Acronyms
FAST is an Acronym for this
Fiduciary Accountings Submission Tool
_______ is now the standard form for Direct Deposit
SF1199A
We will also accept a voided check
The first mass produced automatic transmission was the:
General Motors Hydramatic four-speed hydraulic automatic
Anytime you’re clearing an accounting EP, you must also update the beneficiary profile with the appropriate _____ and _______.
What is FUM and Diary Information
How many apples grow on a tree?
All of them
VBMS is the Acronym for this which is where you can located an EP which stands for this. (2 answers)
What is Veteran Benefit Management & System End Product
A retro will be released when this sequence of events happens
What is: when the EP590 has been validated, and a fid has been appointed
DAILY DOUBLE: Accountings are required when a VA-appointed fiduciary receives benefit payments on behalf of a beneficiary and ANY of the 6 conditions apply. (you must name all 6)
-The amount of VA FUM for the beneficiary exceeds $10,000.
-The fiduciary deducts a VA-authorized fee,
-The beneficiary receives VA benefits at a rate equal to or exceeding the amount paid for a 100 percent disability rating
-Upon the death of a beneficiary who dies without a valid will and without heirs, whose VA FUM would be forfeited to a State and must be returned to VA through the escheat statute.
-The fiduciary is appointed as a temporary fiduciary.
-Minor beneficiary receives a one-time insurance payment and the funds will be immediately consumed.
Name the biggest island of the World
Greenland
Which NFL team has a plant for a logo?
New Orleans Saints' Fleur-de-lis which is a stylized lily
NOK is the Acronym for this
Next of Kin
Where can you locate the accounting Approval/Disapproval letter?
What is VBMS CORE
Mount Everest is a part of which mountainous range?
The Himalayas
Name the 3 steps to take when an accounting cannot be approved, during the first audit:
Phone call, documented on 0820
Disapproval letter, uploaded and mailed in VBMS
Update the suspense date for 19 days (14 days plus 5 for mailing)
Who is responsible for downloading documents from FAST into VBMS?
The employee auditing the Accounting
PTA is the acronym for this? Name one location you can verify a PTA.
What is Properly Titled Account - SHARE
Where can you confirm that a letter was mailed in VBMS?
What is package manager
Fiduciaries are exempt from the fund usage review submission requirement if they meet one of these 5 things:
1.) Fiduciaries who are required to submit an annual accounting
2.) Spouse Fiduciaries
3.) fiduciary who is the chief officer of a Federal institution
4.) fiduciary who is the chief officer of a non-VA facility receiving benefits for a beneficiary residing in the facility
5.) fiduciary and beneficiary reside in PR
When there are at least 2 phone call attempts and 2 letters mailed to the fiduciary of record in VBMS. Complete a 3537a that includes these 5 things:
a. all attempts to secure the accounting (e.g. notification letter dates and phone calls)
b. the accounting period under review, and
c. the accounting information that that would allow approval of the accounting.
d. Your signature
e. A request for the FE to determine if the fiduciary should remain in place, if the beneficiary is being taken care of, and if any misuse of VA funds is suspected
What is the national animal of Scotland?
A unicorn
SCUBA is an Acronym for?
Self Contained Underwater Breathing Apparatus
What two words were combined to make the word SPAM?
Spiced ham
After the first Fund usage review is completed, Fund Usage reviews must be submitted how often?
What is once every two years.
How many ghosts chase Pac-Man at the start of each game?
4
What EP is established when benefits needs suspended and where do you establish it?
What is 290 Fid-Fiduciary Adjustment and VBMS CORE