Study guides, Class notes & Summaries

GFEBS Real Property Reports Exam Question and Answers

GFEBS Debt Management Questions and Answers 100% PassGFEBS Debt Management Questions and Answers 100% PassGFEBS Debt Management Questions and Answers 100% PassGFEBS Debt Management Questions and Answers 100% PassGFEBS Debt Management Questions and Answers 100% PassGFEBS Debt Management Questions and Answers 100% PassGFEBS Debt Management Questions and Answers 100% PassGFEBS Debt Management Questions and Answers 100% PassGFEBS Debt Management Questions and Answers 100% PassGFEBS Debt Man...

GFEBS Reimbursable Questions and AnswersGFEBS Reimbursable Questions and AnswersGFEBS Reimbursable Questions and AnswersGFEBS Reimbursable Questions and AnswersGFEBS Reimbursable Questions and AnswersGFEBS Reimbursable Questions and AnswersGFEBS Reimbursable Questions and AnswersGFEBS Reimbursable Questions and AnswersGFEBS Reimbursable Questions and AnswersGFEBS Reimbursable Questions and AnswersGFEBS Reimbursable Questions and AnswersGFEBS Reimbursable Questions and AnswersGFEBS Re...

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

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 •Ensuring that funds are not over-committed •Allowing the Army to perform strategic planning FM integrates primarily with the Financials (FI), Reimbursables (RM), and Spending Chain (SC) business pro...

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...

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 structure Approver reviews and releases the project in Project Systems Key Terms associated with the reimbursables process to its description - ANSWER Obligates appropriations in the same manner as or...

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 length of time - ANSWER 36 process whereby federal agencies refer delinquent debts to the us treaury for collection is called - ANSWER *cross servicing

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

Treasury Reporting: Reason Status Codes - ANSWER Reason Status codes assist with the preparation of the TROR. Reason Status codes indicate the state of the debt throughout the debt lifecycle and assist the accounting system with determining how to categorize the debt. Changes in the reason status code occur through business events or are manually entered into the accounting system. These changes also occur via interfaces from entitlement and revenue systems When is interest applied? - ANSW...

GFEBS 2024 Latest Update Accurate 100% 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 data. 3. Enable users to produce and access information in a real-time environment. systems replaced - ANSWER two major systems replaced were the Standa...