WorksheetsFinance Workshop Quizzes
Total questions: 10
Worksheet time: 6mins
Below are the key roles of budget focal, EXCEPT?
Justify, perform & submit variance analysis for actual against budget.
Submit accrual for OPEX & CAPEX
Advise any upcoming activities for Year End Projection
Report to monthly Business LT
Capex nature: The cost incurred and capitalized as Property, Plant & Equipment and used on continuous basis and beyond financial year to facilitate, maintain or increase Company’s earning.
TRUE
FALSE
Which below is CAPEX criteria?
Asset purchased & owned by Company
Used to generate future economic benefit to the com
Cost can be measured & meet the threshold set for the capitalisation of assets as adopted by Petronas Group.
When should you submit accrual?
Service rendered
Goods Received
SC/GRN has not been approved in system
Invoice received
Below are the situations for when you can create WBS, EXCEPT?
Operational CAPEX
Capital CAPEX
Purchase of chemical & consumable items
Dedicated project or maintenance program
PePSB Asset that was maintained by PRPC UF team shall be raised via PePSB cost center or WBS.
TRUE
FALSE
"Insufficient budget to meet business needs"
"When all avenues for fund have been explored & exhausted"
Above principle relates to?
Budget Transfer
Supplementary Budget
Below are the principles of how to fund unbudgeted activities, EXCEPT?
Endorsed at the right platform e.g., PLT, PSC, PPRC UF LT etc
Utilize budget from other OPU
Utilize existing budget by transfer, reassess the overall annual budget availability.
Seek Approval for budget transfer or budget supplementary
What is the impact of raising CAPEX purchase using cost center instead of WBS?
Higher OPEX
Lower OPEX
What is the deadline to submit OPEX variance analysis?
M+5
M+8
M+7
M+6
