NAPCP Certified Purchasing Card Professional (CPCP) Practice Test

These questions are part of the practice quiz. Start practicing

• When is the Fleet Card program a good solution?
• Where would you find the supplemental resources such as checklists and templates in the P&P Manual?
• Which metric describes a key AP measure of P-Card program success, such as reduced invoices?
• Without accountability for cardholders and management, what is a likely effect on P-Card program success?
• Which section would you refer to for preventing fraud and protecting card data?
• Which of the following is listed as a benefit of P-cards?
• How is sales tax defined?
• A process audit is conducted by internal auditors to test which item not typically tested?
• Which policy topic relates to the policy's purpose and objectives?
• Which of the following would best prevent fraud in a P-Card program?
• Which of the following is a listed benefit of P-cards?
• Which option best describes an audit’s potential role in supporting roles?
• In which scenario is a P-Card most appropriate?
• How is hourly wage calculated from total compensation in the header rows?
• Does the organization carry a balance month to month?
• What best describes a ghost card?
• Which statement about the front-end process of electronic payables is true?
• The ideal PM is knowledgeable in which four areas?
• Defining which element early in the RFP process enables participation from inception?
• Preventative controls in data protection primarily aim to
• Optimal program success is dependent on which of the following?
• In guaranteed electronic payments, how does Electronic Payables differ in payment timing?
• Which role gets involved and determines if an organization should implement a P-Card program?
• What is the most common range of transaction sizes?
• What is the role of the site coordinator in managing P-Card accounts?
• How will the P-Card program affect Procurement and A/P?
• Electronic payables are also known as which term?
• Acquiring a TIN and MCC codes and helping the supplier determine the data level (I, II, III) are all part of the ___ with the ______.
• Reporting is part of the program management toolkit that supports the control efforts. What would a Declined Transaction report tell?
• Which statement about department cards is true?
• Which sections of the SOX Act may affect P-Card operations?
• Who assumes most of the responsibility for the program success?
• What are some examples of program risks?
• Who would be good participants in a pilot group?
• How much less does the P-Card P2P process cost compared to the traditional P2P process?
• Which department typically handles the P-Card program and why?
• Who is generally responsible for tax collection?
• Which term describes controls over card usage, such as merchant restrictions and spending limits?
• What is the backbone of any P-Card program?
• Reporting is part of the program management toolkit that supports the control efforts. What would a Renewing Accounts report tell?
• What document should include the accountability of cardholders and their managers, including specifying within the document possible consequences for card misuse?
• Which is NOT a primary communications stakeholder for a P-Card program?
• Which outcome in AP staffing is commonly associated with P-Card adoption?
• P-Card protections typically include which of the following?
• Who issues cards and invoices posted P-Card transactions?
• Which type of organization might be exempt from sales tax or the Sarbanes-Oxley Act?
• Level III data capture includes Level I and II information plus which elements?
• Reporting is part of the program management toolkit that supports the control efforts. What would an Inactive accounts report tell?
• Which of the following is a responsibility of the Program Administrator?
• What are also known as associations?
• When is Electronic Payables a good solution?
• Which metric best describes spend efficiency on a P-Card, such as spend per card or per transaction?
• Which statement best describes the networks' role in supplier acceptance?
• Which statement best describes a prepaid card?
• What is the typical time frame to report fraud to the issuer?
• What is the best practice for the frequency of ongoing refresher training?
• Which item is included in account maintenance?
• Which of the following is a benefit of P-Card for the supplier?
• Which statement is true about the relationship between use tax and sales tax?
• Which listed benefit indicates potential staff reductions in accounts receivable?
• Which statement about the cost-review metrics is true?
• Who provides an invoice (central bill) to the end-user organization reflecting the total of each P-Card account plus a grand total of what is owed for the cycle?
• The primary function of P-Cards is to shift the purchasing responsibility from which department to which department?
