Gfebs and external - Study guides, Class notes & Summaries

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 Line of Accounting data W...

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 Project Systems Course Questions and Answers Latest Update 2024 (GRADED) What is a project definition?: The project definition contains data used for the entire project. It contains default values which can be passed on to the WBS elements, or influence them, such as: Project Profile Project Control values (e.g., user status profile) Organizational data Planning parameters Settlement Rules Unique Project Number The Project Profile is often called the "DNA" of a PS project; it de...

GFEBS L410E Introduction to Financials Questions and Answers | Latest Update 2024/2025 | Graded A+ How does financial data entry typically get facilitated in modern financial systems? It is facilitated through user-friendly forms and automated processes to ensure accuracy. What is a key feature of financial reporting systems? A key feature is the ability to generate detailed and customizable financial reports for various needs. How does effective budget management support an or...

GCSS-Army Finance (Sustainment) Latest Update Graded A+ 1. Financial Management tasks that are carried out in GCSS-Army fall under which of the following categories: d. All of the above 2. The amount of an order placed, contract awarded, service received, or other transaction which legally reserves a specific amount of an appropriation or fund for a future expenditure is defined as a(n): b. Obligation 3. An organizational unit of responsibility where costs can accumulate and be reported is kn...

GFEBS Project Systems Course Questions and Answers (2022/2023). 1. What is a project definition?: The project definition contains data used for the entire project. It contains default values which can be passed on to the WBS elements, or influence them, such as: Project Profile Project Control values (e.g., user status profile) Organizational data Planning parameters Settlement Rules Unique Project Number The Project Profile is often called the "DNA" of a PS project; it determines ma...

GFEBS L210E Financials Process Overview Questions and Answers | Latest Update | 2024/2025 | 100% Pass How is budget execution typically handled in financial systems? Budget execution is managed by monitoring and controlling expenditures against allocated budgets, ensuring compliance with financial plans. What are the key activities involved in financial transaction processing? Key activities include recording transactions, verifying data accuracy, and ensuring timely processing of ...

GFEBS- Spending Chain Purchase Orders Questions and AnswersGFEBS- Spending Chain Purchase Orders Questions and AnswersGFEBS- Spending Chain Purchase Orders Questions and Answers Spending Chain is made up of two sub-processes: - ANSWER-•The Acquisition Process is made up of the Material Master Data, the Vendor Master Data and the Procurement of Goods or Services. •The Accounts Payable Process is made up of Post Invoice and Payment Programs. What are purchase orders? - ANSWER-is a way...

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...

GFEBS Project Systems Course Questions and Answers (2022/2023)(Verified Answers) What is a project definition? The project definition contains data used for the entire project. It contains default values which can be passed on to the WBS elements, or influence them, such as: Project Profile Project Control values (e.g., user status profile) Organizational data Planning parameters Settlement Rules Unique Project Number The Project Profile is often called the "DNA" of a PS project...