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GFEBS L432E Cost Collection and Allocation Questions and Answers Rated A
GFEBS L432E Cost Collection and Allocation 
Questions and Answers Rated A 
What are the attributes of a cost center - Answer ️️ -All of the above. 
Cost Collection and Allocation are key components of Cost Management because they - Answer ️️ 
-Link fund expenditure data with functional and operational data. 
The first step in the Cost Management process is to - Answer ️️ -Create Master Data Elements 
Internal orders are cost collectors used to plan, collect, monitor, and settle the c...
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- Exam (elaborations)
- • 2 pages •
GFEBS L432E Cost Collection and Allocation 
Questions and Answers Rated A 
What are the attributes of a cost center - Answer ️️ -All of the above. 
Cost Collection and Allocation are key components of Cost Management because they - Answer ️️ 
-Link fund expenditure data with functional and operational data. 
The first step in the Cost Management process is to - Answer ️️ -Create Master Data Elements 
Internal orders are cost collectors used to plan, collect, monitor, and settle the c...
![](/docpics/4521783/65cfe8f8babf4_4521783_121_171.jpeg)
GFEBS Essentials BI Reporting (Subsumes L305E) Already Passed
GFEBS Essentials BI Reporting (Subsumes 
L305E) Already Passed 
Which of the following is correct when replacing a report characteristic on the BEx report with a 
free characteristic from the navigation panel? - Answer ️️ -*Click and drag the free 
characteristic over the report column heading. 
A BEx report consists of how many panels? - Answer ️️ -1 *3 
The BEx report workspace panel is an interactive panel where report data is displayed as a table, 
chart or both a table and chart - A...
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- Exam (elaborations)
- • 2 pages •
GFEBS Essentials BI Reporting (Subsumes 
L305E) Already Passed 
Which of the following is correct when replacing a report characteristic on the BEx report with a 
free characteristic from the navigation panel? - Answer ️️ -*Click and drag the free 
characteristic over the report column heading. 
A BEx report consists of how many panels? - Answer ️️ -1 *3 
The BEx report workspace panel is an interactive panel where report data is displayed as a table, 
chart or both a table and chart - A...
![](/docpics/4521777/65cfe8b976425_4521777_121_171.jpeg)
GFEBS L230E Cost Management Process Overview 100% Solved
GFEBS L230E Cost Management Process 
Overview 100% Solved 
Direct Cost - Answer ️️ -A cost such as labor, materials, or supplies that can be traced directly 
to producing a specific output of an organization, product, and service 
Indirect Cost - Answer ️️ -A cost that cannot be traced directly to a specific organization, 
product, and/or service output They often are allocated on a predetermined basis and generally 
are synonymous with overhead costs such as general and administrative e...
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- Exam (elaborations)
- • 6 pages •
GFEBS L230E Cost Management Process 
Overview 100% Solved 
Direct Cost - Answer ️️ -A cost such as labor, materials, or supplies that can be traced directly 
to producing a specific output of an organization, product, and service 
Indirect Cost - Answer ️️ -A cost that cannot be traced directly to a specific organization, 
product, and/or service output They often are allocated on a predetermined basis and generally 
are synonymous with overhead costs such as general and administrative e...
![](/docpics/4521774/65cfe880d7acd_4521774_121_171.jpeg)
GFEBS Business Process Areas Already Passed
GFEBS Business Process Areas Already Passed 
Funds Management - Answer ️️ -Within GFEBS, the Funds Management (FM) business 
processing function performs the budgeting and funds control for General Fund appropriations 
received by the Army. 
The major purposes of Funds Management include: 
•Distributing, allocating and executing funds 
•Ensuring that funds are not over-committed 
•Allowing the Army to perform strategic planning 
FM integrates primarily with the Financials (FI), Reimbur...
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- Exam (elaborations)
- • 2 pages •
GFEBS Business Process Areas Already Passed 
Funds Management - Answer ️️ -Within GFEBS, the Funds Management (FM) business 
processing function performs the budgeting and funds control for General Fund appropriations 
received by the Army. 
The major purposes of Funds Management include: 
•Distributing, allocating and executing funds 
•Ensuring that funds are not over-committed 
•Allowing the Army to perform strategic planning 
FM integrates primarily with the Financials (FI), Reimbur...
![](/docpics/4521763/65cfe80ad24af_4521763_121_171.jpeg)
GFEBS L251E Accounts Payable Process Overview
GFEBS L251E Accounts Payable Process Overview 
- Answer ️️ -any person including employees or org that provides goos or services to the army 
and must be paid 
Invoice - Answer ️️ -commercial doc that a seller issures to a buyer. the invoice indicates the 
products, qty, and agreed upon pricwes for products or services that the seller has already 
provided the buyer 
Electronic Funds Transfer (EFT - Answer ️️ -payment method that provides automatic 
electronic transferral of funds bo...
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- Exam (elaborations)
- • 3 pages •
GFEBS L251E Accounts Payable Process Overview 
- Answer ️️ -any person including employees or org that provides goos or services to the army 
and must be paid 
Invoice - Answer ️️ -commercial doc that a seller issures to a buyer. the invoice indicates the 
products, qty, and agreed upon pricwes for products or services that the seller has already 
provided the buyer 
Electronic Funds Transfer (EFT - Answer ️️ -payment method that provides automatic 
electronic transferral of funds bo...
