GFEBS L410E Introduction to Financials Exam Questions With Correct Answers.

GFEBS L410E Introduction to Financials
Exam Questions With Correct Answers

What |is |a |reason |code |- |CORRECT |ANSWER✔✔-A |numerical |code |that |corresponds |to |the |
valid |reasons |for |posting |a |JV



Which |organization |serves |as |the |Army's |central |bank |- |CORRECT |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? |- |CORRECT |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? |- |CORRECT |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? |- |CORRECT |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 |- |CORRECT |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