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GFEBS L410E Introduction to Financials Accurate
What is a reason code -ANSWER A numerical code that corresponds to the valid reasons for posting a JV 
 
Which organization serves as the Army's central bank -ANSWER U.S. Treasury 
 
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? -ANSWER Both: STANFINS and SOMARDS are both source systems that use legacy Lines of Accounting (LOA) data that are converted into GFEBS
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- Exam (elaborations)
- • 2 pages •
What is a reason code -ANSWER A numerical code that corresponds to the valid reasons for posting a JV 
 
Which organization serves as the Army's central bank -ANSWER U.S. Treasury 
 
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? -ANSWER Both: STANFINS and SOMARDS are both source systems that use legacy Lines of Accounting (LOA) data that are converted into GFEBS
GFEBS and External Reporting Systems
FACTS - ANSWER Federal Agencies' Centralized Trial Balance System 
 
GFRS - ANSWER Government-wide Financial Reporting System 
 
SFIS - ANSWER Standard Financial Information Structure 
 
DDRS - ANSWER Defense Departmental Reporting System 
 
BEIS - ANSWER Business Enterprise Information System
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- Exam (elaborations)
- • 4 pages •
FACTS - ANSWER Federal Agencies' Centralized Trial Balance System 
 
GFRS - ANSWER Government-wide Financial Reporting System 
 
SFIS - ANSWER Standard Financial Information Structure 
 
DDRS - ANSWER Defense Departmental Reporting System 
 
BEIS - ANSWER Business Enterprise Information System
GFEBS Business Process Areas Accurate
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), Reimbursables (RM), and Spending Chain (SC) business pro...
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- Exam (elaborations)
- • 2 pages •
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), Reimbursables (RM), and Spending Chain (SC) business pro...
GFEBS L413E Financial Reporting Correct 100%
The Defense Departmental Reporting System (DDRS) takes the GFEBS Trial Balance and produces the official DoD Financial Statement - ANSWER True 
 
The DDRS Outbound Trial Balance includes Defense Reporting elements - ANSWER true 
 
The Business Enterprise Information System (BEIS) - ANSWER Is an organization in DoD that delivers enterprise business services to enable effective financial management throughout DoD 
 
The Abnormal Balance Report can be run - ANSWER all of the above 
 
Which of the f...
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- Exam (elaborations)
- • 2 pages •
The Defense Departmental Reporting System (DDRS) takes the GFEBS Trial Balance and produces the official DoD Financial Statement - ANSWER True 
 
The DDRS Outbound Trial Balance includes Defense Reporting elements - ANSWER true 
 
The Business Enterprise Information System (BEIS) - ANSWER Is an organization in DoD that delivers enterprise business services to enable effective financial management throughout DoD 
 
The Abnormal Balance Report can be run - ANSWER all of the above 
 
Which of the f...
GFEBS 2024 Latest Update Accurate 100%
Objectives for GFEBS Implementation - ANSWER 1. Enable the automation and integration of the majority of the Army's business processes. 
 
 
2. Use of common data and business practices across the Army and throughout DoD by using the Standard Financial Information Structure (SFIS) to standardize data. 
 
 
3. Enable users to produce and access information in a real-time environment. 
 
systems replaced - ANSWER two major systems replaced were
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- Exam (elaborations)
- • 4 pages •
Objectives for GFEBS Implementation - ANSWER 1. Enable the automation and integration of the majority of the Army's business processes. 
 
 
2. Use of common data and business practices across the Army and throughout DoD by using the Standard Financial Information Structure (SFIS) to standardize data. 
 
