NNPCL Finance and Accounts

Which of the following taxes is NOT covered in the Tax and Other Statutory Remittances policy of NNPC Limited and its subsidiaries?

What is one of the objectives of the Tax and Other Statutory Remittances policy of NNPC Limited?

Which of the following is NOT a sub-process covered in the Tax and Other Statutory Remittances policy of NNPC Limited?

Which tax is levied on the income of companies engaged in upstream petroleum operations?

When should the estimated tax returns be filed for NNPC Limited?

What are the rates for Petroleum Profits Tax (PPT) for non-PSC operations in their first 5 years?

Which tax is applicable to companies engaged in upstream petroleum operations in the onshore and shallow water?

Which department is responsible for all taxation related matters for NNPC Limited and its subsidiaries?

Who is primarily responsible for monitoring and ensuring tax compliance of their business units?

What is the role of the NNPC Limited Tax Department?

What is the purpose of the annual corporate tax plan prepared by NNPC Limited and its subsidiaries?

Which department is responsible for reviewing all tax returns before they are filed with the tax authority?

When are business units involved in upstream operations required to file their tax returns?

What happens if the actual PPT/HCT liability is higher than the estimated PPT/HCT?

Who is responsible for maintaining records and supporting documentation for tax payments?

Which one of the following statements about royalty rates for crude oil and condensates production is correct?

Which one of the following statements about royalty calculation for fields located partially in onshore and in shallow water or partially in shallow water and deep offshore areas is correct?

Which one of the following statements about royalty rates for natural gas and natural gas liquids production is correct?

Which one of the following statements about Companies Income Tax (CIT) is correct?

Which one of the following statements about the National Housing Development Fund is correct?

Which one of the following is true about the Industrial Training Fund (ITF) levy?

Which one of the following is correct about the Nigerian Oil and Gas Industry Content Development Act?

Which one of the following is true about the Nigerian Police Trust Fund Levy?

Which of the following is NOT a chargeable asset for Capital Gains Tax (CGT)?

According to the text, when should payroll deductions for Pay-As-You-Earn (PAYE) be based on?

What is the due date for remitting Withholding Tax (WHT) deducted from companies?

What is the applicable rate of Value Added Tax (VAT) according to the text?

Which one of the following is true about the selection and maintenance of banking relationships by NNPC Limited and its Subsidiaries?

Which one of the following is covered by NNPC Limited's Banking Counterparty Selection and Credit Acceptance Policy?

Which one of the following is NOT a requirement for a financial institution to qualify for a relationship with NNPC Limited and its Subsidiaries?

Which department is responsible for evaluating the creditworthiness of Relationship Banks?

When can bank accounts be evaluated for closure?

What happens if a Relationship Bank no longer meets the minimum requirement for banking relationship?

What measures are taken to minimize exposure to a Relationship Bank on the 'Watch List'?

Which of the following financial instruments is NOT accepted by NNPC Limited and its Subsidiaries?

What is the maximum exposure to a single financial institution that NNPC Limited and its Subsidiaries allow?

What is the maximum exposure to an onshore financial institution for short-dated credit acceptances only in US Dollar equivalent?

Who is responsible for providing oversight of the templates and terms and conditions of financial instruments received by NNPC Limited and its Subsidiaries?

Which rating denotes the highest expectation of default risk relative to all other issuers or obligations in the same country or monetary union?

Which rating scale is designed to help local investors differentiate risk in a particular market?

Which rating threshold must offshore banks meet to qualify for the category of 'Current & Deposit Accounts' relationship with NNPC?

What are the three risk levels into which NPC banking relationships are categorized?

Which of the following is the objective of the NNPC Limited Finance and Accounts Process and Procedures for Production Sharing Contracts (PSC) and Service Contracts (SC)?

What is the scope of the NNPC Limited Finance and Accounts Process and Procedures for PSC and SC?

What is the purpose of the Management Committee (MACOM) established for PSC and SC operations?

Which committee is responsible for reviewing the consolidated annual performance of SUBCOMs and endorsing it to MACOM for consideration and approval?

Who is responsible for identifying policy gaps and documentation for update of the detailed policies and procedures involved in Financial Reporting?

What happens if MACOM is unable to ratify and approve the report/recommendation of the cost verification team within the stipulated time frame?

What is the role of the Technical Committee (TECOM) in the monitoring and reporting process?

