Exam (elaborations)
GFEBS L410E Questions with complete solutions 2023
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Exam of 2 pages for the course GFEBS at GFEBS (GFEBS L410E)
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GFEBS L410EWhich 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
The Year-End Close process closes the books, clears outstanding items, returns
unused appropriations to the Treasury, and provides the data necessary for future
budgeting and appropriation purposes. - answer False
Which of the following is not one of the files sent from DCAS to GFEBS on a daily
basis? - answer The 1081 Correction File
The Period-End Closing Process is a set of activities carried out at the end of a period
to close/open posting periods and ensure that the Army's General Fund General Ledger
accurately reflects the financial status of the Army. - answer True
Users from which business process area can submit a request to the General Ledger
Master Data Approver to create, modify, or block a General Ledger account? - answer
Cost Management Spending Chain
A Journal Voucher is a document that is most often prepared for the _________ and
___________ processes. - answer Period-End Close, Year-End Close
The Journal Voucher Upload Program is typically used to upload a large number of
Journal Vouchers with multiple line items. - answer True
Which of the following are Year-End Close Preparation Activities? - answer All of the
above
Which of the following is the sub-process that takes data posted to the General Ledger
and stores it in a way that allows management to analyze costs from an internal
perspective? - answer Cost Management
Financials is the business process area in GFEBS responsible for managing the
General Ledger - answer True
The Period-End Close Process ensures that all data belonging to a period is determined
and finalized and that data is available for financial reporting and management
purposes - answer True
Which Trial Balance is sent via interface to the DDRS? - answer Trial Balance with
Defense Reporting Elements
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