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GFEBS Reimbursable1 Questions and Answers 100% correct
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Exam of 2 pages for the course GFEBS at GFEBS (GFEBS Reimbursable1)
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GFEBS Reimbursables - DebtManagement
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
For Treasury Reporting, non-delinquent debt that is scheduled to be collected is
recorded as current in what time frame? - answer Within the next 12 month
Within GFEBS, what is the interval for the automatic execution of the Dunning
transaction code? - answer Daily
Receivable invoices, for which waivers are requested, are _____ in GFEBS to prohibit
calculation of interest during the waiver approval process - answer Flagged
Remittances are applied in what sequential order to a debt? - answer Penalty, Fees,
Interest, Principal
Delinquent debts are organized into how many aging categories? - answer Seven
Which of the following are no longer available for further collection activity? - answer
Closed out
The process of sending demand letters to debtors, at days 31 and 61, is called - answer
Dunning
Which debt management report displays customer open items by 30-day intervals? -
answer Due Date Analysis for Open Items (S_ALR_87012168)
The Debt Collection Act of 1982 and Debt Collection Improvement Act of 1996 require
interest, fees, and penalties on all non-federal delinquent receivables if payment of the
debt is not made within _____ of the Dunning Notice date. - answer 60 days
Which role is able to process the accrual of interest, penalty, and fees for all debts in
GFEBS? - answer Debt Management Processor
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