Treasury & Accounting

Question 1

The daily settlement for fuel wires are considered third party wires and are done out of Cash Manager. True or False.

Answer 1

TRUE

Question 2

EFS and T-Chek wires are sent through a batch system similar to how wires are sent to Frost. True or False.

Answer 2

TRUE

Question 3

Comcheks are used for which of the following:

A. Fuel
B. For clients to deposit into their bank account
C. Truck Repairs
D. All of the above

Answer 3

D. All of the Above

Question 4

Which of the following is NOT one of the overall functions of the Accounting Department?

A. Planning and budgeting for the coming year
B. Recording and tracking through the year
C. Assisting clients with online setup
D. Reporting results and preparing for the yearly audit

Answer 4

C. Assisting clients with online setup

Question 5

The Accounting Department depends heavily on the coordination with other departments to assist in yearly planning. True or False.

Answer 5

TRUE

Question 6

An audit performed by an independent 3rd party of our financial statements is required as part of the agreement between Apex and Frost Bank. True or False.

Answer 6

TRUE

Question 7

Which of the following is a report/financial statement that is prepared monthly?

A. Income Statement
B. Ops Summary
C. Balance Sheet
D. All of the above

Answer 7

D. All of the above

Question 8

Which of the following is M4 not used for?

A. Wire
B. ACH
C. Credit Cards

Answer 8

C. Credit Cards