an Managing Account Billing Statement. The Government Commercial Purchase Card used as the method of payment for Franklin Company purchased inventory costing $90,000 by signing an 8%, nine-month, short-term note payable. What is defined as any felonious act of corruption or attempt to cheat the Government or corrupt the Government's agents by charge card program officials? After completing the course, please be sure to complete the survey at the end. Which two statements about Managing Accounts are true? Would he still think so if he saw how the government runs today? CLG 0010 DoD Governmentwide Commercial Card Exam. Use the vertical axis for depreciation cost and the horizontal axis for cubic yards of cement. a. Menier's disease Coordinate with their transportation service support office before initiating the transaction. Defense Acquisition University 9820 Belvoir Road Fort Belvoir, VA 22060 CONTACT US. What is the highest exchange ratio Birdie should be willing to pay and still undertake the merger? A merchant does not accept payment by credit card, The secretary of defense authorizes and increases in the micro-purchase threshold to 20,000 to support declared contingency operations in Afghanistan. After obtaining all necessary, approvals, you call the construction company, which advises you that the cost for its, services will total $2,400. Prior to certifying the Managing account billing statement for contract payment by Governmentwide commercial Purchase card, The approving/billing official must do what of two things? Ordering Officer purchases and payments. If transactions not made by the Cardholder appear on the Statement of Account, the Cardholder should dispute them with the card-issuing bank within how many days of the transaction date? test_prep. Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. Which three of the following statements about convenience checks are true? Recovery of cost from Governmentwide Commercial Purchase Card officials Cardholders who have been formally granted the appropriate authority in their Letter of Delegation may use the Governmentwide Commercial Purchase Card to make Simplified acquisitions up to $25,000 outside the United States and its jurisdictions - ANSWER-True The . When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase Construction services over $2,000 Every Governmentwide Commercial Purchase Card Cardholder should be issued both a card and convenience checks. Which of the following information must be included on detailed/itemized receipts? &\textbf{Recent Year}&\textbf{Prior Year}\\ Authorized uses of the Government Commercial Purchase Card include (select three): Which three items describes external fraud? CARD OVERVIEW EXAM, CLG 001 DoD Government Commercial Purchase Ca, DoD Government Purchase Card Refresher Traini, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. Who is the the individual responsible for ensuring the existence, accuracy, and legality of information on a managing account billing statement? b. b. A Cardholder's unauthorized purchase of power tools for personal useb. Which of the following is an agreement that is not binding solely because the Government representative who made it lacked the authority to enter into that agreement on behalf of the government? Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. payment against an existing contract, What are three examples of misuse of the Governmentwide Commercial Purchase Card? Several personnel in your of, been needing new laptops, so this is a good time to take advantage of the increase and purchase. [Show More] Which three of the following describe the Governmentwide Commercial Purchase Card? Decrease penalties for faulty disputes transactions? -At or below the micro-purchase threshold against Federal Supply Schedule contracts, FedMall, or other ordering systems that are authorized in Component procedures. Disruption to Government purchases. Several personnel in your office have been needing new laptops, so this is a good time to take advantage of the increase and purchase 20 laptops at $500 each, for the price of $10,000. CLG 0010 DoD Governmentwide Commercial Card Exam/ How Long does Foreign Military Sales Documentation have to be retained following a case closure An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. Institution. Prepare a graph for raw materials. T02.E03, What must the Cardholder do to become qualified to make Governmentwide Commercial Purchase Card purchases up to $25,000 outside of the United States and its jurisdictions?T05.E02, Cardholder must receive customized training, Executive Order 12674 and 12731 form the foundational policy on the ethical conduct of Federal employees. B. The Government Commercial Purchase Card used as the method of payment for . Purchase of accountable property CLG 0010 DoD Governmentwide Commercial Card Exam Spring 2022 (100% scored) Document Content and Description Below Which Of the Governmentwide Commercial Purchase Card Program's Mandatory oversight procedures involves validating that all data mining cases are closed and assessing the key purchasing and managemen . : an American History, Greek god program by alex eubank pdf free, Cecilia Guzman - Identifying