WorksheetsQuiz Question for G-FAST
Total questions: 15
Worksheet time: 9mins
What does G-FAST represent?
A: Government Finance Accounting SysTem
B: Grassroots Fast Accounting SysTem
C: G-FAST System notificC: Grassroots Financial Accounting SysTemation via Dashboard, Pending Tasks
What is the tagline for G-FAST?
A: Your Simple & Easy Way to Good Governance
B: Swift, Safe, Simple to Use
C: Approval on-the-go
Do you know what are G-FAST key Takeaway(s) for the various parties?
A: Payment approval is done within G-FAST. There is no need to log into bank portal to authorise payment again.
B: With E-Payment, no more cheque signing, misplacement of cheques or reissuing to replace expired cheques.
C: Payment approval is now simpler, smoother and faster
D: Vendors can now collect their cheque issued by the committee at the CC premises.
Which of the followings are system controls in G-FAST?
A: System prompted approving authorities
B: Detection of potential duplicate invoices
C: Detection of phishing emails
D: Reminders for No Conflict of Interest, Segregation of Duties and No Self-Approved Claims
Select the True statement(s).
A: With G-FAST, manual PV will still need to be prepared and key into the system.
B: E-Payment Voucher (PV) will replace Manual PV in G-FAST, doing away with duplication in preparing manual PV & keying into System.
C: OnePA receipts will be interfaced over to G-FAST, without the need to manually entering into G-FAST.
D: OnePA receipts transactions will need to be manually entered into G-FAST.
Select the FALSE statement(s).
A: For more timely payment via electronic mode, Vendors should be encouraged to register at G-FAST
B: For more timely payment via electronic mode, Vendors should be encouraged to register at Vendors@Gov
C: Creation of Vendors Request should be raised as early as possible or upon awarding of contract and not to wait till receipt of invoice or making payment
D: Creation of Vendors Request should be raised after receipt of invoice or making payment.
Which is the correct order for the New Improved Payment Process?
A: 1. Bank pays Vendor, 2. Approve Payment, 3. Create Payment & Route for Approval, 4. Verify Vendor invoice
B: 1. Verify Vendor invoice, 2. Bank pays Vendor, 3. Create Payment & Route for Approval, 4. Approve Payment
C: 1. Verify Vendor invoice, 2. Create Payment & Route for Approval, 3. Approve Payment, 4. Bank pays Vendor
As an approver, what kind of notification will you receive when your approval is required for a payment?
A: Email
B: SMS
C: G-FAST System notification via Dashboard, Pending Tasks
D: All the above
Attachment of Minutes of Meeting will be required when the payment amount is within which range?
A: No attachment required
B: > $1,000 ≤ $6,000
C: > $6,000 ≤ $30,000
D: > $30,000 ≤ $90,000
If payment was via cheque, does the approver(s) still need to approve in G-FAST?
A: Yes, approval in G-FAST will still be required. But signing of Manual Payment Voucher will not be required.
B: No, not required. Sign on cheque will suffice.
For placement of Fixed Deposits, what mode of transaction should I be using?
A: Create Receipt
B: Create Payment
C: Transfer
D: Journal
Am I able to submit the accounts without submitting the bank reconciliation report?
A: Yes, G-FAST does not have any checks to track the status of the Bank Reconciliation Report.
B: No, G-FAST has an inbuilt control check to ensure submission of account is possible after successful submission of the Bank Reconciliation Report.
When viewing financial data for previous Financial Year (eg: FY19), i do not need to log out of the system to select the FY I wish to view. True or False?
True: User do not need to log out to select the FY he/she wants to view. G-FAST is able to extract different FY of data without the need to toggle in and out of the system.
False: You will need to log out of the system to change the the previous FY before being able to view the past data.
Select the True statement
A: G-FAST will prompt the list of approver(s) according to the Approving Authority Schedule for preparer to select based on the payment amount. This will help prevent wrong approving authority.
B: User will need to refer to the hardcopy approving authority schedule and select the right office bearer(s) for signing of the hardcopy payment voucher.
If the approver is unable to go down to the RC centre, will he/she still able to approve payment?
A: No, he/she will need to be phyiscally present to check through the documents and to sign the Payment Voucher and Cheque.
B: Yes, he/she can approve the payment on-the-go using G-FAST by checking through the details of the payment, including the uploaded supporting documents.