• Which role is not a primary P-Card program management role?
• Each month, individual cardholder statements should show a __________ balance.
• Which description defines the Procure-to-Pay process?
• Which is not a benefit of using the P-Card?
• What type of purchases are ideal for Electronic Payables?
• Name the six departments the PM should communicate with to maintain open lines of communication?
• Which statement about electronic payables is true?
• When should P-Cards be used versus Electronic Payables?
• In the invoice process, how does Traditional P-Card compare to Electronic Payables?
• Under 6050W, what data is included for each supplier?
• Which item is NOT listed as part of the steps to put a program in place?
• When implementing a program, the senior management commonly completes 4 tasks. Which task is among them?
• Cardholders should be selected based on
• Corporate liability in P-Card programs refers to what concept?
• Reporting is part of the program management toolkit that supports the control efforts. What would a Disputes Analysis report tell?
• Who chooses the data capture levels transmitted to the end-user?
• Which element helps define the framework for managing P-Card activities and improving compliance?
• End-users in a P-Card program include which of the following?
• What part verifies compliance and program performance?
• What is a benefit of the Procure-to-Pay process?
• Which of the following statements about department cards is true?
• What staffing roles may be needed to help manage a card program?
• Who should you consult to ensure policy language does not conflict with employment practices and regulations?
• Which manual is cited as foundational to the P-Card program?
• Which 2 Program Management roles tend to have evenly split 50/50 in regards to being separate or combined?
• Which report helps the PA manage risk by reducing unused accounts by closing them after a period?
• Which of the following is NOT part of the P-Card Billing Process?
• Which is NOT a responsibility of the Program Manager?
• Use tax is in addition to the sales tax.
• Which of the following is a pilot program success factor?
• Which organizations would be considered networks?
• The One Card is best described as which?
• The PM is a key player in determining ____________, ________________the implementation activies, ______________ and ___________________ the program's P&P and ___________ the organization's vision for the program.
• Which statement best describes the Business Card?
• When mapping processes and costs, where should you focus to identify inefficiencies?
• What is a primary purpose of documenting changes during P-Card rollout?
• Which item would typically be a target for a Transaction Audit?
• Public organizations might be exempt from some regulations such as sales tax or Sarbanes-Oxley Act. Which type of organization is this?
• Use tax supplements the sales tax and is owed by the __________ when the sales tax is not collected by the supplier at the time of a taxable sale.
• What security features do the P-Card and Ghost Accounts have?
• What type of suppliers are a good fit for P-Cards?
• Which of the following is a disadvantage of interfacing with A/P?
• The __ is the recommended first step and valuable for first-timers as well as for organizations switching issuers.
• What is 'use tax'?
• Which statement best describes the relationship between a pilot and the full rollout?
• True or False: The issuer uses the services of the networks and processors to facilitate card issuance, authorize transactions, and provide data. Many financial institutions are not issuers. Issuers are sometimes called card providers.
• Which role is responsible for establishing compliance with regulatory requirements?
• What part of the Policy and Procedures Manual is the most fundamental element?
• Who is responsible to ensure that the training program, like policies and procedures, remains current?
• Checklists, standard training presentations, and communication templates are part of the ________ _______ in the P&P Manual.
• Maintaining a current risk analysis is important because it documents the program's risk landscape and supports audit readiness.
• What are convenience checks?
• Which item is NOT listed among the four selected supporting controls?
• In the Infrastructure portion of Program Implementation, what task need to be done in the policies and procedures?
• Which statement accurately reflects who should participate on the P-Card program research team?
• What is considered industry benchmarking information when conducting preliminary research?
• In terms of responsibility, how do they differ?
• Which spend category is ideal for Electronic Payables?
• Merchant acquirers are responsible for enrolling suppliers in the card acceptance process and implementing related equipment and software solutions.
• Which statement about supplier invoices in an electronic payables system is true?
• How does usage differ between P-Card and Ghost accounts?
