Finance Manager Flashcards
List the three basic units of Cúram Financial Management.
Payment, liability, and payment received.
What is a payslip?
A record of the ILIs that pertain to a particular payment or liability instruction.
What is the most basic financial processing element in Cúram?
Instruction line item (ILI).
Name the batch process that generates the financial components for a case
Determine Product Delivery Eligibility
Define delivery pattern (in terms of financial components)
Indicates the 1. delivery method and 2. frequency of a financial component.
What could cause a payment to become suspended in relation to payment amounts in the system?
When the payment exceeds a maximum amount that was defined by the system administrator.
Your organization received a payment for $80, but it is not clear what the payment is for.
While you investigate, you record the payment in a _________ __________.
Suspense account
A financial component is a schedule to pay or bill. What is the term for a single instance of a financial component? What is the term for consolidation or “roll-up” of these single instances?
Instruction Line Item (ILI), financial instruction
True or False? The batch jobs in the Financial Batch Suite must be run in a specific
sequence.
True
Define what it means to capture a manual payment in Cúram.
Capturing a manual payment calls processes that re-create all the elements of a payment that was issued outside of Cúram.
A stand-alone deduction amount that is not
applied toward a specific liability
Unapplied
This deduction type is used to pay off an
outstanding liability that is owed to the
organization.
Applied
This deduction type is always a specific monetary value/percentage of benefit payment amount
Fixed - Variable
If a person (participant) owed money to their employer (also a participant in the system), the caseworker could set up this type of deduction on the person’s product delivery case in order to pay off the debt
Third Party
