[p&g Academy] Msa-srap Quiz #2

15 Questions

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Academy Quizzes & Trivia

I. Multiple Choice


Questions and Answers
  • 1. 
    Who is in-charge of posting the actual SRAP invoices?
    • A. 

      General Ledger

    • B. 

      SRAP

    • C. 

      Accounts Payable

  • 2. 
    Which of the following roles is not involved in Global Cost Sharing?
    • A. 

      Ad Hoc Cross-Charges

    • B. 

      Package Fees

    • C. 

      Billbacks

  • 3. 
    Who is in charge of the profit center activation?
    • A. 

      General Ledger

    • B. 

      Masterdata Team

    • C. 

      Depends on the row that will use the profit center

  • 4. 
    Cost center and account for bank fees are to be provided what row?
    • A. 

      Employee Services

    • B. 

      Treasury

    • C. 

      SNS/RPCS

  • 5. 
    Which of the following row do not have a direct touchpoint with SRAP?
    • A. 

      Affiliate

    • B. 

      MSA

    • C. 

      Product

  • 6. 
    Among which of the pre-closing tasks involves the transfer of balances by cost center on the 18 major cost elements to the Corporate Data Warehouse? 
    • A. 

      Process Cost Allocations

    • B. 

      Interface to CDW

    • C. 

      Process Month-End Journals

  • 7. 
    The purpose of this check is to ensure that all inter-company postings are made on zero sum profit centers.
    • A. 

      SRAP CC vs. PC Check

    • B. 

      SRAP PC Check

    • C. 

      SRAP Intercompany Check

  • 8. 
    Which of the following is not part of the final closing checks?
    • A. 

      Reasonability Check

    • B. 

      CDW Validity Check

    • C. 

      SRAP Dummy Check

  • 9. 
    The purpose of this check is to verify that all profit center postings are in the correct SRAP Category.
    • A. 

      SRAP PC Check

    • B. 

      SRAP Category Actual Check

    • C. 

      SRAP Organization Actual Check

  • 10. 
    Every time there is a change of link of a cost center from one PC to another, balances should be transferred. This transfer is done in what process?
    • A. 

      Cost Center Actuals Transfer

    • B. 

      Restructuring Reserve Check/ Re-class

    • C. 

      Restatement Re-class

  • 11. 
    Which of the following is NOT classified as a Type 1 accruals?
    • A. 

      Routine/on-going data acquisition/CMK

    • B. 

      Accruals for 4th quarter activity only, such as D&T audit fees

    • C. 

      Utility expense

    • D. 

      Office Supplies

  • 12. 
    When are SRAP accruals being booked in SAP?
    • A. 

      1st quarter

    • B. 

      Month end

    • C. 

      Mid year

    • D. 

      Year end

  • 13. 
    ____ is the method used to appropriately distribute charges to the business for service choices provided by GBS?
    • A. 

      GBS cost sharing

    • B. 

      GBS Pricing

    • C. 

      Adhoc Cross charge

    • D. 

      R&D Billback

  • 14. 
    GBS Pricing allocation via charging low level business cost centers impacts which row?
    • A. 

      Accounts Payable

    • B. 

      SRAP/MSA

    • C. 

      MOE/SRAP

    • D. 

      Affiliates

  • 15. 
    Which services are allocated from GBS pricing revenue cost centers to high level cost centers?
    • A. 

      IT charges

    • B. 

      Facilities Management

    • C. 

      A&B

    • D. 

      Any service other than IT and Facilities Management