• Maximum savings may not be realized until the program is in which stage of rollout?
• In the Infrastructure portion of Program Implementation, what task do the program management personnel need to do?
• Do states have 1099 requirements similar to the federal government?
• What is a primary indicator of a well-governed P-Card program?
• Who are the primary beneficiaries of P-Card program efficiency in procurement?
• Where would you find guidelines on how to operate a P-Card account?
• How many data capture levels are there?
• Which section would you consult to find instructions on opening a P-Card account?
• Which benefit most directly improves supplier cash flow?
• Reporting is part of the program management toolkit that supports the control efforts. What would a new accounts report tell?
• Which statement best describes separation of duties in P-Card governance?
• Which statement about P-Cards and the P2P process is true?
• A lack of which control can be a significant risk, as illustrated by a situation where an employee has write access to card transactions?
• During the Infrastructure portion of Program Implementation, what task must be completed to meet government regulations?
• Which topic is commonly addressed in a P-Card policy?
• Which department is typically responsible for paying invoices in a P-Card program?
• What are the steps to put a program in place? Which is the third step?
• Which option describes a Treasury/finance function’s role?
• Through 2010, an incorporated supplier who provided services had to exceed which amount during a calendar year to be required to report on 1099?
• What is the purpose of a pilot program?
• Which are the header rows suggested for reviewing a P2P process and associated cost?
• A P-Card program typically affects which two functions?
• Changes should be documented for an _____ ______ and communicated to existing ______ _________.
• Public Law 110-289 is associated with which reporting requirement?
• Which section includes supplier information such as tax ID and shipping information?
• Do public or private organizations have a lower tolerance for risk?
• In terms of protections, what is the difference between a traditional P-Card Account and a Ghost Account?
• Which statement is true regarding project plans for RFP and pilot programs?
• Who is primarily responsible for ensuring compliance with P-Card usage policies within an organization?
• Which policy component specifies who maintains the policy?
• Ordering methods, additional supplier information that may be needed (security code), organization's tax ID, shipping information, partial shipments/damaged goods and returns would be included in which part of the manual?
• Which item is typically included in preliminary research information?
• Have a definite end point for the pilot program (3 months is typical).
• Which control activity serves to confirm whether the controls are effective and uncover any previously undetected fraud and misuse?
• What is the purpose of aligning the policy with the program goals and objectives?
• Which report would be used to verify that recently added accounts/cardholders were obtained through the established process?
• Which option best describes the role of MCC codes in the onboarding context described?
• What changed in 1099 reporting from 2010 to 2011?
• What document could the research team prepare to demonstrate P2P and associated costs?
• If a supplier has a physical presence, what is typically required of them?
• Daily transaction limit, monthly limit, MCC restrictions, and ATM blocking are examples of __________ controls.
• The time from order to receipt of goods or services is called what?
• What is the issuance difference between a traditional P-Card Account and a Ghost Account?
• What type of purchases are a good fit for P-Cards?
• Who bears liability for Fleet Card?
• Suppliers are those who accept P-Cards as payment for goods and services.
• Why were use tax regulations implemented?
• Name 3 written events that would be considered common P-Card Communications.
• Which form was developed for 6050W (Public Law 110-289)?
• Which of the following is NOT one of the three key controls to support the control environment?
• If Ghost accounts will be used, you will want this addressed within the ________ and included in the ________.
• Processors are those who provide various services to card issuers and merchant acquirers, which may include card production, statement printing, authorization and data delivery. Which option best describes a processor’s role?
• Industry research shows that fraud tends to represent ____% of P-Card spend.
• Which part of the P&P manual serves as a type of preventative control?
• Which entity monitors the Durbin Amendment?
• Which statement about fees is true?
• During the creating program goals and objectives phase, which of the following is one of the defined situations?
• In the event of a use tax audit, the obligation is to document either the payment of sales tax or the accrual and remittance of the use tax.
