GFEBS L210E Financials Process Overview Correctly Solved 2023.

GFEBS L210E Financials Process Overview Correctly Solved 2023.a jv is created when it is necessary to - 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 - ANSWER true Which of the options below provides a uniform COA and technical guidance to be used in standardizing federal agency accounting? - ANSWER USSGL None of the above Activities involved in the Year-End Close sub-process of FI include - 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 - ANSWER HQDA Which of the following documents are closed out at the end of the year? - 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. - ANSWER true What system does GFEBS utilize for accounting? - ANSWER the USSGL accounting numbering system To correct the error of the disbursement/collection belonging to GFEBS, GFEBS will match the disbursement/collection with the correct GFEBS invoice or billing document and perform an internal adjustment, and DCAS will process a 1081 reversal with the U.S. Treasury and GFEBS. - ANSWER true GFEBS reconciles the collections and expenditures process through the DCAS on a daily basis. - ANSWER true FI is responsible for opening and closing posting periods based upon standing business rules. The following periods are maintained in GFEBS: - ANSWER all of the above To prepare a JV manually in GFEBS, you must simply enter journal header information. - ANSWER false