)

Cumulative Financing Policy

d)

Cumulative Finance Policy

3.

How frequent does MISC report is consolidated results to Bursa Malaysia in a year?

a)

12 times

b)

2 times

c)

4 times

d)

1 time

4.

For 3-way-matching process, what are the three documents involved in the process?

a)

Invoice, Purchase Order (PO) & Remittance Advice

b)

Quotation, Goods Receipt Note (GRN)/Delivery Order (DO) & Remittance Advice

c)

Purchase Order (PO), Invoice & Goods Receipt Note (GRN)/Delivery Order (DO)

d)

Quotation, Purchase Order (PO) & Invoice

5.

What is the importance of maintaining a good credit rating?

a)

To meet the minimum requirements set by Bank Negara Malaysia

b)

To maintain good financing rates

c)

To ensure a smooth audit process

d)

To meet the minimum requirements set by Securities Commission Malaysia

6.

Currently, what services are subject to withholding tax?

a)

Services performed in Malaysia by non-residents

b)

Services performed in Malaysia and Singapore by non-residents

c)

Services performed outside Malaysia by residents

d)

Services performed in Malaysia and outside Malaysia by non-residents

7.

How frequent is the FCF Report submission to Petronas in a year?

a)

1 time

b)

2 times

c)

4 times

d)

12 times

8.

How frequent is the MISC Group Cashflow forecast submission to Petronas?

a)

Once a week & once a month

b)

Every fortnightly

c)

Once a month

d)

Once in two months

9.

When was Sales and Service Tax 2018 introduced?

a)

1 April 2015

b)

31 Aug 2018

c)

1 Sept 2018

d)

31 Dec 2018

10.

On what date is MISC Group’s consolidated results reported to Petronas every month?

a)

8th

b)

10th

c)

9th

d)

7th

11.

Under the tendering process, who is the Approving Authority (AA) for Proposal Form

a)

AA as per Limit of Authority (LOA)

b)

Head of Division

c)

Head of Department

d)

Head of Corporate Procurement & Supply Management (CPSM)

12.

Which of the following is not part of the budget process?

a)

Approval by the Board Audit and Risk Committee

b)

Setting of the KPBI

c)

Ensuring prospective are within the available Debt Headroom

d)

Assessment of Project Economics

13.

How many OPUs are currently processed by the FSSC Payment Team?

a)

1 - 5 OPUs

b)

6 - 10 OPUs

c)

11 - 15 OPUs

d)

16 - 20 OPUs

14.

Which unit can you refer to for SAP Vendor Creation and Bidder’s list?

a)

Sourcing & Category Management

b)

Supplier Relationship Management

c)

Vendor Development Management

d)

Tender & Contract Management

15.

Under FSSC, what is/are the official mode/modes of receiving invoices from vendor?

a)

Courier original invoice

b)

Online invoice Submission

c)

E-mail invoice Submission

d)

BU/SU invoice Submission

16.

If there is a decision to issue credit note amounting RM 50,000.00, which guideline should we refer to in determining the Approving Authority for the said area of decision making?

a)

Standard of Procedure

b)

Limit of Authority

c)

Financial Control Framework

d)

MISC Procurement Manual

17.

What is FQC and what is the threshold limit?

a)

Formal Quotation Committee, USD 100K up to USD 150K

b)

Formal Quotation Committee, below USD 150K

c)

Formal Quotation Committee, USD 100K up to USD 150K excluding bunker procurement

d)

Formal Quotation Committee, below USD 150K excluding bunker procurement

18.

What is the normal payment days for MISC Berhad?

a)

Monday & Wednesday

b)

Monday & Thursday

c)

Tuesday & Thursday

d)

Tuesday & Friday

19.

What is the tax rate for Labuan company that is taxed under Labuan Business Activity Act 1990?

a)

3% on gross profit

b)

3% on net profit

c)

5% on net profit

d)

5% on gross profit

20.

How do you apply for cash advance?

a)

Cash Advance Application Form

b)

Cash Advance Application e-mail

c)

ESS e-Cash Advance Application

d)

ESS e-Claim Application

21.

Payment by RENTAS is applicable to which currency/currencies?

a)

MYR currency

b)

USD currency

c)

MYR & USD currencies

d)

All currencies

22.

The bank key creation function resides under which department?

a)

FSSC

b)

Governance

c)

Statutory Accounting

d)

Management Accounting

23.

FSSC AP Workflow Application is a system for ____?

a)

Scanning of invoices received

b)

Managing invoice processes

c)

Applying cash advance & Travel Request

d)

Submitting staff claim for approval

24.

What is the MPM and where does it reside for reference?

a)

MISC Procurement Manual, Finance KMC

b)

MISC Procurement Manual, MISC Portal

c)

MISC Purchasing Manual, MISC Portal

d)

MISC Purchasing Manual, Finance KMC

25.

What are the key matters of discussion with Management in regards to financial performance?

a)

Department KPI

b)

Net Profit After Tax, Revenue and Cash Flow

c)

Loss Time Injury

d)

MISC’s Credit Rating