• What is a priced packing list used for in P-Card workflow?
• Which document is cited as containing accountability for cardholders and describing consequences for misuse?
• When planning communication tactics, which factor should be weighed first?
• Which of the following is considered a supporting control specifically related to technology and reporting in a P-Card program?
• The program management team's role is multi-faceted. Which activity does it entail?
• Which is NOT a hosted P-Card communications event?
• What does a Dynamic Ghost Account mean in electronic payables?
• Where is the P-Card program typically managed within an organization?
• In the Infrastructure portion of Program Implementation, what actions must be done in the controlled environment?
• Should the card issuer offer assistance to the end-user organization regarding implementation controls prior to card issuance?
• Which statement best describes merchant acquirers' role?
• In a pilot program, the selected P-Card technology should be thoroughly tested with many scenarios and variables of the system.
• 1099 reporting is required by the original IRC Section ______.
• Which term is commonly used to describe the interfacing process between systems?
• STP stands for what in payment terminology?
• Which option represents an example of targeted transactions policy?
• Originally, P-Cards were payment for what kinds of transactions?
• Which item is NOT listed as one of the six benefits of card acceptance for suppliers?
• Which sign indicates that a full P-Card rollout is underway?
• Cardholders are defined as those who initiate P-Card transactions on behalf of their employer.
• If a supplier does not provide a proper TIN, who is required to withhold backup withholding from the payment?
• Which is an example of a prepaid funds payment option?
• When evaluating whether to amend an existing supplier contract to reflect card payments, what is the recommended approach?
• Which statement correctly describes a Dynamic Ghost Account in electronic payables?
• What language should be included in supplier contracts and purchase orders to ensure compliance with PCI DSS?
• Use tax is paid by the purchaser when taxable property or services are used in the state and state tax has not been paid.
• In this context, STP is described as which of the following?
• Which entity provides services such as card production, statement printing, authorization, and data delivery?
• What best describes the value proposition of a card program?
• Which statement best describes the difference in the P2P process between traditional P-Cards and Electronic Payables?
• Which roles are the primary people who manage a P-Card program within an end-user organization?
• Traditionally, P-Cards are assigned to
• What is a project plan?
• If the supplier doesn't pay tax, who must pay the taxes?
• Which of the following is a con of GL interfacing?
• Which program within the P&P Manual acts as a preventative control?
• Which description best defines misuse or abuse of a P-Card?
• When did the 1099 reporting become law?
• Which of the following is not a function of the Steering Committee?
• The pilot program should allow the card to be used with multiple suppliers for a variety of purchases.
• In electronic payables, which arrangement is used when a supplier does not maintain or receive a card account number?
• Which step is the first in the program placement process?
• Why is it important to have preventative controls in regards to data protection?
• How often is it suggested that information security training be completed?
• Which statement best describes the PM's influence on the program's policies and procedures?
• What is the purpose of testing the effectiveness of controls and closing identified gaps?
• Which of the following is NOT listed as a consideration for the One Card program?
• Best practice is to enforce cardholder and manager training _______ to card issuance.
• How is total compensation calculated in the header rows example?
• The creation of interface files generally occurs after an organization ______ a card issuer.
• Which Public Law number corresponds to TIPRA, signed in 2006?
• What is a Corporate (Travel) Card?
• Which statements best describe who may establish items taxed and tax rates?
• Which of the following is a payment processing benefit for suppliers?
• Reporting is part of the program management toolkit that supports the control efforts. What would a Closed Accounts report tell?
• During the Infrastructure portion of Program Implementation, what task must be complete for the training program?
• When P-Card is used as a payment solution the invoice is replaced by what?
• Which of the following actions is a recommended practice to prepare for full rollout after a pilot?
• Name a pitfall of not pursuing a pilot program.
• Level III data includes Level I and II information plus which additions?
• Which 2 different pieces of legislation passed in 2006 and 2010 respectively were repealed due to subsequent legislation?