![](/docpics/4521761/65cfe7cccaec9_4521761_121_171.jpeg)
GFEBS L210E Financials Process Overview Graded A
GFEBS L210E Financials Process Overview Graded A 
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...
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- Exam (elaborations)
- • 2 pages •
GFEBS L210E Financials Process Overview Graded A 
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...
![](/docpics/4521750/65cfe79111202_4521750_121_171.jpeg)
GFEBS Spending Chain - Government Purchase Card Questions and Answers
GFEBS Spending Chain - Government 
Purchase Card Questions and Answers 
An invoice cannot be unblocked if the Managing Account on an EDI-821 and the EDI 810 _____ 
are different - Answer ️️ -Invoice 
Which account assignment is used specifically for AXOL Rebates? - Answer ️️ -R 
Which of the following is a government approved acquisition method that allows approved 
cardholders to make purchases? - Answer ️️ -Purchase card 
If the GPC purchase exceeds the obligation amount, what must...
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- Exam (elaborations)
- • 2 pages •
GFEBS Spending Chain - Government 
Purchase Card Questions and Answers 
An invoice cannot be unblocked if the Managing Account on an EDI-821 and the EDI 810 _____ 
are different - Answer ️️ -Invoice 
Which account assignment is used specifically for AXOL Rebates? - Answer ️️ -R 
Which of the following is a government approved acquisition method that allows approved 
cardholders to make purchases? - Answer ️️ -Purchase card 
If the GPC purchase exceeds the obligation amount, what must...
![](/docpics/4521746/65cfe7573a8a1_4521746_121_171.jpeg)
GFEBS Spending Chain - Purchase Order Questions and Answers
GFEBS Spending Chain - Purchase Order 
Questions and Answers 
When creating a Purchase Order, which flow process is used for SPS? - Answer ️️ -Purchase 
Requisition - Fund Certification - Contracting - Purchase Order 
Transactions which run reports and analyzing POs include ____. - Answer ️️ -ME5A 
A funds commitment document does not require a _____. - Answer ️️ -Goods receipt 
Which of the following is a method of charging goods and/or services to a specific cost object? - 
Answer ...
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- Exam (elaborations)
- • 2 pages •
GFEBS Spending Chain - Purchase Order 
Questions and Answers 
When creating a Purchase Order, which flow process is used for SPS? - Answer ️️ -Purchase 
Requisition - Fund Certification - Contracting - Purchase Order 
Transactions which run reports and analyzing POs include ____. - Answer ️️ -ME5A 
A funds commitment document does not require a _____. - Answer ️️ -Goods receipt 
Which of the following is a method of charging goods and/or services to a specific cost object? - 
Answer ...
![](/docpics/4521741/65cfe7543af13_4521741_121_171.jpeg)
GFEBS Essentials BI Reporting (Subsumes L305E) 2024 Update Rated A
GFEBS Essentials BI Reporting (Subsumes 
L305E) 2024 Update Rated A 
Which of the following is correct when replacing a report characteristic on the BEx report with a 
free characteristic from the navigation panel? - Answer ️️ -*Click and drag the free 
characteristic over the report column heading. 
A BEx report consists of how many panels? - Answer ️️ -1 *3 
The BEx report workspace panel is an interactive panel where report data is displayed as a table, 
chart or both a table and char...
- Package deal
- Exam (elaborations)
- • 2 pages •
GFEBS Essentials BI Reporting (Subsumes 
L305E) 2024 Update Rated A 
Which of the following is correct when replacing a report characteristic on the BEx report with a 
free characteristic from the navigation panel? - Answer ️️ -*Click and drag the free 
characteristic over the report column heading. 
A BEx report consists of how many panels? - Answer ️️ -1 *3 
The BEx report workspace panel is an interactive panel where report data is displayed as a table, 
chart or both a table and char...
![](/docpics/4521728/65cfe6e0469ea_4521728_121_171.jpeg)
GFEBS Essentials Exam 2024 Already Passed
GFEBS Essentials Exam 2024 Already Passed 
Accumulates and records all elements of cost i.e. full cost incurred to accomplish an objective - 
Answer ️️ -Cost Accounting 
Uses cost products for "Best value" and 'best practices" actions - Answer ️️ -Cost Controlling 
Acquires and integrates functional outcome data with cost data. Produce valid and verifiable 
information - Answer ️️ -Cost Analysis 
Uses cost products for "should-cost" to make informed decisions - Answer ️️ -C...
- Package deal
- Exam (elaborations)
- • 2 pages •
GFEBS Essentials Exam 2024 Already Passed 
Accumulates and records all elements of cost i.e. full cost incurred to accomplish an objective - 
Answer ️️ -Cost Accounting 
Uses cost products for "Best value" and 'best practices" actions - Answer ️️ -Cost Controlling 
Acquires and integrates functional outcome data with cost data. Produce valid and verifiable 
information - Answer ️️ -Cost Analysis 
Uses cost products for "should-cost" to make informed decisions - Answer ️️ -C...
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the answers are incorrect