GFEBS L412E Journal Entries Processing and Approval UPDATED ACTUAL Exam Questions and CORRECT Answers

GFEBS L412E Journal Entries Processing
and Approval UPDATED ACTUAL Exam
Questions and CORRECT Answers
A JV may be needed when the duly-authorized official has identified errors through analysis,
reasonableness checks, or quality control procedures. Which of the following supporting
documentation is needed for this type of JV? - CORRECT ANSWER -C


In which instance(s) would the Journal Voucher Approver reject a JV? - CORRECT
ANSWER -C


A JV can be parked during input if completion is delayed or if additional information is required
before you can complete the document. - CORRECT ANSWER -A


Before a JV can be routed to the Journal Voucher Processor, it must be approved by the Journal
Voucher Reviewer. - CORRECT ANSWER - FALSE


Which is a document prepared to request the adjustment of accounting entries, which have a
direct impact on General Ledger balances? - CORRECT ANSWER -B


If there are insufficient funds for the adjustments, no error notifications are sent. - CORRECT
ANSWER - FALSE


A document date is the date on which the original document was issued and the date on which
the document is posted/saved to the system. - CORRECT ANSWER -A


A JV process provides more control over posting JVs and reduces the frequency and types of
transactions that will need to be adjusted and corrected during periodic processing. - CORRECT
ANSWER -A