• What are the features of electronic payables?
• Who are the primary customers of merchant acquirers?
• The intent of the Sarbanes-Oxley Act was to ensure what in relation to publicly traded U.S. companies?
• Maintaining a current ________________ will help an organization implement appropriate controls, as well as provide valuable documentation for audit purposes.
• Which metric should be monitored to ensure suppliers are charging prices consistent with P-Card use?
• Which item describes the group that maintains and revises the policy?
• Which policy component defines who the policy targets and the scope of its applicability?
• Who neither owes the card issuer nor makes payments?
• Name 3 hosted events that would be considered common P-Card Communications.
• Which MCC handling approach is considered best practice?
• Who is assigned the responsibility of developing the card program model?
• American Express functions as which two roles in card networks?
• Which is not a responsibility of the Program Administrator?
• What is also known as a supplier's bank?
• End-users in a P-Card program are:
• The ______ ______ should be signed prior to card issuance outlining the consequences for purchasing violations, misuse, and fraud.
• Who assists with the development of custom interfaces between P-Card technology and internal systems?
• Which statement about ghost cards is accurate?
• During which stage are policies and procedures typically prepared before the P&P manual is created?
• Which listed benefit relates to supplier cash flow through electronic payables?
• A P-Card pilot program typically functions for which duration?
• What type of program allows employees to both initiate and pay for purchases, creating a need for different controls?
• Ghost accounts are typically issued to?
• In the procurement process, how do traditional P-Cards differ from Electronic Payables?
• This part of the Policies and Procedures Manual provides a high-level overview which helps program participants understand the benefits to the organization, promoting compliance.
• Which benefit category is explicitly linked to growth in sales by some organizations?
• Which statement accurately reflects who should participate on the P-Card program research team?
• All suppliers collect tax in all jurisdictions. True or False.
• Which is a pro of interfacing with Accounts Payable (A/P)?
• Which statement best describes a declining balance card?
• Which operation is not part of a typical P-Card pilot program?
• In a P-Card program, fraud is best defined as which of the following?
• Who should dictate the components and degree of detail that the business case should contain?
• What are the two types of audits?
• Inactive or under-utilized P-Cards may pose which combination of risk and impact to the program as a whole?
• Card controls must support the program goals. It is equally important, as a best practice, for an organization to tailor _______________________ and _____________________ for individual cards/accounts to meet business needs rather than mandate a single set of limits for everyone.
• Reporting is part of the program management toolkit that supports the control efforts. What would an Access report tell?
• What type of supplier is good for Electronic Payables?
• Cardholders are responsible for which of the following tasks?
• Section 404 of SOX emphasizes which aspect of internal controls for P-Card operations?
• As part of the reconciliation process, which item should be included in the procedures?
• In the fraud section, which item is defined?
• Which of the following is the correct description of a single-use account in electronic payables?
• The creation of interface files generally occurs after an organization ______ a card issuer.
• Which of the following is a function of the Steering Committee?
• Which benefit specifically involves reducing the need for checks and related collection activities?
• In the fraud section, which item should be defined?
• The next step after the research phase is ______.
• What role should be the 'program champion'?
• Which of the following is NOT a benefit to Accounts Payable from adopting electronic payables?
• What is also known as card providers?
• Which function do issuers perform in relation to networks and processors?
• NOT a best characteristic of a use tax solution?
• What departments should participate in the research team?
• During a use tax audit, who must document the payment of sales tax or accrual/remittance of use tax?
• Which statement best describes a traditional P-Card?
• Level I data includes which fields?
• What is the purpose of the 1099 reporting?
• Which benefit is associated with customer experience rather than payment mechanics?
• What should be considered prior to pursuing a particular communication tactic?
• Which is a hosted P-Card communications event?
• Which policy area covers how long to retain P-Card records?
