GFEBS L210E Financials Process Overview UPDATED ACTUAL Exam Questions and CORRECT Answers

GFEBS L210E Financials Process Overview
UPDATED ACTUAL Exam Questions and
CORRECT Answers
a jv is created when it is necessary to - CORRECT ANSWER - request adjustment of
accounting entries
transfer funds from one gl account to another


Reconciling the Army's cash account with the U.S. Treasury is a critical aspect of maintaining
the Army's General Fund GL and fund balance with the U.S. Treasury - CORRECT
ANSWER - true


Which of the options below provides a uniform COA and technical guidance to be used in
standardizing federal agency accounting? - CORRECT ANSWER - USSGL
None of the above


Activities involved in the Year-End Close sub-process of FI include - CORRECT
ANSWER - all of the above


What organization passes down the business rules for executing the year-end close tasks? These
business rules include policies and cut-off dates - CORRECT ANSWER - HQDA


Which of the following documents are closed out at the end of the year? - CORRECT
ANSWER - all PRs, POs, Open payables w/expiring and canceling funds


The United States Treasury is one of the key financial organizations interacting with GFEBS by
serving as the central bank for all government agencies. - CORRECT ANSWER - true



What system does GFEBS utilize for accounting? - CORRECT ANSWER - the USSGL
accounting numbering system