Gfebs and external - Study guides, Class notes & Summaries

GFEBS Project Systems Course Exam Questions with Correct Answers What is a project definition? - Answer-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 dete...

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 many attributes of the project. The Project Profile cannot be chan...

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 known as a(n): a. Funds Center 4. Tru...

GFEBS L413E Financial Reporting Latest 2024 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 Bal...

a jv is created when it is necessary to 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 true Which of the options below provides a uniform COA and technical guidance to be used in standardizing federal agency accounting? USSGL None of the above Activities involved in the...

GFEBS L413E Financial Reporting 2023 verified graded A+The Defense Departmental Reporting System (DDRS) takes the GFEBS Trial Balance and produces the official DoD Financial Statement - correct answer True The DDRS Outbound Trial Balance includes Defense Reporting elements - correct answer true The Business Enterprise Information System (BEIS) - correct answer Is an organization in DoD that delivers enterprise business services to enable effective financial management throughout DoD The...

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 Whi...

1. Financial Management tasks that are carried out in GCSS-Army fall under which of the following categories: - ANSWER 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): - ANSWER b. Obligation 3. An organizational unit of responsibility where costs can accumulate and be reported is known as a(n): - ANSWER a. Funds Cent...

GFEBS L413E Financial Reporting questions and answers 2023 The Defense Departmental Reporting System (DDRS) takes the GFEBS Trial Balance and produces the official DoD Financial Statement True The DDRS Outbound Trial Balance includes Defense Reporting elements true The Business Enterprise Information System (BEIS) Is an organization in DoD that delivers enterprise business services to enable effective financial management throughout DoD The Abnormal Balance Report can be...