Florida PALM - KK and Budget - Multiple Choice

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Florida PALM - KK and Budget - Multiple Choice

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KIM.JACOBS@MYFLORIDACFO.COM

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Florida PALM - KK and Budget - Multiple Choice


Florida PALM - KK and Budget - Multiple ChoiceVersión en línea Florida PALM - KK and Budget - Multiple Choice por KIM.JACOBS@MYFLORIDACFO.COM 1 True/False: The Commitment Control module is used for control, management, and reporting of budget. a True b False 2 ______________ includes the management of appropriations, releases and reserves, allotments, and spendable cash resources. a Budget Management and Cash Control b Account Management and Financial Reporting c Budget Management d Cash Control 3 True/False: Budget Allotments can exceed appropriations. a True b False 4 True/False: The GAA will originate in Florida PALM. a True b False 5 True/False: The DFS KK Budget Maintainer creating journal entries to correct budget load errors can approve those budget journals. a True b False 6 True/False: Appropriations budget journals created from the spreadsheet upload do not require approval through workflow. a True b False 7 I am received from the Legislature to authorize the spending of public money: a Appropriations Budget Structure b Allotments Budget Structure c Cash Control Budget Structure d Revenue Budget Structure 8 I am the appropriation amounts available for expenditures by agencies: a Releases Budget Structure b Projects Budget Structure c Investments Budget Structure d Reserves Budget Structure 9 True/False: Agencies cannot exceed the released amount. a True b False 10 __________ is applicable for all transactions processed in Florida PALM which includes appropriations, allotments, cash, projects, investments, and revenue. a Budget Checking b Cash Checking c Control Checking d All of the above 11 True/False: Budget checking is a step in the transaction lifecycle after an accounting entry is posted in the source module. a True b False 12 ________ provides the method to capture and report transactions impacting FCO and non-FCO projects. a Projects Budget Structure b Cash Control Budget Structure c Investments Budget Structure d Revenue Budget Structure 13 The _______ screen is available for review of posted appropriations. a Budgets Overview b Appropriation Overview c Cash Control d Commitment Control 14 True/False: Budget Structures are used in Florida PALM to support business processes that require control, monitoring, and tracking of transactions and balances. a True b False Feedback 3 Budget Allotments cannot exceed appropriations. 4 The GAA is transmitted from LAS/PBS into Florida PALM. 5 You should not create and approve: SOD conflict. 11 Budget checking is a step in the transaction lifecycle before an accounting entry is posted in the source module.

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Florida PALM - KK and Budget - Multiple Choice

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Florida PALM - KK and Budget - Multiple ChoiceVersión en línea

por KIM.JACOBS@MYFLORIDACFO.COM

True/False: The Commitment Control module is used for control, management, and reporting of budget.

______________ includes the management of appropriations, releases and reserves, allotments, and spendable cash resources.

True/False: Budget Allotments can exceed appropriations.

True/False: The GAA will originate in Florida PALM.

True/False: The DFS KK Budget Maintainer creating journal entries to correct budget load errors can approve those budget journals.

True/False: Appropriations budget journals created from the spreadsheet upload do not require approval through workflow.

I am received from the Legislature to authorize the spending of public money:

I am the appropriation amounts available for expenditures by agencies:

True/False: Agencies cannot exceed the released amount.

__________ is applicable for all transactions processed in Florida PALM which includes appropriations, allotments, cash, projects, investments, and revenue.

True/False: Budget checking is a step in the transaction lifecycle after an accounting entry is posted in the source module.

________ provides the method to capture and report transactions impacting FCO and non-FCO projects.

The _______ screen is available for review of posted appropriations.

True/False: Budget Structures are used in Florida PALM to support business processes that require control, monitoring, and tracking of transactions and balances.

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