GGST GGST - Global General Service UN Administrative Procedures 3

Question 1

Which UN financial rule governs the use of petty cash?

Accepted Answer

The Imprest Account Procedures

Answer

Imprest Account Procedures govern the establishment and use of petty cash funds for small, routine expenditures at UN offices.

Question 2

In UN finance, what is a 'General Ledger' (GL) used for?

Accepted Answer

Tracking all financial transactions of the organization

Answer

A General Ledger is the master record of all financial transactions, used to prepare financial statements and monitor budgets.

Question 3

What is the purpose of a 'Budget Allotment' in UN financial management?

Accepted Answer

Authorizing a unit to incur expenditures up to a specified amount

Answer

A Budget Allotment authorizes a programme manager to commit and spend funds up to the allotted amount for specific purposes.

Question 4

What document is typically raised to initiate a purchase of goods or services in the UN system?

Accepted Answer

A Purchase Order (PO)

Answer

A Purchase Order is a formal document issued to a vendor to authorize the supply of specified goods or services at an agreed price.

Question 5

What is the main function of an internal audit unit within a UN organization?

Accepted Answer

To provide independent assurance that controls and processes are effective

Answer

An internal audit unit independently evaluates whether risk management, governance, and internal controls are functioning effectively.

GGST - Global General Service Test Practice Test