Which committee is responsible for the review and recommendation of the consolidated draft budget for MACOM consideration and approval?

Who is responsible for ensuring that uploaded budgets in the accounting system are accurate and reflect the substance of approval by MACOM?

When should the Contractor prepare and submit a Work Program and Budget for the approval of the MACOM?

What is the responsibility of the MACOM in relation to the decisions of the Management Committee?

Which division is responsible for preparing the operational and financial performance reports on a monthly basis?

How often are performance reviews conducted to ensure alignment with the approved work programme and budget?

Which committee is responsible for reviewing and endorsing the consolidated annual performance of the SUBCOM and endorsing it to OPCOM for consideration and approval?

Who is authorized to grant exceptions to the application of the accounting policy on joint venture arrangements?

Which one of the following is a key objective of the NNPC Limited Finance and Accounts Process and Procedures for Joint Interest Management?

What is the purpose of the Joint Operating Agreement (JOA) in joint venture arrangements?

Which one of the following is NOT covered under the scope of the NNPC Limited Finance and Accounts Process and Procedures for Joint Interest Management?

Which committee is responsible for the review and recommendation of the consolidated draft budget for OPCOM consideration and approval?

What is the responsibility of the MACOM in relation to the decisions of the Management Committee?

What is the role of the NNPC Limited Tax Department?

Who is responsible for ensuring that uploaded budgets in the accounting system are accurate and reflect the substance of approval by OPCOM and subsequent releases of the budget?

Which of the following is NOT a sub-process covered in the NNPC Limited Finance and Accounts Process and Procedures for Joint Interest Management?

What is the objective of the NNPC Limited Finance and Accounts Process and Procedures for Joint Interest Management?

What shall serve as a reference point for each party's rights and obligations to the assets and liabilities of the joint interest arrangements?

Which division is responsible for ensuring proper accounting records are kept in accordance with the Joint Operating Agreement?

What documents may be required in the review of the Annual Performance Report?

On what basis does the Finance Division evaluate its financial performance alongside the budget estimates?

What information should the monthly returns and billing statement contain?

Which committee is responsible for providing strategic direction and control of all matters pertaining to the joint operations?

Who is responsible for preparing the monthly cash call requests based on the approved work program and budget?

Which committee conducts a detailed budget review session(s) to challenge and agree the budget estimates/assumptions?

Who is responsible for ensuring that uploaded budgets in the accounting system are accurate and reflect the substance of approval by OPCOM and subsequent releases of the budget?

Which of the following statements about cash call requests is correct?

What is included in the standard template for cash call requests?

When should cash call requests be forwarded to the JV partners for review and approval?

What is the purpose of the joint venture partner's concurrence for contracts?

According to the NNPC Limited Finance and Accounts Process and Procedures, who is responsible for identifying an entity that holds the currency required by the requesting Subsidiary?

In compliance with the transfer pricing arms-length principle, what exchange rate should be used for intercompany currency conversions between NNPC entities?

According to the guidelines on foreign currency sale by NNPC Limited, who shall review the proposal for foreign currency sale and recommend it to the CFO for consideration and approval?

What is the responsibility of the Treasury Division of NNPC Limited in relation to the sale of foreign exchange by NNPC Limited and its Subsidiaries?

Which one of the following is NOT a category of foreign exchange exposure mentioned in the text?

Who is responsible for developing and maintaining market contacts to stay aware of market conditions affecting corporate exposures?

Which one of the following is NOT an example of a foreign exchange hedge instrument mentioned in the text?

Who is responsible for determining the currency split in contracts and procurement agreements?

Which of the following is NOT one of the objectives of the Foreign Exchange Management policy of NNPC Limited and its Subsidiaries?

According to the text, which of the following is NOT a source of foreign exchange for NNPC Limited?

According to the text, what is the main purpose of the Foreign Exchange Exposure Management policy of NNPC Limited and its Subsidiaries?

Which International Financial Reporting Standard (IFRS) requires the disclosure of the Group's financial risk management objectives and policies?

Which IFRS establishes principles for reporting on financial instruments that will present information for their assessment of the amounts, timing, and uncertainty of an NNPC Limited's future cash flow?

Which reference(s) should be implemented in compliance with the Central Bank of Nigeria's foreign exchange policies in place at the date of each transaction occurrence?

Which one of the following is true about the repayment of loans by NNPC Limited and its Subsidiaries?

Which one of the following is true about the payment of suppliers by NNPC Limited and its Subsidiaries?