• Which account might be the best Commercial Card product to use with suppliers to invoice/charge freight, transportation, and delivery expenses?
• What is the purpose of listing header rows when reviewing a P2P process and cost?
• Which option describes an IT function’s role?
• Which of the following is NOT listed as a payment option?
• What is a likely staffing impact on Accounting when a P-Card program is adopted?
• To minimize the risk of fraud and misuse, which of the following is a measure an end-user organization can implement?
• Which of the following is NOT a listed benefit of Electronic Payables?
• Which statement is true regarding project plans for RFP and pilot programs?
• The Durbin Amendment is part of which act?
• Who should address how to handle valid pending transactions that may be outstanding at the time of the card closure?
• Which scenario describes P-Card usage best?
• What would an Unusual Activity report tell?
• Which factor may indicate supplier readiness for electronic payables?
• Who processes payments to the card issuer and monitors GL accounts?
• Which option is a type of purchasing card account type?
• What is a Fleet Card?
• DPO is an accounts payable metric. What does DPO stand for?
• Is the statement '1099-K is the form developed for 6050W' true?
• During implementation, the organization should communicate with __ and __ about the P-Card program, the benefits to the organization, how the processes will change, and promote the P-Card use with policies and procedures.
• Which statement about the declining balance card is true?
• When are suppliers required to register with a state and collect taxes?
• Standard practice requires management approval for account maintenance requests, and this does not include account closures.
• Which step comes immediately after the 'RFP' in the sequence?
• Which statement correctly describes the central bill's content in a P-Card program?
• Which option describes a tax function’s potential role?
• When would a Declining Balance Card be a good solution?
• Which option describes an Accounts Payable (AP) function’s role?
• Which step comes immediately after the 'Business Case' in the program implementation sequence?
• One of the first steps toward a full rollout is for the organization to make any necessary __________ ____________.
• Which statement best reflects the purpose of including PCI language in supplier documentation?
• Effective 2011, IRC Section 6050W requires what for each supplier?
• Level II data includes beyond Level I which items?
• In the Procure-to-Pay model, which description matches the flow where the order is fulfilled, the card is charged on shipment, and a packing list is received with no invoice?
• Which role is typically responsible for addressing how to handle pending transactions at card closure?
• What are networks primarily used for in card payments?
• If an organization is switching issuers, who addresses its exit strategy with the current card issuer?
• Which statement correctly contrasts 1099-MISC and 1099-K?
• Which of the following is included as a P-card benefit?
• Interchange rates are determined by which networks?
• Which of the following describes systemic controls?
• When are convenience checks particularly beneficial?
• Which item is NOT listed as a component of the policy?
• Program management may want to set up a basic hierarchy in the development phase. What are the 3 Program Management Hierarchy?
• Which question is not typically asked when developing a P-Card policy?
• Which primary audit type is more structured - process or transaction?
• Understanding IT requirements and communicating the requirements in the RFP should be complete in what planning stage?
• Do Traditional P-Cards and Electronic Payables both charge fees related to card acceptance?
• Proper use of the card means
• Who audits the PM and program participants for compliance with P&P?
• Which report is used to assess whether user access rights align with the principle of separation of duties?
• One key objective of implementing a P-Card program is to decrease the number of purchase orders and improve procurement policy compliance.
• In a well-run P-Card program, which factor is essential for success?
• What does the Durbin Amendment address?
• Which regulations is a U.S. federal tax law requirement?
• When is the best time to research government regulations for a P-Card program?
• Which of the following best describes the procurement benefits from adopting electronic payables?
• What best describes Ghost account controls?
• Who should develop a relationship with the card issuer and review cost of funds?
• Which form is traditionally used to report non-employee compensation and miscellaneous payments?
• What is one pitfall for an organization when determining how to divide the various process and payment tools?
• In guaranteed, electronic payments, how do traditional P-Cards pay suppliers?
• Which training method is the most inconsistent?
