GFEBS L410E Introduction to Financials Complete 2023

What is a reason code - Answer A numerical code that corresponds to the valid reasons for posting a JV Which organization serves as the Army's central bank - Answer U.S. Treasury Which of the following is/are source system(s) that use legacy Lines of Accounting (LOA) data that are converted into GFEBS Line of Accounting data? - Answer Both: STANFINS and SOMARDS are both source systems that use legacy Lines of Accounting (LOA) data that are converted into GFEBS Line of Accounting data Which Trial Balance is sent via interface to the DDRS? - Answer The Trial Balance w/defense reporting elements Which of the following is responsible for generating the Army's external financial statements and reports at the end of each period based on the trial balance it receives via interface from GFEBS? - Answer The Financial Reviewer Defense Departmental Reporting System (DDRS) Which of the following is the sub-process that takes data posted to the General Ledger and stores it in a way that allows management to analyze costs from - Answer Cost Management (CM) takes financial data posted to the General Ledger and stores it in a way that makes it useful for management. CM facilitates internal management accounting functions, whereas the FI module is more concerned with recording financial data for external reporting purposes