GFEBS L410E EXAM 2023 WITH CORRECT ANSWERS

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? Both STANFINS and SOMARDS The Year-End Close process closes the books, clears outstanding items, returns unused appropriations to the Treasury, and provides the data necessary for future budgeting and appropriation purposes. False Which of the following is not one of the files sent from DCAS to GFEBS on a daily basis? The 1081 Correction File The Period-End Closing Process is a set of activities carried out at the end of a period to close/open posting periods and ensure that the Army's General Fund General Ledger accurately reflects the financial status of the Army. True Users from which business process area can submit a request to the General Ledger Master Data Approver to create, modify, or block a General Ledger account? Cost Management Spending Chain A Journal Voucher is a document that is most often prepared for the _________ and ___________ processes. Period-End Close, Year-End Close The Journal Voucher Upload Program is typically used to upload a large number of Journal Vouchers with multiple line items. True Which of the following are Year-End Close Preparation Activities? All of the above 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 an internal perspective? Cost Management