Work Mastery August Edition 2020 - Mnl

18 Questions | Total Attempts: 17

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Work Mastery August Edition 2020 - Mnl


Questions and Answers
  • 1. 
    Part 1 (30 points) 1.1. In general, give at least 5 Expenses that do NOT require a receipt? 5 points
  • 2. 
    1.2. Give at least 5 supported languages? 5 points
  • 3. 
    1.3. Give at least 5 unsupported languages (based on WIKI)? 5 points
  • 4. 
    1.4. What are considered (at least 4) valid receipts? 4 points
  • 5. 
    1.5. What are the VAT requirements for UK(simplified)? 5 points
  • 6. 
    1.6. What are the two primary audit offerings? 2 points
  • 7. 
    1.7. What are the 2 key audit requirement? 2 points
  • 8. 
    1.8. What are Auditor Skills to be Expected (at least 2 and based on WIKI)? 2 points
  • 9. 
    Part 3: Escalations/Essay (based on SOP or otherwise company specific) = 3 points per item, 15 points total, all or nothing A: Below taxi receipt was rejected due to date discrepancy. Do you agree? Yes or No and Why?
  • 10. 
    B: Below receipt was rejected. Do you agree? Yes or No and Why?
  • 11. 
    C: This was called-out due to date mismatch. Do you agree? Yes or No and Why?
  • 12. 
    D: This was rejected due to missing ABN number, comment was provided. Do you agree with the rejection? Yes or No and Why?
  • 13. 
    E: This was rejected due to amount mismatch. Mobile Phone for INR 588.82 dated 05/01/2019 Do you Agree? Yes or No and Why?
  • 14. 
    Part 2 Fill in the blanks: (5 points) 2.1. [Blank] attached to a claim can add context to support, explain, or justify an employee’s expenses. All claim [Blank] must be read as part of the Audit process.
  • 15. 
    2.2 If the document provided is a [Blank], process this like an actual receipt by capturing the amount.
  • 16. 
    2.3 For combined receipts with the same expense type, at least one of the [Blank]must match with the Line Item (Cash/OOP).
  • 17. 
    2.4 Reports for termed/terminated/separated employee/s should [Blank] Audit as long as there’s an indication that they’re no longer working with the company and receipts are no longer available.
  • 18. 
    2.5 An expense marked as personal [Blank]since this will be charged to the employee and not the company. Employees use this to clear out old or personal charges.
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