WorksheetsJE Policy Refresher
Total questions: 8
Worksheet time: 6mins
If there are required adjustment aged 4 months old for DME account, the option would be to write off or the Legal Entity Owner must approve
it to be carried forward each month.
True
False
For all GL accounts with balances less than 1,000 USD only a description of the nature of the balance is required. NO other supporting documents needed. True or False?
True
False
What is the threshold for the Unidentified Difference that preparer can still certify the account without entering additional support?
100 USD
1000 USD
50 USD
None of the above
Permanent reassignments due to a change in roles in which the new preparer or approver is simply taking a role. Approvals are required. True or False.
Ture
False
A prior year accrual amounting to USD 100,000 needs to be written off in the books due to non materialization of the expense. Select the approval that is NOT needed for the entry.
Line Manager
Country Controller
Asst. Corporate Controller
Finance Director
Which of the following is a routine entry?
Reversal of non routine provisions
Release of PY accruals into the CY P&L
Reversal of prior month’s accruals
Initial entries for non-routine transactions
Statement 1: Correcting entry from prior year related to a routine entry is a NON-ROUTINE ENTRY.
Statement 2: Correcting entry from prior month related to a routine entry is a ROUTINE ENTRY.
Which of the following is correct?
Statement 1 is true Statement 2 is false
Statement 1 is false
Statement 2 is true
Both are true
Both are false
Have oversight responsibility to ensure that balance sheet accounts in their legal entity are properly stated and substantiated by quality account reconciliations.
Preparer
Approver
Account Reviewer
System Administrator