Which one of the following is true about intercompany and affiliate sales conducted by NNPC Limited and its Subsidiaries?

Which one of the following is true about the denomination of contracts and procurement agreements by NNPC Limited and its Subsidiaries?

Which one of the following is NOT covered by the Dividends Policy of NNPC Limited?

What is the minimum percentage of profits that NNPC Limited must retain as retained earnings according to the Dividends Policy?

How often does NNPC Limited declare dividends according to the Dividends Policy?

Which of the following principles guides the distribution of profits by NNPC Limited to its shareholders?

When are dividends paid by NNPC Limited and its wholly owned subsidiaries?

How are dividends paid to the shareholders of NNPC Limited?

How are dividends accounted for in the financial statements of NNPC Limited and its subsidiaries?

Which type of shares is entitled to dividends as recommended by the Board of Directors and approved by the Shareholders?

When are proposals to declare interim dividends considered and approved for NNPC Limited?

What is the maximum percentage of distributable profits that can be declared as final dividends for a financial year by NNPC Limited?

Which of the following statements is true about dividend declaration by wholly owned Subsidiaries of NNPC Limited?

Which one of the following is NOT covered by the Surplus Funds and Investment Management policy of NNPC Limited and its Subsidiaries?

According to the Surplus Funds and Investment Management policy, where can NNPC Limited and its Subsidiaries invest surplus funds?

What benchmark should be used for determining the interest rate on Nigerian Naira credit balances according to the Surplus Funds and Investment Management policy?

Which of the following is NOT an offshore investment option available to NNPC Limited and its Subsidiaries?

What is the maximum term deposit period allowed for onshore investments in Naira funds by NNPC Limited and its Subsidiaries?

Who is responsible for initiating proposals for investment in money market instruments and liquidations therefrom for NNPC Limited?

What is the central philosophy of investment risk management for NNPC Limited and its Subsidiaries?

What are the key considerations for investing surplus funds by NNPC Limited and its Subsidiaries?

What is the maximum maturity date for instruments in which NNPC Limited can invest surplus funds?

Who is responsible for ensuring an appropriate mix of instruments and portfolio of investments for NNPC Limited and its Subsidiaries?

What is the purpose of the annual investment plan developed by NNPC Limited and its Subsidiaries?

Which one of the following is NOT included in the monthly investment report provided by the Treasury Division to the CFO and the CEO?

Who has overall responsibility for providing oversight on investment management for NNPC Limited and its Subsidiaries?

What is the role of the Governance, Risk and Compliance (GRC) team in relation to the Policy on Investment Management?

Which one of the following is NOT a responsibility of the Treasurer of NNPC Limited and Heads of Finance of the respective Subsidiaries in case of a breach of regulatory requirements and/or limits?

According to the NNPC Limited Finance and Accounts Process and Procedures, who must approve intercompany loan decisions?

What factors must be considered when pricing the interest rates of intercompany loans?

What is the maximum tenure of intercompany loans according to the NNPC Limited Finance and Accounts Process and Procedures?

What is the maximum cumulative amount of intercompany loan a lending entity can provide based on its Shareholders' funds?

According to the NNPC Limited Finance and Accounts Process and Procedures, who is responsible for monitoring the utilization of loan proceeds and ensuring compliance with repayment terms?

Which department is responsible for reviewing and supporting the Loan Agreement between the lending and borrowing parties?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the purpose of the monthly fund utilization report submitted by the Head, Finance and Accounts of the borrowing entity?

Who is responsible for assessing the impairment of intercompany loans at year end?

According to the Intercompany Loan Policy Statement, when would NNPC Limited consider security-free intercompany loans as the first option?

According to the Intercompany Loan Policy Statement, when would third-party loans be considered for loan tenures not exceeding five (5) years?

According to the Intercompany Loan Policy Statement, what must intercompany loans comply with in terms of interest rates and other commercial terms?

Which one of the following is an example of a prepaid expense according to the text?

According to the text, what information should be included in the prepayment amortization/recovery schedule?

According to the text, when should bank accounts be reconciled?

According to the text, what should be indicated on all bank reconciliation statements?

Which financial reporting objective ensures that financial records are updated accurately and in a timely manner?

What does the policy of NNPC Limited and its subsidiaries require in terms of financial reports?

Which financial reporting standard should the financial reports of NNPC Limited and its subsidiaries conform to?

