Florida PALM - Terminology Changes Multiple Choice

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Florida PALM - Terminology Changes Multiple Choice

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KIM.JACOBS@MYFLORIDACFO.COM

Estados Unidos

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Florida PALM - Terminology Changes Multiple ChoiceVersión en línea Florida PALM - Terminology Changes Multiple Choice por KIM.JACOBS@MYFLORIDACFO.COM 1 The __________ ChartField classifies the nature of a transaction by identifying the type of asset, liability, fund balance, receipt, expense, or transfer involved in a transaction. a Account b Fund c Contracts d General Ledger 2 The __________ is a ChartField that segregates and captures specific activities or classifies certain objectives in accordance with special regulations, restrictions, or limitations. a Fund b Account c General Ledger d Contracts 3 Used on transactions only to store appropriations, releases, and reserves budget. Choose one or more answers a Budgetary Funds b Transactional Funds 4 Used to record financial accounting entries or budget entries for allotments. a Budgetary Funds b Transactional Funds 5 The Florida PALM field that stores Chart of Accounts information and provides the basic structure to segregate and categorize transactional and budget data. a ChartField Value b ChartField String c Account d Fund 6 A ChartField String is defined as a combination of ChartField values used to process entries within Florida PALM: a True b False 7 The __________ defines a unit in an organization that is an independent entity for accounting purposes and maintains its own set of accounting books. (Choose 2) Choose one or more answers a GL Business Unit b Account c Fund d Module Business Unit 8 Florida PALM will not duplicate payments: a True b False 9 In Florida PALM, all individuals or entities receiving payment are referred to as: a Suppliers b Vendors 10 The __________ module includes functions that support the management of payroll lifecycle activities. This includes maintaining employee records, calculating and processing payroll, payroll deductions and remittances, tax reporting, and other related activities. a Payroll b Human Capital Management 11 __________ is the unique number assigned to an employee's paycheck (warrant or pay advice) after payroll has been confirmed. a Paycheck Number b Warrant Number

Florida PALM - Terminology Changes Multiple ChoiceVersión en línea

Florida PALM - Terminology Changes Multiple Choice

por KIM.JACOBS@MYFLORIDACFO.COM

The __________ ChartField classifies the nature of a transaction by identifying the type of asset, liability, fund balance, receipt, expense, or transfer involved in a transaction.

Account

Fund

Contracts

General Ledger

The __________ is a ChartField that segregates and captures specific activities or classifies certain objectives in accordance with special regulations, restrictions, or limitations.

Fund

Account

General Ledger

Contracts

Used on transactions only to store appropriations, releases, and reserves budget.

Choose one or more answers

Budgetary Funds

Transactional Funds

Used to record financial accounting entries or budget entries for allotments.

Budgetary Funds

Transactional Funds

The Florida PALM field that stores Chart of Accounts information and provides the basic structure to segregate and categorize transactional and budget data.

ChartField Value

ChartField String

Account

Fund

A ChartField String is defined as a combination of ChartField values used to process entries within Florida PALM:

True

False

The __________ defines a unit in an organization that is an independent entity for accounting purposes and maintains its own set of accounting books. (Choose 2)

Choose one or more answers

GL Business Unit

Account

Fund

Module Business Unit

Florida PALM will not duplicate payments:

True

False

In Florida PALM, all individuals or entities receiving payment are referred to as:

Suppliers

Vendors

The __________ module includes functions that support the management of payroll lifecycle activities. This includes maintaining employee records, calculating and processing payroll, payroll deductions and remittances, tax reporting, and other related activities.

Payroll

Human Capital Management

__________ is the unique number assigned to an employee's paycheck (warrant or pay advice) after payroll has been confirmed.

Paycheck Number

Warrant Number

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Florida PALM - Terminology Changes Multiple Choice

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Florida PALM - Terminology Changes Multiple ChoiceVersión en línea

por KIM.JACOBS@MYFLORIDACFO.COM

The __________ ChartField classifies the nature of a transaction by identifying the type of asset, liability, fund balance, receipt, expense, or transfer involved in a transaction.

The __________ is a ChartField that segregates and captures specific activities or classifies certain objectives in accordance with special regulations, restrictions, or limitations.

Used on transactions only to store appropriations, releases, and reserves budget.

Choose one or more answers

Used to record financial accounting entries or budget entries for allotments.

The Florida PALM field that stores Chart of Accounts information and provides the basic structure to segregate and categorize transactional and budget data.

A ChartField String is defined as a combination of ChartField values used to process entries within Florida PALM:

The __________ defines a unit in an organization that is an independent entity for accounting purposes and maintains its own set of accounting books. (Choose 2)

Choose one or more answers

Florida PALM will not duplicate payments:

In Florida PALM, all individuals or entities receiving payment are referred to as:

The __________ module includes functions that support the management of payroll lifecycle activities. This includes maintaining employee records, calculating and processing payroll, payroll deductions and remittances, tax reporting, and other related activities.

__________ is the unique number assigned to an employee's paycheck (warrant or pay advice) after payroll has been confirmed.

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