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Finance Sharing

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

Below are the correct PIC for accrual, EXCEPT FOR?

a)

Shakirah & Asilah (GT OPEX)

b)

Nadhiroh & Ibrahim Afif (GTR CAPEX)

c)

M Azarul & Syahirah Ayob (GT CAPEX)

d)

Norazatul Aida & Noraini Zaki (RGTSU OPEX)

2.

What is the frequency for accrual?

a)

Weekly

b)

Monthly

c)

Quarterly

d)

Yearly

3.

Below are the items need to be accrued, EXCEPT FOR?

a)

Goods already received

b)

Services has been rendered

c)

project cost based on % of completion

d)

unutilized budget

4.

Can I accrue asset?

a)

Yes

b)

No

c)

Accrue partially

d)

Depends on type of asset

5.

Below are the situations whereby I need to advise finance for accrual, EXCEPT FOR?

a)

Goods received, but pending GRN in system

b)

Completed services, but pending SES in system

c)

Completed services and SES, but pending payment

d)

Completed services but pending PD approval

6.

Below are the documents required for accrual, EXCEPT FOR?

a)

Accrual Template

b)

Project Milestone/progress report

c)

Asset form

d)

Supplier invoice

7.

Which form is required to change cost center for fixed asset?

a)

Project Capitalisation Form

b)

PPE Creation form Form

c)

PPE Maintenance Form

d)

PPE Disposal Form

8.

Projects should be capitalized upon?

a)

when all payments have been settled

b)

availability of IA/SAT/project completion report

c)

availability of punchlist

d)

when all invoices have been received

9.

Below are the examples of consumable assets, EXCEPT FOR?

a)

Digital Camera (RM 11,000)

b)

DSLR Camera (RM 9,000)

c)

Projector (RM 6,000)

d)

LCD Television (RM 8,000)

10.

Project progress = 80%

Acceptance/SES = 60%

Hence, project accrual = ?

a)

10%

b)

20%

c)

40%

d)

80%