Extended Team Integration

Extended Team Integration

1st Grade

12 Qs

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Extended Team Integration

Extended Team Integration

Assessment

Quiz

Other

1st Grade

Medium

Created by

Intel jecoe

Used 9+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

How do you get the latest JE templates?

Journal Entry Tool (JET) Portal

Click on the hyperlink (shows as "template version") in the existing template

All of the above

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following templates have access restricted?

Standard

Inter-company Sub-ledger Override

Sub-ledger Currency Override

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is effective backup for a JE?

The backup must be relevant and an appropriate record to validate the various journal entry components, including amounts booked, currency used, timing of the entry and GL account coding.

The backup should provide a clear total or summation of the line item details for comparison to the amount booked in the JE.

The backup must contain enough details to provide evidence of the existence of each item included in the JE.

The backup must be retained in JET tool or a shared drive (only due to large file size or confidentiality purpose) in a timely manner for audit and review purposes.

All of above

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which statement is incorrect relating to JE Posting Threshold?

JET system prohibits MJE with total debits <$100k Unless booked to an approved exception​ which are Payroll, Cap vs. Exp., Tax, Interco, Cash

Even without being locked out by system, all MJE’s should not contain JE line items <$100K

Any MJE can be posted as long as JET allows the preparer too.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When is JE approval required? ​

JE's with total debits >$3M USD​

JE's with CC line items <$100K

All of above

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the role of both JE prepares & approver?

a) Fully understand the nature of the JE transaction being booked

b)Review accuracy of JE

c) Ensure JE's are SOX compliant (adequate backup, approved by process owner etc.)

A & C

All of above

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which statement below contains three of the newly created L2 processes under the JE Governance BPM?

Outages; Policy & Controls; Transformation

Policy & Controls; Transformation; Journal entry Processing JET/SAP

Journal entry Processing JET/SAP; Posting Only; JE Governance

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