Nutrients Gizmo Lab, Leadership class , week 3 executive summary, I am doing my essay on the Ted Talk titaled How One Photo Captured a Humanitie Crisis https, School-Plan - School Plan of San Juan Integrated School, SEC-502-RS-Dispositions Self-Assessment Survey T3 (1), Techniques DE Separation ET Analyse EN Biochimi 1, Gives DoD access to information about what its Components buy, Empowers a single individual to handle all aspects of the purchasing process, Convenience checks must be secured in a locked container, The Cardholder can request that the bank stop payment on a check, Funds available to cover both the value and the banks processing fee, The Cardholder can dispute the convenience check after payment has been made, Is a felonious act of corruption or attempt to cheat the Government. Similar in nature to a commercial credit card Which of the following terms is defined as "the international use of the Government-issued charge card in violation of applicable regulations"? assessment. Used to make mission-essential purchases. CLG 0010 Exam 100% Scored_ Spring 2022 1. Round whole percents to one decimal place. Interest penaltiesb. COM. TO1.E01, -Used to make mission-essential Purchases, Who is the individual responsible for ensuring the existence, accuracy, and legality of information on a Managing Account Billing Statement?T01.E04, The Secretary of Defense authorizes an increase in the micro-purchase threshold to $20,000 to support declared contingency operations in Afghanistan. CLG 0010 DoD Governmentwide Commercial Purcha, CLG 0010 DoD Governmentwide Commercial Card E, CLG 0010 DOD GOV. Public Notification-Correct CLG 001. what did you do wrong? CARD OVERVIEW EXAM QUESTIONS AND ANSWERS whose responsibility is it to comply with Government agency standards of conduct? In step 10 of the Governmentwide Commercial Purchase Card Program, what arr three pieces of information that should be included in the Cardholder Purchase Log? T04.E02. Raw materials (cement, gravel, and so on) cost about$25 per cubic yard of cement. Which three of the following are advantages of using the Governmentwide Commercial Purchase Card? a. Which three of the following describe the Governmentwide Commercial Purchase Card? Preliminary observations of one worker at the station produced the following sample time (in minutes per package): 3.5,3.2,4.13.5,3.2,4.13.5,3.2,4.1, 3.6, 3.9. Dame of the requestor PUR. The Governmentwide commercial Purchase card ______ used as the method of payment for commercial training requests using the SF-182, Valued at or below 25,000, in lieu of an employee reimbursement by miscellaneous payment. The firm recently paid a dividend of $3 per share. Bryce Bichon, the financial officer for Birdie, has been instrumental in the merger negotiations. Description THIS COURSE WILL RETIRED AND BE REPLACED BY CLG 0010 02 JUNE 2020. Competition-Correct Purchasing items or extra quantity of items for resale or to give away to relatives. There is no time limit for completing this course. . Assume that the normal operating range for the company is 90,000 to 96,000 cubic yards per year. Similar in nature to a commercial credit card 2. Convenience Check Writers, and Certifying Officers Courses 484 View detail Preview site Dau Clg 0010 Training Slides - faqcourse.com CLG 001 DoD Government Commercial Purchase Card Overview Exam, 2022. The government is not relieved of its obligation to pay for valid transactions made prior to the loss Prior to certifying the Managing Account Billing Statement for contract payment by Governmentwide Commercial Purchase Card, the Approving/Billing Official must do which one of the following? How many cardholder accounts may be rolled up under a managing account? Unintentionally Purchasing excessive quantities of an item with limited shelf life, Failure to certify a Managing Account Billing Statement in a timely manner results in what three things?T02.E04, Disruption to Government Purchases TO4.E01 Click the card to flip Definition 1 / 23 Approving/Billing Official Click the card to flip through 2021. which three of the following are cardholder considerations before purchase? Which of the governmentwide commercial purchase card program's mandatory oversight procedures involves the approving/billing official documenting findings and disciplinary category determinations? price-icon. Which of the Governmentwide Commercial Purchase Card Program's mandatory oversight procedures is a consolidation of the previous Monthly Agency/Organization Program Coordinator Reviews? No Ordering officer may be appointed until they have received training commensurate with their delegated authority \quad\text{Basic}& 702,987 &687,910\\ Purchasing office supplies for home use. Funds must be available to cover the check value and the bank's processing fee In order to use the Governmentwide Commercial Purchase Card for simplified acquisitions up to $25,000 outside the United States and its jurisdictions, the Cardholder, merchant, and supply delivery/service execution must all be outside the United States and its jurisdictions. Must not be Must be Is occasionally None of . Internal Control Reviews/////, At 90 days past due, what happens to all cardholder accounts