Florida PALM - General Ledger Quiz

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Florida PALM - General Ledger Quiz

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KIM.JACOBS@MYFLORIDACFO.COM

Estados Unidos

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Florida PALM - General Ledger Quiz


Florida PALM - General Ledger QuizVersión en línea Florida PALM - General Ledger Quiz por KIM.JACOBS@MYFLORIDACFO.COM 1 What is the primary purpose of the General Ledger (GL) in Florida PALM? a To serve as the official book of record containing financial data for all agencies b To store budget and encumbrance details for agencies c To track only cash transactions for the state d To maintain payroll information for all state employees 2 Which ledger in Florida PALM serves as an agency’s book of record for financial reporting purposes? a FINANCIAL REPORTING Ledger b ENCUMBRANCE Ledger c ACTUALS Ledger d CASH BASIS Ledger 3 Which modules feed accounting entries into the ACTUALS ledger? a Only GL manual journals b CM, PR, and HR c AP, AR, AM only d AP, AR, AM, CM, IU, and PR 4 Which method is NOT allowed for creating entries directly in the CASH BASIS ledger? a System-derived entries from ACTUALS b Manual GL journal entry c Custom CASH BASIS process (GLE012) d Journal Generator posting 5 What process converts accounting entries into GL journals for the ACTUALS and CASH BASIS ledgers? a GLR171 b Journal Generator (JGEN) c GLE014 d SDE011 6 Which ledger is used to support consolidated statewide financial reporting? a ENCUMBRANCE Ledger b CASH BASIS Ledger c ACTUALS Ledger d FINANCIAL REPORTING Ledger 7 Which users are allowed to create online journal entries directly in the FINANCIAL REPORTING ledger? a Only BFR users b Only AP and AR module users c Any agency user d DFS and agency users 8 What does the CASH BASIS Transaction Reconciliation Report (GLR171) help users verify? a That all ChartFields are valid b That all ACTUALS journals have posted c That the Fund Cash balance matches between ACTUALS and CASH BASIS at the transaction level d That FINANCIAL REPORTING adjustments are complete 9 How are ledger balances summarized in the Ledger table for all three ledgers? a By only Fund and Account b By all ChartFields including Project ChartFields c By summarized ChartField string including Project ChartField d By Project ChartField only 10 Which ledger is systematically populated only after entries have posted to the ACTUALS ledger? a CASH BASIS Ledger b FINANCIAL REPORTING Ledger c ENCUMBRANCE Ledger d BUDGET Ledger 11 Which process derives CASH BASIS accounting entries before they are converted into GL journals? a GLE014 b SDE011 c GLE012 d GLR171 12 In the FINANCIAL REPORTING ledger, which accounting periods are used for statewide consolidated adjustments? a Periods 998 and 999 b Periods 998 and 997 c Periods 996 and 997 d Periods 100 and 110 13 What is the first table where detailed journal information appears before being summarized into the Ledger table? a Ledger Summary Table b Journal Header and Journal Lines c Project ChartField Table d Reconciliation Table 14 Which ledger does not allow online or direct GL journal entry under any circumstances? a ACTUALS Ledger b FINANCIAL REPORTING Ledger c CASH BASIS Ledger d All ledgers allow direct entry 15 Accounting Period 998 is typically used for which type of activity? a Routine monthly agency transactions b Cash adjustments only c Consolidated statewide financial reporting adjustments d Payroll processing 16 When GL journals update ledger balances in the Ledger table, which ChartField is always retained in the final summarization? a Project b Fund c Account d Department

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Florida PALM - General Ledger QuizVersión en línea

por KIM.JACOBS@MYFLORIDACFO.COM

What is the primary purpose of the General Ledger (GL) in Florida PALM?

Which ledger in Florida PALM serves as an agency’s book of record for financial reporting purposes?

Which modules feed accounting entries into the ACTUALS ledger?

Which method is NOT allowed for creating entries directly in the CASH BASIS ledger?

What process converts accounting entries into GL journals for the ACTUALS and CASH BASIS ledgers?

Which ledger is used to support consolidated statewide financial reporting?

Which users are allowed to create online journal entries directly in the FINANCIAL REPORTING ledger?

What does the CASH BASIS Transaction Reconciliation Report (GLR171) help users verify?

How are ledger balances summarized in the Ledger table for all three ledgers?

Which ledger is systematically populated only after entries have posted to the ACTUALS ledger?

Which process derives CASH BASIS accounting entries before they are converted into GL journals?

In the FINANCIAL REPORTING ledger, which accounting periods are used for statewide consolidated adjustments?

What is the first table where detailed journal information appears before being summarized into the Ledger table?

Which ledger does not allow online or direct GL journal entry under any circumstances?

Accounting Period 998 is typically used for which type of activity?

When GL journals update ledger balances in the Ledger table, which ChartField is always retained in the final summarization?