Florida PALM - Property Froggy Jumps

Froggy Jumps

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Florida PALM - Property Froggy Jumps

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KIM.JACOBS@MYFLORIDACFO.COM

United States

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Florida PALM - Property Froggy Jumps


Froggy Jumps Florida PALM - Property Froggy JumpsOnline version Florida PALM - Property Froggy Jumps by KIM.JACOBS@MYFLORIDACFO.COM 1 I'm the role responsible for controlling and managing Asset records (cost information) in Florida PALM. a Agency AM Asset Processor b Agency AM F&A Processor c Agency AM Sensitive Asset Processor 2 Depreciation must be run when these asset transactions are completed: a Addition of asset, update of asset record, transfer of asset, and disposal of asset b Addition of asset, update of asset record, and disposal of asset c Update of asset record, transfer of asset, and disposal of asset 3 The Agency AM Asset Processor updates existing Florida PALM asset records based on: a Inventory and condition report b Results to inventory, work in progress, and condition report c Feedback from the property custodian 4 Any asset transactions not completed before period close are completed ____________________. a automatically by Florida PALM b at the end of the fiscal year c in the subsequent period 5 The DFS AM Asset Administrator makes configurations that ____________________. a affects the ACFR b affects the ACFR, impacts agencies, and provides uniform application of asset recording methods c doesn't affect the ACFR, impacts agencies, & provides uniform application of asset recording methods 6 The change of COA values such as __________ requires the IntraUnit transfer function to move assets. a Org, Fund, Budget Entity, or GAAFR Fund b Org, Fund, Budget Entity, or Location c Org, Fund, Budget Entity, or Account 7 When Approval Workflow is initiated, asset records listed on a submitted disposal worksheet or disposal interface will display a __________ status in AM. a Disposed b In process c Pending Approval 8 The Asset Disposal Workflow provides a(n) __________ an electronic workflow to review disposal requests. a Agency, DMS, and DFS b Agency c DMS and DFS 9 Asset Workflow Status Report lists asset transfer or disposal transactions that ____________________. a require DMS and DFS approval b are pending for approval, have been approved or denied c pending for approval 10 T/F: Governmental Funds account for one fiscal year of information and cannot own assets with a useful life over one year. a True b False; they account for the lifetime of the asset c False; they account for one calendar year of information 11 If the asset is categorized as 'Vehicle' or 'Equipment General', _______________ reviews the disposal request. a Agency AM Asset Approver b DMS AM Asset Maintainer c DFS AM Asset Approver 12 If the asset is lost or stolen, __________ reviews the disposal (write-off) request. a Agency AM Asset Approver b DMS AM Asset Maintainer c DFS AM Asset Approver 13 The __________ is responsible for completing pending transactions that will be reported in the current period. a Agency AM Asset Processor b Agency AM Asset Maintainer c Agency AM Asset Approver 14 I am a BU specific value that indicates where an asset is: a Location b Acquisition Code c Location Code 15 I am the basis for acquisition cost: a Acquisition Code b Transaction Code c Valuation Method

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Florida PALM - Property Froggy Jumps

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Florida PALM - Property Froggy JumpsOnline version

by KIM.JACOBS@MYFLORIDACFO.COM

I'm the role responsible for controlling and managing Asset records (cost information) in Florida PALM.

Depreciation must be run when these asset transactions are completed:

The Agency AM Asset Processor updates existing Florida PALM asset records based on:

Any asset transactions not completed before period close are completed ____________________.

The DFS AM Asset Administrator makes configurations that ____________________.

The change of COA values such as __________ requires the IntraUnit transfer function to move assets.

When Approval Workflow is initiated, asset records listed on a submitted disposal worksheet or disposal interface will display a __________ status in AM.

The Asset Disposal Workflow provides a(n) __________ an electronic workflow to review disposal requests.

Asset Workflow Status Report lists asset transfer or disposal transactions that ____________________.

T/F: Governmental Funds account for one fiscal year of information and cannot own assets with a useful life over one year.

If the asset is categorized as 'Vehicle' or 'Equipment General', _______________ reviews the disposal request.

If the asset is lost or stolen, __________ reviews the disposal (write-off) request.

The __________ is responsible for completing pending transactions that will be reported in the current period.

I am a BU specific value that indicates where an asset is:

I am the basis for acquisition cost: