AR Lunch and Learn

Froggy Jumps

Jugadas 2

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Sobre esta actividad

To test knowledge of AR Training after the AR Lunch and Learn

Creada por

Amy

Estados Unidos

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AR Lunch and Learn


Froggy Jumps AR Lunch and LearnVersión en línea To test knowledge of AR Training after the AR Lunch and Learn por Amy 1 What is the primary purpose of Accounts Receivable (AR) in Florida PALM? a Managing payroll and benefits b Managing accounting, reporting, and collection of State revenues c Tracking agency expenditures only 2 Which activity is also supported by the AR process in Florida PALM? a Intake and accounting for cash receipts b Budget forecasting c Grant Management 3 At DFS Proper, how are receivables managed? a Recorded and written off directly in the AR Module b Managed and written off only by Treasury c Managed in Division/Office Agency Business Systems 4 Where are write-offs ultimately recorded for DFS-Proper? a General Ledger Module b Only in Agency Business Systems c Accounts Receivable Module 5 What is a deposit in Florida PALM? a A type of journal entry for expenses b A method of recording the receipt of a payment c A report of reconciled transactions 6 What does an ACH Notice of Change (NOC) indicate? a A same-day deposit approval b An unreconciled bank transaction c Outdated banking data 7 What is the difference between a reconciled and unreconciled deposit? a Whether it has been matched to a bank statement b Whether it was created by DOR c Whether it is linked to a customer 8 How do agencies access ACH NOC information? a Through General Ledger queries b Through an interface or report in Florida PALM c Through manual email notifications 9 When might an agency request Treasury assistance? a To create receivables b To approve write-offs c For help with deposit reconciliation and bank corrections 10 Who may create deposits on behalf of select agencies? a Department of Revenue (DOR) b DFS Accounting and Auditing c Treasury 11 Treasury receipts, adjustments, and returned items are recorded in Florida PALM as: a Write-offs b Deposits c Journals 12 Which role is responsible for creating the deposit header and line detail? a Agency AR Deposit Approver b Agency AR Reporter c Agency AR Deposit Processor 13 What flexibility does Florida PALM provide when entering deposits? a Deposits can have one-to-many payments and accounting lines b Deposits must have only one payment c Deposits must be summarized at the fund level 14 What must occur before a deposit amount becomes available for agency use? a Interface transmission only b Passing Edit, Budget, and Cash checks and posting to the ledger c Treasury approval only 15 Which report provides a list of unreconciled deposits to assist with reconciliation? a ARR021 – Unreconciled Deposits Report b ARR020 – Reconciled Deposits Report c KKR023 – Revenue Report

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AR Lunch and Learn

Froggy Jumps

Sobre esta actividad

Creada por

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AR Lunch and LearnVersión en línea

por Amy

What is the primary purpose of Accounts Receivable (AR) in Florida PALM?

Which activity is also supported by the AR process in Florida PALM?

At DFS Proper, how are receivables managed?

Where are write-offs ultimately recorded for DFS-Proper?

What is a deposit in Florida PALM?

What does an ACH Notice of Change (NOC) indicate?

What is the difference between a reconciled and unreconciled deposit?

How do agencies access ACH NOC information?

When might an agency request Treasury assistance?

Who may create deposits on behalf of select agencies?

Treasury receipts, adjustments, and returned items are recorded in Florida PALM as:

Which role is responsible for creating the deposit header and line detail?

What flexibility does Florida PALM provide when entering deposits?

What must occur before a deposit amount becomes available for agency use?

Which report provides a list of unreconciled deposits to assist with reconciliation?