Cost Control Quiz

Which one is not the job description of Cost Control?

• Monitoring ongoing expenses

• Support the Commitment stage by reviewing and validating Purchase Requisition

• Prepare Purchase Requisition for users to initiate the procurement process

• Preparing regular financial reports and cost analysis summaries

TRUE or FALSE

Cost Control cannot keep the estimation for accruals more than 6 months without any justifications from the users

• TRUE

• FALSE

Who is the Finance Manager of TEP PNG?

• Marlyn Malio

• Maryline Santina

• Marylin Monroe

• Jean-Marc Noiray

What items should be checked when reviewing a Purchase Requisition?

(Multiple correct answers)

• Cost Object

• Supporting Documents

• Material/Service Number

• The photo of the requester

What will happen if we receive an invoice for goods, but the Goods Receipt (GR) is missing during the process of matching?

• Finance will process the payment

• The invoice will be blocked, and payment can't be processed

• User must send a special request to Finance to pay the invoice

• The invoice will be paid next month

What are NOT the reasons of no matching invoices?

• Missing the name of invoice creator

• PO has expired

• Insufficient funds of PO

• Missing GR

What day is Independence Day in Papua New Guinea?

• 16 September 1965

• 16 November 1975

• 16 September 1985

• 16 September 1975