PACKAGE DEAL FOR:GFEBS Debt Management Correct Questions & Answers

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 ...

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 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 stru...

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 d...

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 orga...

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 •Ensu...

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

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 i...