- Daily Data Mining Case Reviews ////// Liberty University Which three items describe external fraud, Includes billing for items not ordered Target Attendees - ANSWER-Abuse, How many Cardholder accounts may be rolled up under a Managing Account? All Schedule contractors are required to accept the government purchase card for purchases up to the micro-purchase threshold and encouraged to do so for purchases over it.. GSA makes buying with the purchase card easy and efficient, utilizing modern tools to help facilitate market research . support declared contingency operations in Afghanistan. Semi-Annual Head of Activity Reviews Daily Data Mining Case Reviews Procurement Management Reviews Monthly Agency/ Organization A Best practice calls for the cardholder to reconcile transactions in the statement of account within how many days of the billing cycle end date? purchasing items or extra quantity of items for resale or to give away to relatives 13.301 Governmentwide commercial purchase card. By Tessa 6 months ago Exam $8 1 Governance> Exam > GOVT 407 Exam 3 questions-and-answers-solution-test-exam- (All) Reduced invoicing costs must be must be 3. Which three of the following constitute Cardholder fraud? An unauthorized commitment is an agreement that is not binding solely because the agreement Used to make mission-Essential Purchases When using a Governmentwide Commercial Purchase card, which of the following is a prohibited purchase. Improves data quality and access. It helped me a lot to clear my final semester exams. What are three examples of abuse of the Governmentwide Commercial Purchase Card? 32.1108 Payment by Governmentwide commercial purchase card. the cardholder temporarily loses card privilege's The Governmentwide commercial purchase card may be used by contracting officers and other individuals designated in accordance with 1.603-3. 4. Ordering officer purchases and payments 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 Name of the requestor Total Dollar Value of the transaction Date on which the item/service was ordered How many cardholder accounts may be rolled up under a managing account? 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? Account? \text{Dec (62,000 units at \$68)..} & \text{4,216,000 }\\ You agree to make the purchase, and the construction company accepts your Governmentwide Commercial Purchase Card as the method of purchase. This guide is a general framework work for auditing Government Purchase Card programs. An Approving/Billing Official (A/BO) is authorized to be a Cardholder (CH) under the same Managing Account (MA) for which they are an A/BO. The purchase card currently saves the Government approximately $1.3B annually in administrative costs. Authorized uses of the Governmentwide Commercial Purchase Card include: Failure to certify a Managing Account Billing Statement is a timely manner results in what three things? Show totals for gross profit, income before tax, and net income. References (A) SmartPay 3 (SP3) GPC System Summary Functional Workflow . You even benefit from summaries made a couple of years ago. 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 management internal controls? 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 management internal controls? Karen. A document reflecting all purchases and credits that have been posted to the Cardholder's account during the 30 calendar days of the billing cycle. The Government Purchase Card (GPC) mission is to streamline payment procedures and reduce the administrative burden associated with purchasing supplies and services. Slashes mean its wrong 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 a total price of $10,000, DoD policy allows for governmentwide commercial purchase card billing statement certification prior to verification that all items submitted for payment have been received in order to, Avoid Prompt payment interests What is the artificial intelligence Data Mining platform that automatically analyzes the DoD's Governmentwide Commercial Purchase Card data to identify high-risk transactions 6. - 6 Years and 3 Months //////// In the event that a Cardholder reports a misplaced, lost, or stolen card or check, which of the following is true? What are three advantages of using the Governmentwide Commercial Purchase Card? how many days of the billing cycle end date? \text{Nov (52,000 units at \$62). } & \text{3,224,000 }\\ Transactions where the governmentwide commercial purchase card is used as a method of payment You made a purchase for construction with the Governmentwide Commercial Purchase Card that exceeded $2,000. Ensure adequate and appropriate funds are available-Correct (iv) The contracting officer may take steps to authorize payment by Governmentwide commercial purchase card when a contractor alerts the contracting officer that the SAM debt flag indicator has been changed to no longer show a delinquent debt. -Ordering Officer appointments are distinct from Governmentwide Commercial Purchase Card Carholder appointments. CLG 001 DoD Governmentwide Commercial Purchase Card Overview Exam 100%. -Ensure transactions are made with responsible merchants 20 laptops at $500 each for a total price of $10,000. These procedures will address requirements related to which three of the following? A Governmentwide commercial purchase card charge authorizes the third party ( e.g., financial institution) that issued the purchase card to make immediate payment to the contractor. Authorized uses of the Governmentwide Commercial Purchase Card include which three of the following? Prerequisite(s) None Predecessor Course(s) Predecessor: Predecessor