According to the text, when should expenses be recognized in the financial statements?

Who is responsible for approving requests to create or amend the Chart of Accounts?

What is the purpose of the accrual schedule prepared on each period-end cut-off date?

What is the minimum amount of expenses that should be treated as prepaid expenses in the financial records?

Which one of the following is NOT a responsibility of the CFO/Head, Finance & Accounts according to the NNPC Limited Finance and Accounts Process and Procedures?

When should the annual external audit of NNPC Limited and its subsidiaries' financial statements be completed?

Who is responsible for presenting the separate and consolidated financial report to the Board according to the NNPC Limited Finance and Accounts Process and Procedures?

Which department is responsible for the reconciliation of intercompany transactions at NNPC Limited and its subsidiaries?

When should intercompany reconciliation reports be finalised and approved by the Finance departments of the respective business units?

How many working days do the finance departments have to liaise and regularise outstanding reconciling items?

What is the cut-off date for entry of financial transactions into the financial system after month end?

According to the NNPC Limited Finance and Accounts Process and Procedures, how many vendors must submit bids for a project before it is assigned to a specific contractor?

Who is responsible for setting up a Project Management Team (PMT) at the inception of a project?

Which department is responsible for tracking projects and supervising the capitalization of completed AUCs?

What is the maximum allowable percentage for project advance payments?

According to the NNPC Limited Finance and Accounts Process and Procedures, who is responsible for estimating the budget required to complete project activities?

What documents are required to be obtained by the Project Accountant at every milestone payment?

What is the minimum information that the financial performance report should contain?

What is the purpose of the 'As-Built' documents in project closure?

Which of the following is NOT an objective of the Project Accounting processes according to the NNPC Limited Finance and Accounts Process and Procedures?

What are the sub-processes covered under Project Accounting according to the NNPC Limited Finance and Accounts Process and Procedures?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the policy statement regarding capital projects?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the objective of inventory management?

According to the NNPC Limited Finance and Accounts Process and Procedures, how often should inventory count and reconciliation be conducted?

According to the NNPC Limited Finance and Accounts Process and Procedures, how should inventory items be issued from the stores?

Which of the following statements about the disposal of inventory is true according to the text?

Who is authorized to grant exceptions to the application of the policy mentioned in the text?

Which document is mentioned as an integral part of the NNPC Limited Finance and Accounts Policy Manual?

According to the NNPC Limited Finance and Accounts Process and Procedures, who is responsible for investigating and resolving discrepancies noted during inventory verifications?

When should quarterly inventory counts commence according to the NNPC Limited Finance and Accounts Process and Procedures?

According to the NNPC Limited Finance and Accounts Process and Procedures, who approves write-offs on inventory variances?

What method is used for inventory verification according to the NNPC Limited Finance and Accounts Process and Procedures?

According to the NNPC Limited Finance and Accounts Process and Procedures, who is responsible for approving requests to transfer and/or dispose inventory items?

In the NNPC Limited Finance and Accounts Process and Procedures, who is responsible for validating orders received into the store and confirming that materials supplied meet specific technical requirements?

According to the NNPC Limited Finance and Accounts Process and Procedures, how long should the inspection of supplies be conducted after delivery?

What is the basis for inventory issuance from the stores according to the NNPC Limited Finance and Accounts Process and Procedures?

Which of the following is NOT one of the objectives of the Property, Plant and Equipment Management policy of NNPC Limited?

What are the sub-processes covered under PP&E management according to the text?

According to the Property, Plant and Equipment Policy Statements, what is the capitalization and depreciation requirement for amounts expended on Property, Plant and Equipment?

According to the NNPC Limited Finance and Accounts Process and Procedures, when should the tagging of assets be done?

According to the NNPC Limited Finance and Accounts Process and Procedures, how should assets be tagged if there are multiple quantities of the same asset?

According to the NNPC Limited Finance and Accounts Process and Procedures, what should be done if a tag on a fixed asset is missing, worn out, damaged or requires replacement?

According to the NNPC Limited Finance and Accounts Process and Procedures, when should the verification exercise of assets be performed?

Which department is responsible for assessing the disposals proposed by the user departments and coordinating the disposal of approved PP&E items?

What is the minimum number of Committee members required to constitute a quorum for the Assets Disposal Committee (ADC)?

When should recommendations for replacement or disposal of movable assets, which have not been fully depreciated, originate from?

