WorksheetsDiscover Vertiv Day 1
Total questions: 14
Worksheet time: 5mins
The FP&A team is responsible for:
Planning and budgeting, reporting and analysis, financial modeling, evaluating the progress of the company’s strategic plans and investments, financial decisional support
Planning and budgeting, reporting and analysis, invoice booking, evaluating the progress of the company’s strategic plans and investments, financial decisional support
Planning and budgeting, reporting and analysis, financial modeling, evaluating the progress of the company’s strategic plans and investments, submit statutory statements
Which line of defense is internal audit in the IIA’s three lines model?
Line zero
First line
Second line
Third line
R2R department is responsible for:
Preparation of Financial Statements
Calculation and posting the accruals in Oracle
Booking the payroll in Oracle
All the points mentioned above
The towers within FP&A are:
Sales, Services, Engineering, Operation, Cashflow and SGA, FP&A Consolidation
Sales, Services, Products, Operation, Credit & Collection, FP&A Consolidation
Sales, Services, Products, Operation, Cashflow and SGA, FP&A Consolidation
What is the AP department role?
AP department is handling the processing and payment of the payables invoices in a timely and accurate manner
AP department is recovering debts owned to a company
AP department represents money due for services performed or merchandise sold
Which is the tool used for Travel & Expenses report’s submission and review?
DataServ
High Radius
Chrome River
What is the main role of a collection specialist?
Paying the supplier invoices
Contacting the customer to pay the invoices
Taking part at the customer agreements
Stakeholders that R2R department interacts with are:
Financial controllers
External and internal auditors
Local authorities
All the above
What is internal audit’s key differentiator compared to the other lines of defense?
Experience and expertise
Direct involvement in all business matters
Independence and objectivity
Creativity and continuous learning
How can business minimize the risk of delinquent accounts?
Collaborating closely with Finance Team
Working only with old customers
Asking of advance payments for all the orders
Is Disputes management part of Credit & Collections tasks?
Yes, Credit & Collection is part of Disputes Management
Credit Team is not responsible for Disputes Management
What is not part of GRO’s scope of activity from the below?
Protect and enhance Vertiv value
Deliver risk management services
Implement SOX key controls
Promote ethical conduct
Which are the main internal stakeholders for AP?
Business approvers, R2R, Treasury, Cash App, OM
The vendors, R2R, Treasury
The customers, HR, Cash App
Should a collector be in direct contact with Vertiv customers?
Collectors are in direct contact with suppliers
Collectors are in direct contact with operations
Collectors are in direct contact with customers