associated with a managing account. At or below the micro-purchase Threshold from any vendor-Correct If transactions not made by the Cardholder appear on the Statement of Account, the Cardholder should dispute them with the card-issuing bank within how man days of the transaction date?T06.E03, The Governmentwide Commercial Purchase Card ___________ used as the method of payment for commercial training requests using the SF-182, valued at or below $25,000, in lieu of an employee reimbursement be miscellaneous payment. Component Procedures may authorize DOD Governmentwide commercial Purchase Card ordering officers to make purchases up to the simplified acquisition threshold in which three of the following cases? In step 10 of the Governmentwide Commercial Purchase Card Program, what are three pieces of information that should be included in the Cardholder Purchase Log? Must be What are three advantages of using the Governmentwide Commercial Purchase Card? Complete appropriate training Violating a specific-Use Policy. Review and ensure all cardholder supporting documentation supports the payment. Open-market micro-purchases. In step 10 of the Governmentwide Commercial Purchase Card Program, what are three pieces of information that should be included in the Cardholder Purchase Log? 6. Journalize the companys: One office in an office building has an area of 5,200ft25,200 \mathrm{ft}^25,200ft2. (select the three that apply) - ANSWER-1. c. Purchasing items or extra quantity of items for resale or to give away to relatives. CLG 001. test_prep. b. \end{array} Following; B. -Paying for repairs of privately owned equipment Supervisor, If commercial, Door to door shipping is not available for a governmentwide commercial purchase card purchase to be shipped overseas, the cardholder must, Ensure approximate shipping information ans been provided ///////. Must not be Must be Is occasionally None of these 2. avoid pecuniary liability, 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations, Which three of the following constitute cardholder fraud, A cardholder's unauthorized purchase of power tools for personal use a. CLG 0010: DoD Governmentwide Commercial Purchase Card Overview: Online Training (OLT) N/A: N/A: 4: 02-Jun-2020: CLG 006 : Certifying Officer Legislation Training for Purchase Card Payments: Online Training (OLT) N/A: N/A: 1: 05-Nov-2019: Feedback. Approving/billing Officer price-icon . giving preferential treatment to any person or organization. Name of the requestor yo agree to make the purchase, and the construction company accepts your governmentwide commercial purchase card as the method of purchase. Clarify mathematic. What guidance does the Codification provide concerning the disclosure of research and development (R&D) costs? The study documents help you better prepare for exams and get higher grades. \text{United States}&\$\hspace{5pt}8,814&\$\hspace{5pt}8,528\\\ It expects its earnings-and hence its dividends-to grow at a rate of 7 % for the foreseeable future. A. national health care spending, y, in trillions, as a What are three authorized uses of the Governmentwide Commercial Purchase Card? CLG 0010 Exam with complete solutions who is responsible for verifying proof of delivery for all govermentwide commercial purchase card transactions during the monthly transaction review? Reconcile the monthly statement of account. the Cardholder can dispute a convenience check after payment has been made Whose Responsibility is it to comply with government agency standards of conduct? who is responsible for making regular reviews of existing cardholders and their monthly spending limit, in step 12 of the governmentwide commercial purchase card program process, what are three, Transactions where the Governmentwide Commercial Purchase Card is used as a method of payment T05.e01. - ANSWER-True, If required office paper is available from a mandatory source of supply (such as the. The Government Commercial Purchase Card used as the method of payment for commercial training request using the SF-182, valued at or below $25,000, in lieu of an employee reimbursement by miscellaneous payment. Automatic suspension of all Cardholder (CH) accounts. A. Ordering officer purchases and payments Which of the following describe the Governmentwide commercial purchase card? The Cardholder can request that the bank "stop payment" on a check The law requires the DoD to recover cost from Governmentwide Commercial PurchaseCard officials who have used the Governmentwide Commercial Purchase Card for illegal, improper, or erroneous purchases - ANSWER-True Which of the following is the term for a shipment of supplies or jurisdiction. Bundle contains 3 documents. Interest penalties b. Is a felonious act of corruption or attempt to cheat the Government A best practice calls for the Cardholders to reconcile transactions is the Statement of Account within how many days of the billing cycle end date? Ordering Officer purchases and payments, c. Commercial training requirements using the SF-182, Which of the following terms is defined as "the international use of the Government-, issued charge card in violation of applicable regulations"?
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