Financial Manager

Question 1

List the 3 basic units of Curam Financial Management.

Answer 1

Payment
Liability
Payment Received

Question 2

What is a payslip?

Answer 2

A record of he ILIs that pertain to a particular payment or liability instruction.

Question 3

What is the most basic financial processing element in Curam?

Answer 3

Instruction line Item (ILI)

Question 4

Name the batch process that generates the financial components for a case.

Answer 4

Determine Product Delivery Eligibility

Question 5

Define Delivery Pattern

Answer 5

Indicates the delivery method and frequency of a financial component.

Question 6

What could cause a payment to become suspended?

Answer 6

When the payment exceeds a maximum amount that was defined by the system administrator.

Question 7

Your organization received a payment for $80, but it is not clear what the payment is for. While you investigate, you record he payment in a __________ _______________.

Answer 7

Suspense account.

Question 8

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 a consolidation of “roll-up” of these single instances?

Answer 8

ILI - Instruction Line Item

Financial Instruction

Question 9

True or False: The batch jobs in the Financial Batch Suite must be run in a specific sequence.

Answer 9

True

Question 10

Define what it means to capture a manual payment in Curam.

Answer 10

Capturing a manual payment calls processes that re-create all the elements of a payment that was issued outside of Curam.

Question 11

Put the Financial Batch Suite in the CORRECT sequence:
Generate Payslips Batch Process
Generate Instruction Line Items Batch Process
Generate Instructions
Determine Product Delivery Eligibility Batch Process
Generate Instruments

Answer 11

Determine Product Delivery Eligibility Batch Process
Generate Instruction Line Batch Process
Generate Instructions
Generate Instruments
Generate Payslips Batch Process

Question 12

Money that is subtracted from a benefit payment to be used for another purpose.

Answer 12

Deduction

Question 13

This deduction type is used to pay off an outstanding liability that is owed to the organization.

Answer 13

Applied

Question 14

Indicates the order in which deductions are processed when payments are generated for a case.

Answer 14

Priority

Question 15

This deduction type is always a specific monetary value.

Answer 15

Fixed

Question 16

A stand-alone deduction amount that is not applied toward a specific liability.

Answer 16

Unapplied

Question 17

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.

Answer 17

Third Party

Question 18

This deduction type is a percentage of the benefit payment amount.

Answer 18

Variable