Course Title: PDS Code: -Complete appropriate training Cash advances. Objectives TO BE POSTED Download Course Objectives Target Attendees The Secretary of Defense authorizes an increase in the micro-purchase threshold to $20,000 to answer. -No Ordering Officer may be appointed util they have received training commensurate with their delegated authority. avoid prompt payment interest Above or below the micro-purchase threshold against contract vehicles issued for the component by contracting officer that contain a provision authorizing order and payment by the governmentwide commercial purchase card. 20 laptops at $500 each for a total price of $10,000. Information on TOP is available at http://fms.treas.gov/debt/index.html. Approving/billing Officer We're available through e-mail, live chat and Facebook. These procedures will address requirements related to which three of the following? Cardholders who have been formally granted the appropriate authority in their Letter of Delegation what is the first step to follow when a cardholder becomes aware of a lost or stolen card or check? (4) The contracting officer shall not authorize the Governmentwide commercial purchase card as a method of payment during any contract period of performance if the contract includes the clause at FAR 52.229-12, Tax on Certain Foreign Procurements, unless the contract also includes the clause at 252.229-7014, Full Exemption from Two-Percent Excise Delinquent accounts are suspended after how many days? 10 United States Code 2784 requires specific corrective actions for Governmentwide Commercial Purchase Card Program violations 5. Prepare journal entries for the following transactions from Forest Furniture. An Unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold. -Are used to roll up Cardholder accounts Federal law requires that funds must be available before any government purchase is made. The Government is not relieved of its obligation to pay for valid transactions made prior to the loss. [Show More] Last updated: 3 months ago Preview 1 out of 11 pages Add to cart Instant download OR PLACE CUSTOM ORDER Add to cart Instant download Disruption to Government Purchases. Prepare the stores income statement for the year ended January 31, 2012. What is the procurement integrated enterprise environment (PIEE) module used to initiate, review, approve, store, and terminate required delegations of procurement authority and/or appointment? Determine if any special requirements or approvals are required.-Correct You use your Governmentwide Commercial Purchase Card to purchase a case of envelopes from a merchant. The Government Purchase Card (GPC) Program (also known as the GSA SmartPay Program) provides charge cards to agencies/departments throughout the U.S. Government.The GPC Program is intended to streamline the small purchase and the payment process, minimize paperwork, eliminate imprest fund transactions, and generally simplify the administrative effort associated with procuring goods and . Suspected ethics violations should be reported to: DoD policy allows for governmentwide commercial purchase card billing statement certification prior to verification that all items submitted for payment have been received in order to, Allow for maximum refunds What is defined as any felonious act of corruption or attempt to cheat the government or corrupts the government's agents by charge card program officials. What four steps are used to accomplish this objective? Course Hero is not sponsored or endorsed by any college or university. 1) Internal Control Reviews 2)Procurement Management Reviews 3) Quarterly Data Mining Case Validation Reviews 4) Semi-Annual Head of Activity Reviews Which two of the following must be included in supporting documentation for all Governmentwide Commercial Purchase Card transactions? 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. Which three of the following are advantages of using the Governmentwide commercial purchase card? Cardholders may be granted authority to use their Governmentwide Commercial Purchase Card accounts to make payments against contracts. The Governmentwide Commercial Purchase Card __ used as the method of payment for commercial training requests using the SF-182 valued at or below $25000 in lieu of an employee reimbursement by miscellaneous payment. Semi-Annual Head of activity Reviews///// -At or below the micro-purchase threshold against Federal Supply Schedule contracts, FedMall, or other ordering systems that are authorized in Component procedures Decrease penalties for faulty disputes - Obtain Approval from the Agency/Organization Program Coordinator According to 10 United States Code 2784, which two of the following could result from a Governmentwide Commercial Purchase Card Program violation? idating that all data mining cases are closed and assessing the key purchasing and management internal controls? Mr. Lawrence invests $600 at the end of This policy applies to all types of contract actions authorized by the FAR un less Docmerit is a great platform to get and share study resources, especially the resource contributed by past students and who have done similar courses. Make summary journal entries to record the stores transactions for the year ended January 31, 2012. Vendor change card scanning capabilities You are using your GPC to purchase a piece of office equipment for which you have a written requirement from a requestor. Rental payments will be received at the end of each year. Use the terms plantation and cash crop in a sentence about the colonies' economy. 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