 
3. Enable users to produce and access information in a real-time environment. 
 
systems replaced - ANSWER two major systems replaced were
GFEBS Reimbursables - Accounts Receivables (00063250)Correct
What are two of the primary sub-processes encompassed in the accounts receivables process in GFEBS - ANSWER Reimbursables and Debt Management 
 
Reimbursable Process - ANSWER determine the order acceptance direct cite, direct charge, or reimbursable 
Determine the type of work 
Create a project structure 
Approver reviews and releases the project in Project Systems 
 
Key Terms associated with the reimbursables process to its description - ANSWER Obligates appropriations in the same manner as or...
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- Exam (elaborations)
- • 2 pages •
What are two of the primary sub-processes encompassed in the accounts receivables process in GFEBS - ANSWER Reimbursables and Debt Management 
 
Reimbursable Process - ANSWER determine the order acceptance direct cite, direct charge, or reimbursable 
Determine the type of work 
Create a project structure 
Approver reviews and releases the project in Project Systems 
 
Key Terms associated with the reimbursables process to its description - ANSWER Obligates appropriations in the same manner as or...
GFEBS Reimbursable Accurate Questions & Answers
fee that the us treasury adds to debt it collects is based on which of the following - ANSWER *age of debt 
 
 often is the interest calculation program sheduled to run - ANSWER each day 
 
 accordance with intallment plan guidelines unless an exception os granted, installment plans may not exceed what length of time - ANSWER 36 
 
 process whereby federal agencies refer delinquent debts to the us treaury for collection is called - ANSWER *cross servicing
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- • 4 pages •
fee that the us treasury adds to debt it collects is based on which of the following - ANSWER *age of debt 
 
 often is the interest calculation program sheduled to run - ANSWER each day 
 
 accordance with intallment plan guidelines unless an exception os granted, installment plans may not exceed what length of time - ANSWER 36 
 
 process whereby federal agencies refer delinquent debts to the us treaury for collection is called - ANSWER *cross servicing
GFEBS Reimbursables - Debt Management Accurate
Within the reason status code group Ws, there are how many codes - ANSWER One 
 
Debts are eligible to be transferred to the U.S. Treasury for collection if they are delinquent for more than _____. - ANSWER 90 days 
 
_____ on delinquent debt are used to discourage delinquencies and encourage early payment of the debt in full. - ANSWER Penalties
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- Exam (elaborations)
- • 2 pages •
Within the reason status code group Ws, there are how many codes - ANSWER One 
 
Debts are eligible to be transferred to the U.S. Treasury for collection if they are delinquent for more than _____. - ANSWER 90 days 
 
_____ on delinquent debt are used to discourage delinquencies and encourage early payment of the debt in full. - ANSWER Penalties
GFEBS Debt Management Correct Questions & Answers
Treasury Reporting: Reason Status Codes - ANSWER Reason Status codes assist with the preparation of the TROR. Reason Status codes indicate the state of the debt throughout the debt lifecycle and assist the accounting system with determining how to categorize the debt. 
 
Changes in the reason status code occur through business events or are manually entered into the accounting system. These changes also occur via interfaces from entitlement and revenue systems 
 
When is interest applied? - ANSW...
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- • 7 pages •
Treasury Reporting: Reason Status Codes - ANSWER Reason Status codes assist with the preparation of the TROR. Reason Status codes indicate the state of the debt throughout the debt lifecycle and assist the accounting system with determining how to categorize the debt. 
 
Changes in the reason status code occur through business events or are manually entered into the accounting system. These changes also occur via interfaces from entitlement and revenue systems 
 
When is interest applied? - ANSW...
Human Blood Types Verified 100%
having 3 or more alleles for the same gene - ANSWER multiple alleles 
 
ABO blood groups are determined by - ANSWER multiple alleles 
 
blood type is determined by - ANSWER the presence or absence
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- • 1 pages •
having 3 or more alleles for the same gene - ANSWER multiple alleles 
 
ABO blood groups are determined by - ANSWER multiple alleles 
 
blood type is determined by - ANSWER the presence or absence
Red Cross Lifeguarding Practice Test 100% Accurate!!
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FCTC Math Questions|19 Questions | Verified Answers| 100% Accurate