GFEBS Reimbursable Questions and Answers

GFEBS Reimbursable Questions and Answers fee that the us treasury adds to debt it collects is based on which of the following *age of debt often is the interest calculation program sheduled to run each day accordance with intallment plan guidelines unless an exception os granted, installment plans may not exceed what length of time 36 process whereby federal agencies refer delinquent debts to the us treaury for collection is called *cross servicing of the following is the term for minis collected to recover the us tresury borrowing cots *interest report is used to inform federal decision makers of the gross book value of the receivables owed to federal agencies *tresury report is responsilb efor the posting of doubtful recievables to a separate account in the general ledger debt allowance a status that identifies a recevable as written off and indicates that collection activities cannot continue closed out 10. penalties are assessed on the portion of a debt remaining deliquent for more than days *90 is required by the us treasury to be used as the interest reate vv delinquent dbet which of the following is the oldest debt category 8 *10 delinquent debts are categorized as assets current and non-current 5.a debt is classified as currently not collectable when the net value of the debt is equal to less than 25 the contex of gfebs debt managment cnc stands for collection of negotiated of the following types of debt are exempt from interest fee penalties *contractor debt federal agency 16.a summary of the collection received by the us treasury for debts referrred by gfebs is processed by which system -*fpps ipac of the fllowing are assessed to cover the added coasts incurred in handling a debt beyon the date on which payment was due fines *fees of the following statements is true concerning reason codes for debts *reason status codes indicate the state of the debt is responsible for pring the deman letter billing form for the debt on day 31 *defense agency document printing servives office that ater closed out are reported to the irs on 1099 if the dollar amout is *equal to or greater than 600 *******16.The -- is a centrally managed debt system that tracks all delinquent, individual, outof servise debts that have been referred to the debt and claims managment office at DFAS chcs *ddms 15.All of the following except--are methods for sales order billing *creative billing 20.a performer and customer want to enter into a reimburseable agreement. what givs the performer legal authroity o accept reimbursable work? *fad 10.In accordance with the reimbursables process, who agress to reimburse the prerformin entity all expenses incurred as a reslult of proviting entity and expeses incuured as a resul of provideing the goods and spervices *requesing enity regards to work execution for sales orders what activities can be posted to a billable cost object for projects via labor posting, activity allocations, cost settlements ect post goods issue post activity confirmation *bill using resoure does the costomer data reporter route info back to if errors are cound *masterdata contoller is responsible for communicating the need for updates aesip and resubmitted inot gfebs order procesor *interface