How should the disposal price for PP&E be determined?

According to the NNPC Limited Finance and Accounts Process and Procedures, when is an item of PP&E deemed to be impaired?

According to the NNPC Limited Finance and Accounts Process and Procedures, what are the conditions for an asset to be deemed impaired?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the net book value at which assets are transferred?

According to the NNPC Limited Finance and Accounts Process and Procedures, who approves the asset transfer form?

Which one of the following is true about the capitalisation threshold for property, plant & equipment (PP&E) according to the NNPC Limited Finance and Accounts Process and Procedures?

Which one of the following is NOT a component that should be capitalised if it exceeds the capitalisation threshold for PP&E?

Which one of the following is true about the initial recognition of acquired assets according to the NNPC Limited Finance and Accounts Process and Procedures?

Which one of the following is true about the reporting of property, plant & equipment (PP&E) after initial recognition according to the NNPC Limited Finance and Accounts Process and Procedures?

Which department is responsible for overseeing the tagging of all physical assets according to the NNPC Limited Finance and Accounts Process and Procedures?

When should assets be tagged according to the NNPC Limited Finance and Accounts Process and Procedures?

What should be done if a tag on a fixed asset is missing, worn out, damaged or requires replacement according to the NNPC Limited Finance and Accounts Process and Procedures?

How often should the verification exercise of assets be performed according to the NNPC Limited Finance and Accounts Process and Procedures?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the capitalisation threshold for moveable and non-moveable assets?

According to the NNPC Limited Finance and Accounts Process and Procedures, which assets shall be initially recognised at cost?

According to the NNPC Limited Finance and Accounts Process and Procedures, how should subsequent expenditure on an asset be treated?

According to the NNPC Limited Finance and Accounts Process and Procedures, what information should be tracked in the PP&E register?

Which of the following is NOT one of the objectives of the Property Plant and Equipment (PP&E) Management policy of NNPC Limited?

What is one of the sub-processes covered under PP&E management according to the NNPC Limited Finance and Accounts Process and Procedures?

According to the Property Plant and Equipment (PP&E) Policy Statements of NNPC Limited, what is the requirement for capitalizing and depreciating amounts expended on PP&E?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the minimum percentage of Committee members required to constitute a quorum for the Assets Disposal Committee (ADC)?

According to the NNPC Limited Finance and Accounts Process and Procedures, when should an asset be considered for disposal?

According to the NNPC Limited Finance and Accounts Process and Procedures, what shall serve as the basis for derecognizing an asset from the General Ledger (GL)?

According to the NNPC Limited Finance and Accounts Process and Procedures, how should the disposal price for Property, Plant and Equipment (PP&E) be determined?

According to the NNPC Limited Finance and Accounts Process and Procedures, when is an item of PP&E deemed to be impaired?

What conditions must be met for an item of PP&E to be deemed impaired according to the NNPC Limited Finance and Accounts Process and Procedures?

What is the process for transferring assets within NNPC Limited and its Subsidiaries?

How are assets transferred within NNPC Limited and its Subsidiaries valued?

According to the NNPC Limited Finance and Accounts Process and Procedures, who is responsible for approving imprest funds for NNPC Limited?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the purpose of the imprest funds?

According to the NNPC Limited Finance and Accounts Process and Procedures, what should imprest funds NOT be utilized for?

Which department is responsible for performing a biennial review of the execution of the Compliance Governance, Risk and Compliance (GRC) Policy for compliance?

Who is authorized to grant exceptions to the application of the Compliance Governance, Risk and Compliance (GRC) Policy?

Which policy is complemented by the Compliance Governance, Risk and Compliance (GRC) Policy?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the maximum amount that the P-card shall be funded at the beginning of each month?

According to the NNPC Limited Finance and Accounts Process and Procedures, who is responsible for approving requests for Imprest requisition?

According to the NNPC Limited Finance and Accounts Process and Procedures, who should the custodian of the P-card ensure has given approval before releasing the card for any transaction to members of staff?

According to the NNPC Limited Finance and Accounts Process and Procedures, what should the custodian of the P-card do before handing over to the deputising custodian?

Which of the following is NOT a objective of the Trade Credit and Accounts Receivable policy?

According to the Trade Credit and Accounts Receivable policy, which of the following is covered by the policy?

According to the policy, under what criteria can NNPC Limited and its subsidiaries sell on credit to Long-Term Customers or Spot Customers?

