GFEBS L410E UPDATED ACTUAL Exam
Questions and 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? - CORRECT ANSWER - 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. - CORRECT ANSWER - False
Which of the following is not one of the files sent from DCAS to GFEBS on a daily basis? -
CORRECT ANSWER - 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. - CORRECT ANSWER - 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? - CORRECT ANSWER -
Cost Management Spending Chain
A Journal Voucher is a document that is most often prepared for the _________ and
___________ processes. - CORRECT ANSWER - 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. - CORRECT ANSWER - True
Which of the following are Year-End Close Preparation Activities? - CORRECT
ANSWER - All of the above
Questions and 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? - CORRECT ANSWER - 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. - CORRECT ANSWER - False
Which of the following is not one of the files sent from DCAS to GFEBS on a daily basis? -
CORRECT ANSWER - 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. - CORRECT ANSWER - 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? - CORRECT ANSWER -
Cost Management Spending Chain
A Journal Voucher is a document that is most often prepared for the _________ and
___________ processes. - CORRECT ANSWER - 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. - CORRECT ANSWER - True
Which of the following are Year-End Close Preparation Activities? - CORRECT
ANSWER - All of the above