• Who establishes the items subjected to tax and the amount of tax?
• What controls are in place for traditional P-Card and Ghost Accounts?
• What are some specific targets during a Transaction Audit?
• Which statement best describes responsibility for Ghost accounts compared to traditional P-Cards?
• When organizations make the program too restrictive, what impact does this have on program performance?
• What action should be accomplished in the Defining Targeted Transaction phase?
• Which training method is most suitable for learners who prefer self-paced study?
• Minimally, _______ should be defined prior to developing the RFP to allow the individual or team to participate from inception.
• Which department typically handles the electronic payables program and why?
• How is cost per minute derived from the hourly wage?
• P-Cards were created to streamline accounts payable and replace paper checks for low-value transactions. Which option best reflects this purpose?
• During a P-Card pilot, which activity is typically included?
• An organization should test the effectiveness of the __________, taking the necessary actions to close any __________.
• Which MCC handling approach is recommended for approvals?
• What should be completed to identify the job duties, responsibilities, requirements, and skills for PM and PA roles?
• What is the first step of the internal research process?
• What is the One Card?
• For suppliers to see a value with Electronic Payables, payment should be received within how many days?
• Which countries have the most established P-Card markets?
• What is electronic payables?
• Common scams, legitimate communications, security of cards, and protect the related data are items you will find in which section of the P&P manual?
• Which scenario best demonstrates a breakdown of separation of duties?
• Who typically uses a P-Card to make purchases?
• Interchange is defined as which of the following?
• Which training method allows the participant to set their own pace?
• Which role is often responsible for program communications?
• When is the One Card program a good solution?
• What planning stage should IT requirements be finalized for a P-Card RFP?
• In the RFP process, which option best describes its main objective?
• What is a business case primarily used for?
• Who should oversee and monitor cardholder compliance?
• Which is not a responsibility of a site coordinator?
• Which statement describes P-Card usage?
• To stay current on regulatory requirements, which groups should be consulted?
• Which of the following is an indicator that would lead an organization to pursue the P-Card opportunity?
• Which entity typically addresses the exit strategy when switching card issuers?
• What is the primary purpose of P-Cards?
• Reducing or eliminating cash funds through P-Card use results in which outcome?
• What is the Business Card?
• What is the purpose of a program model?
• Which control involves comparing cardholder posted P-Card transactions to detect potential fraud or unauthorized charges?
• The __________ period is the appropriate time for an organization to finalize its desired card programs and/or account types.
• During a pilot program, which metric describes transaction volume, dollar volume, spend per card, and average transaction size?
• Why isn't a transaction audit completed 100%?
• In the communication process, which items should be communicated periodically to Senior Management?
• What is the benefit of convenience checks?
• What is a purchasing card?
• Which of the following is a listed P-card benefit related to staffing?
• What is the objective of the RFP process in selecting a P-Card provider?
• Which department is assigned responsibility for the P-Card program?
• When building a Business Case, the team should illustrate:
• Which of the following is a topic that should be part of the strategic communications during the Implementation process?
• Durbin Amendment went into effect on which date?
• What is considered the best first step in developing a P-Card program?
• What is a business case?
• Which statement describes a pro of interfacing with the General Ledger (GL) that relates to accounts payable clutter?
• What is the merchant discount?
• When suppliers fill out a 1099-MISC, do they include the DBA?
• What is the primary goal of a P-Card program?
• Which activity is typically part of the Program Manager's role?
• What is the least effective method of training?
• What is Accounts Payable's role in electronic payables?
• Issuers are those who work directly with end-users to implement and grow programs, issue cards, and invoice posted P-Card transactions.
• Which item is an example of a policy topic related to card use?
• Which department typically handles the Corporate Travel Card program?
• Which document should be signed before issuing a P-Card to outline consequences for misuse?
• Section 404 of the SOX Act addresses which aspect of P-Card programs?
• Which is not a responsibility of the Program Manager?