Which of the following statements is true regarding the NNPC Limited Finance and Accounts Process and Procedures?

Who is responsible for performing a biennial review of the execution of the NNPC Limited Finance and Accounts Policy for compliance?

Which document complements the NNPC Limited Finance and Accounts Policy Manual?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the purpose of the monthly report on trade receivables?

According to the NNPC Limited Finance and Accounts Process and Procedures, how often should outstanding receivables be reconciled to the general ledger?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the purpose of the aging schedule for each customer?

According to the NNPC Limited Finance and Accounts Process and Procedures, when should the accounts receivables balances be subjected to impairment test?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the penalty interest rate for default on Naira payments?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the penalty interest rate for default on USD payments?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the purpose of down payments from customers?

According to the NNPC Limited Finance and Accounts Process and Procedures, what are credit notes used for?

According to the NNPC Limited Finance and Accounts Process and Procedures, what criteria are used to evaluate the credit worthiness of customers?

Who approves the credit limits for NNPC Limited and its wholly owned Subsidiaries?

When should new orders not be fulfilled for customers?

What is the purpose of obtaining Letters of Credit (LCs) or Bank Guarantees (BGs) from banks?

Which of the following is NOT a requirement regarding the communication of an outstanding debt being written off?

According to the NNPC Limited Finance and Accounts Process and Procedures, who is authorized to grant exceptions to the application of the policy?

Which document is mentioned as complementing the NNPC Limited Finance and Accounts Policy Manual?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the purpose of the Trade Credit and Accounts Receivable Policy?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the scope of the Trade Credit and Accounts Receivable Policy?

According to the NNPC Limited Finance and Accounts Process and Procedures, what criteria must be met for NNPC Limited and its subsidiaries to sell on credit to Long-Term Customers or Spot Customers?

According to the NNPC Limited Finance and Accounts Process and Procedures, what penalty interest rate is charged on outstanding Naira payments from the date of default?

According to the NNPC Limited Finance and Accounts Process and Procedures, what penalty interest rate is charged on outstanding USD payments?

According to the NNPC Limited Finance and Accounts Process and Procedures, how soon should invoices be created and billed to the customer after products or services have been provided?

According to the NNPC Limited Finance and Accounts Process and Procedures, who is responsible for managing customers' down payment?

According to the NNPC Limited Finance and Accounts Process and Procedures, what criteria are used to evaluate the credit worthiness of customers?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the purpose of Letters of Credit (LCs) and Bank Guarantees (BGs)?

According to the NNPC Limited Finance and Accounts Process and Procedures, who approves the credit limits for wholly owned Subsidiaries?

According to the NNPC Limited Finance and Accounts Process and Procedures, when should new orders not be fulfilled for customers?

According to the NNPC Limited Finance and Accounts Process and Procedures, when should outstanding receivables be reconciled to the general ledger?

What is the purpose of the aging schedule generated by the Reconciliation Unit?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the standard aging bracket for accounts receivable?

What conditions must be satisfied before a debt is deemed irrecoverable according to the NNPC Limited Finance and Accounts Process and Procedures?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the annual budget period for NNPC Limited and its Subsidiaries?

According to the NNPC Limited Finance and Accounts Process and Procedures, what is the purpose of budget monitoring and reporting?

According to the NNPC Limited Finance and Accounts Process and Procedures, where should the annual budget of NNPC Limited and its Subsidiaries reflect?

According to the NNPC Limited Finance and Accounts Process and Procedures, how often should budget revisions be performed?

According to the NNPC Limited Finance and Accounts Process and Procedures, who is responsible for reporting actual performance against their approved budgets on a monthly basis?

According to the NNPC Limited Finance and Accounts Process and Procedures, what should be done with unutilized budgeted funds for a specified period?

According to the NNPC Limited Finance and Accounts Process and Procedures, how should outstanding receivables be reconciled to the general ledger?

According to the NNPC Limited Finance and Accounts Process and Procedures, when should the annual budget preparation process commence?

According to the NNPC Limited Finance and Accounts Process and Procedures, what are the three sections into which the annual budget is divided?

According to the NNPC Limited Finance and Accounts Process and Procedures, who is responsible for presenting the budget to the Senior Management Team for deliberations?

According to the NNPC Limited Finance and Accounts Process and Procedures, who is responsible for consolidating all budgets from the various budget centers into a single budget for each subsidiary/business unit?