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Cost Management Process Area - Cost Management (CM) helps manage business operations efficiently and effectively through the accurate measurement and understanding of the "full cost" of an organization's business processes, products, and services. Cost Management allows the organization to provide the best value to customers. Financials - Now, let's look at the Financials (FI) business process area. In GFEBS, Financials relies on the execution of five key sub- processes (shown below) to...

_______ approves 1081 corrections to be sent to DCAS via the DCAS Outbound Interface. - The Payment Interface Processing Monitor A Journal Voucher is a document that is most often prepared for the _________ and ___________ processes. - Period-End Close, Year-End Close Financials is the business process area in GFEBS responsible for managing the General Ledger - True The Financials General Ledger business process area is vital to the GFEBS end-to-end process in that it - Tracks financial a...

Besides the tabs on the Create Material screen, what other means can you use to navigate from one view to another? - A - Drop Down Icon During the Material Procurement process, which step follows the manual process of submitting a parts request form? - D - Search for material by old material From the Create Vendor: Initial Screen, which action do you use to move on to the additional data screens? - A - Press Enter From the Select View(s) button, which view is likely to contain the industry...

A new piece of equipment is being installed. All Preventive Maintenance requirements need to be identified. Who will perform this task? - B After the demand maintenance work is completed, the Order Maintainer sets the work order to technically complete (TECO), automatically settling any cost posted to the order, and finally sets the order to “Business closed.” - TRUE Cost and repair history is collected in GFEBS for the facility and equipment on which maintenance work is execut...

A JV is created when it is necessary to - create a GL point request adjustment transer funds a jv is created when it is necessary to - request adjustment of accounting entries transfer funds from one gl account to another A JV is created when it is necessary to make a current period adjustment - true Activities involved in the Year-End Close sub-process of FI include - all of the above FI is responsible for opening and closing posting periods based upon standing business rules. The follo...

A BEx report consists of how many panels? - 1 *3 A BEx report that contains multiple data values must be separated by a comma - f A key benefit of using WebI reports is the ability to modify a standard report. This simple to use feature puts the power of creating customized user specific report in the hands of the user? - t BI roles for BEx are located on the GFEBS Portal Toolbar under the Business Intelligence tab - t In BEx reporting, if you do not enter or select a value for all required...

"U" for unfunded - This is sent to DOC via SPS, allowing them to do preliminary work in anticipation of a future award. The PR can be sent to SPS with no Line of Accounting or budgetary impact as indicated by the "U" in the Account Assignment field. Note in this case there is no Account Assignment tab that would contain the funding information. When funding does become available, you must update the Quantity and Total value to the amount which is partially available for funding. Account...

1. Drag the guidelines on the right to flowchart on the left to construct the Execution Budget Plan in BI Data Flow - a. Identify Funding Deltas b. Apply Deltas c. Determine Funding Distribution - Input Data d. Subordinates Develop Budget Plans 1. Drag the labels on the bottom to the correct areas of the flow chart to demonstrate your knowledge of the BI component of Funds Management - a. TOP Left: EFD Sends Control Amount b. TOP Right: PPB BOS Program Budget Guidance (PBG) c. GFEBS Crea...

*******16.The -- is a centrally managed debt system that tracks all delinquent, individual, outof servise debts that have been referred to the debt and claims managment office at DFAS - chcs *ddms is responsilb efor the posting of doubtful recievables to a separate account in the general ledger - debt allowance does the costomer data reporter route info back to if errors are cound - *masterdata contoller 10. penalties are assessed on the portion of a debt remaining deliquent for more th...

A Debt becomes delinquent when - Payment is not made (i.e., collection posted) by the due date or end of the "grace period." Payment is not made by the due date specified in the initial debt notice. The date of delinquency for a debt generated in an entitlement or revenue system is based upon the delivery or mailed date of the bill / invoice notice (e.g, a travel debt payment due date: is day 1, with a 30 day "grace period" for interest calculation). A: Adjustment Reason Status Codes -...

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A beneficiary has just received a claim payment for a life insurance policy. Which of the following is TRUE regarding the federal income tax liability owed? A flat tax of 10% is owed on all proceeds Federal income tax is owed if proceeds exceed $250,000 No federal income tax is owed on life insurance proceeds Tax liability owed depends on the type of life insurance policy - No federal income tax is owed on life insurance proceeds A business will typically use which type of life insurance ...

A comprehensive group policy also covers expenses related to vision care. Which of the following is not typically covered under a vision plan? - cataract surgery A false written or oral statement made by a producer for the purpose of replacing an existing policy to the detriment of the insured is - twisting A Fraternal Benefit Society has each of the following characteristics EXCEPT - exists for profit A Guaranteed Renewable provision allows - premiums which can only be increased per rate c...

A comprehensive major medical health insurance policy contains an Eligible Expenses provision which identifies the types of health care services that are covered. All of the following health care services are typically covered EXCEPT for Experimental and investigative services A deliberate lie by an insurer to obtain a lower premium is an example of Fraud A Guaranteed Renewable provision allows Premiums which can only be increased per rate class A health insurer MUST provide a proof of loss...

: According to the common law of agency, a licensee has which of the following obligations to an individual that prefers to remain a customer rather than become a client? - HONESTY AND FAIR DEALING "Without both parties' written consent, the broker is prohibited from representing both a seller and a buyer in the same transaction," defines: - DUAL AGENCY A asked you to appraise their property. This property had no monthly income and had no comparables in the market. You would most likely...

A beauty parlor burns to the ground. What type of loss is this to the owner? 1) consecutive 2) direct 3) consequential 4) specific - 2) direct A bond is written for a set limit, and the surety will be liable for only this amount of the limit. This limit is known as 1) penalty 2) face value 3) stated amount 4) limit of liability - 1) penalty A business owner has a building and personal property policy that covers a shed in which he stores extra parts. If he buys a second shed for the same pu...

80% - Standard co-insurance amount. Abandonment - The insured leaving the damaged property and demanding full payment for a total loss. Actual Cash Value (ACV) - Replacement cost at the time of loss less depreciation. Actuary - The person who establishes rates for the insurer. Advertising Liability - Offense that arises from advertising the insured's services or products including unintentional violation of copyright laws. Aggregate Limit - A type of policy limit that does not restore th...

Can milk be stored in a frozen state - No Direct Care staffing - Minimum direct care staff to resident ratios (nurse) must have a licensed nurse 8 hrs/day, 7 days/week on day shift; if DON is LPN, must employ RN at least 8 hours/week as a consultant Direct Staff Ratio - Sufficient, adequately trained staff 24 hours/day to meet the needs of the residents in the facility Financial solvency requirements of facility - Sufficient to ensure operations as evidenced by timely payment of obligatio...

a legally acceptable attempt by the existing insurer to retain the business after replacement form has been received is called?? - Conservation a mutual insurer: is a participating company owned by policy owners charges assessments to the policy owners if blains are higher than projected is an incorporated society or supreme lodge without capital is a group who shares risk and cannot sell life insurance - is a participating company owned by policy owners a producers commission on control...

"A" sold his home for $26,500 to "B" who agreed to assume the existing mortgage of $25,950. Give the cost of documentary tax stamps "A" would be required to place on the deed - $39.75 A and B have entered into a contract. In order for this contract to be enforceable, the contract - (search) must be entered into by competent parties, for legal purposes and in writing A and B on a house. Have to own the house for 2 years, a decides he wants to sell his interest in the property A and B o...