1. Which Administrative Policy Statement (APS) is the parent policy for a suite of policies related to appropriate use of university funds?
Propriety of Expenses
Tests of Propriety
Official Functions
2. What fund do financial transactions for gifts go into?
30
28
34
3. To ensure that your proposed University purchase is appropriate, you should first consult which PSC Procedural Statement?
Payment Voucher Usage
Sensitive Expenses
4. Which chartfield items are combined to create a unique speedtype (FOPP)?
Fiscal Area, Opportunity, Program Income or Project Income
Fiscal Area, Organization, Principal Investigator, Project
Fund, Organization, Program or Project
5. Your co-worker asks you to log in to the Finance System under his user ID and password instead of yours to complete some transactions for him; you:
Agree, because your access profile is the exact same as his.
Disagree, because the transactions will be flagged as "errors".
Disagree, because you signed an agreement when you applied for access that you understood the UMS Security policy that forbids sharing passwords.
6. Your boss asks you to make sure all test-tubes for her lab are purchased from a company her husband owns. You:
Agree to do so because it sounds logical to benefit someone you know's company rather than a stranger's company.
Disagree because the purchase would fail the Tests of Propriety.
Disagree because you want to buy them from your aunt's company.
7. When viewing reports either in the my.CU portal or in the reporting system, on which report can the Amount Available be found, regardless of a speedtype's available resources basis?
The Outstanding Encumbrances Report
The Revenue and Expense Statement Detail
The Revenue and Expense Statement Summary
8. What fund are Sponsored Project transactions recorded in?
10
9. If a gift fund speedtype has been designated for the purchase of lab equipment only, can you use it to pay for travel costs instead?
No, because travel costs cannot be paid for with university funds
Maybe, if you have bought all the lab equipment you need and still have money left over.
No, because the university has an obligation to comply with donor wishes on each and every gift speedtype.
10. Which university policy establishes the fiscal roles and responsibilities of employees by providing additional clarification and guidance regarding the framework within which financial management occurs?
Fiscal Code of Ethics
Fiscal Certification
Fiscal Roles and Responsibilities
11. Which Procurement Service Center (PSC) Procedural Statement sets forth university requirements for the propriety and maximum amounts of certain expenses that an outsider might question the appropriateness of?
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