Financial Inquiry Self-Assessment

Which chartfield items are combined to create a unique speedtype (FOPP) ?
1. Fiscal Certification, Organization, Principal Investigator, Project
2. Fund, Organization, Program or Project
3. Fund, Opportunity, Program Income or Project Income
4. Fund, Opportunity, Program Income or Project Income
Which Procurement Service Center (PSC) Procedural Statement sets forth university requirements for the propriety and maximum amounts of certain sensitive expenses?
1. Fiscal Certification
2. Propriety of Expenses
3. Sensitive Expenses
4. Tests of Propriety
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:
1. Agree, because your access profile is the exact same as his.
2. Disagree, because you signed an agreement when you applied for access that you understood the UMS Security policy that forbids sharing passwords.
3. Disagree, because the transactions will be flagged as "errors".
4. Agree, because he has worked at the university longer than you.
What fund is Sponsored Project revenue recorded in?
1. 10
2. 28
3. 34
4. 30
Which Administrative Policy Statement (APS) is the parent policy for a suite of policies related to appropriate use of university funds?
1. Tests of Propriety
2. Official Functions
3. Sensitive Expenses
4. Propriety of Expenses
Your boss asks you to make sure all test-tubes for her lab are purchased from a company her husband owns. You:
1. Agree to do so because it sounds logical to benefit someone you know's company rather than a stranger's company.
2. Disagree because you want to buy them from your aunt's company.
3. Agree because your boss has given you an order.
4. Seek further guidance because the purchase could fail the Tests of Propriety.
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?
1. Fiscal Roles and Responsibilities
2. Fiscal Code of Ethics
3. Fiscal Certification
4. Propriety of Expenses
If a gift fund speedtype has been designated for the purchase of lab equipment only, can you use it to pay for travels costs instead?
1. Yes, because the donor lives out of state and never reads the financial statements.
2. No, because the university has an obligation to comply with donor wishes on each and every gift speedtype.
3. Maybe, if you have bought all the lab equipment you need and still have money left over.
4. No, because travel costs cannot be paid for with university funds
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?
1. The Balance Sheet Summary
2. The Outstanding Encumbrances Report
3. The Revenue and Expense Statement Detail
4. The Revenue and Expense Statement Summary
Expenditure Control is an initiative that is being phased in by fund type that has what result on university speedtypes which are in funds that are subject to expenditure control?
1. Uploads additional budget amounts when amount available in a speedtype equals zero.
2. Stops spending when amount available in a speedtype equals zero.
3. Transfers in revenue when amount available in a speedtype equals zero.
4. Transfers out extraneous expenses when amount available in a speedtype equals zero.