GFEBS Essentials-Subsumes L101E, L201E, L303E Questions and Answers (2022/2023)(Verified Answers)

One of the ways to print in GFEBS is to press __ on your keyboard to use standard Windows functionality to save the on-screen image.
Print Screen

Which tab on the GFEBS Online Help Website takes the user to a page where you can fill out a form to receive assistance in training registration, deployment or system questions?
Contact

By automating and integrating the majority of the business processes, and sharing common data and practices across the Army, GFEBS provides information __.
On a real-time basis

There are _ primary activities that comprise the GFEBS Real Property sub-process
Seven

Which of the following is a benefit of GFEBS
A web-based system

_ systems are management information systems that integrate and automate many of the business practices associated with the operations or production aspects of a company
Enterprise Resource Planning

GFEBS provides _.
financial, asset, accounting and cost data

GFEBS uses the ERP program SAP, which provides _.
A common data structure

What areas are included in Property, Plant, and Equipment (PP&E)
All of the above

GFEBS strategically supports and improves the current Department of Defense (DoD) Business Enterprise Architecture by providing functionality that supports various business components which include all of the following except:
Installations and Environment

Which of the following activities fall within the Reimbursables business process area?
All of the above

What is a type of Real Property?
Office buildings

The __ is used to set standard default information for specific fields when the user is setup in GFEBS. This information is used to identify specific functions or activities related to the user.
Paramters tab

The _ escalated the need for federal financial management systems to provide accurate, reliable, and timely financial management information to the government’s highest levels.
Federal Financial Management Improvement Act

What button do you click on to cancel a transaction
Cancel

Which of the following is a fact concerning Master Data?
Changes very little over time

GFEBS is a(n) _ initiative
Department of Army (DA)

Which of the following is an example of a deficiency in the legacy environment?
All of the above

Within GFEBS, which business processing function performs the budgeting and funds control for General Fund appropriations received by the Army?
Funds Management

What are the three components of a user profile?
Address, Default and Parameter

Which business process area includes the following tasks: maintain GL accounts, process Journal Vouchers, perform periodic cash balancing activities, and conduct period-end and year-end closing?
Financials

Which of the following was a GFEBS deployment objective?
Automation and integration of most Army accounting processes

What does the General Fund Enterprise Business System (GFEBS) provide the Army with?
All of the above

Which sub-process is associated with the Spending Chain business process area?
Vendor Master Data

Which is NOT a benefit of GFEBS for the Army?
It is a non-integrated system which allows departments to each to have their own database

Which module is used in GFEBS to track and manage costs for certain projects within the Army?
Project Systems

Maintenance of the Army’s General Ledger Chart of Accounts now only occurs in GFEBS. Benefits of a single GL Chart of Accounts include:
All of the above

When fully implemented, GFEBS will replace approximately _ of the current financial, overlapping and redundant systems.
80 percent

Prior to the implementation of GFEBS, _ systems were involved in the processing of Real Property. GFEBS subsumed these into a financial solution.
Multiple; Single

__ are used to find information, a specific record or a specific field entry based on specific characteristics of the information.
Matchcodes

Which of the following is a true statement concerning GFEBS?
GFEBS information is stored in a common relational database.

Which data entry field has a check mark in the field?
Required Fields

GFEBS is the result of:
All of the above

Which of the following systems did GFEBS replace?
Standard Financial System (STANFINS)

The _ business process area reports the financial status of the Army to the Department of Defense (DoD) and the United States Treasury.
Financials

Which of the following is NOT an activity of the Asset Accounting sub-process?
Property Disposal

A __ is a self-contained series of screens that enable a user to complete specific activities.
Transaction

GFEBS implementation involves _ all financial management, accounting and plant maintenance across the Army.
Standardizing

Which business process area encompasses the tracking of real property?
Property, Plant & Equipment

GFEBS was implemented to fulfill requirements mandated by the __.
Business Transformation Agency

20.One of the ways to print in GFEBS is to press __ on your keyboard to use standard Windows functionality to save the on-screen image.
*Print Screen

26.Which tab on the GFEBS Online Help Website takes the user to a page where you can fill out a form to receive assistance in training registration, deployment or system questions?
*Contact

23.By automating and integrating the majority of the business processes, and sharing common data and practices across the Army, GFEBS provides information __.
*On a real-time basis

31.There are _ primary activities that comprise the GFEBS Real Property sub-process
Two

*Six
Seven

1.Which of the following is a benefit of GFEBS
*A web-based system

13._ systems are management information systems that integrate and automate many of the business practices associated with the operations or production aspects of a company
Financial Planning
*Enterprise Resource Planning
Exact Return Performance
Fundamental Procedure

27.GFEBS provides _.
financial, asset, accounting and cost data

The authority to bypass regulations when not a system requirement

Automated Army, Air force, and Navy financial reports integration

7.GFEBS uses the ERP program SAP, which provides _.
A common data structure

Automated accounting transaction corrections

28.What areas are included in Property, Plant, and Equipment (PP&E)?
*All of the above

16.GFEBS strategically supports and improves the current Department of Defense (DoD) Business Enterprise Architecture by providing functionality that supports various business components which include all of the following except:
Acquisitions
Installations and Environment
*Strategic planning and budgeting

14.Which of the following activities fall within the Reimbursables business process area?
*All of the above

35.What is a type of Real Property?
*Office Buildings
Plant Equipment

None of the above

37.The __ is used to set standard default information for specific fields when the user is setup in GFEBS. This information is used to identify specific functions or activities related to the user.
*Paramters tab

2.The _ escalated the need for federal financial management systems to provide accurate, reliable, and timely financial management information to the government’s highest levels.
*Federal Financial Management Improvement Act

22.What button do you click on to cancel a transaction
*Cancel
Post
Save

11.Which of the following is a fact concerning Master Data?
Changes very little over time
*Is unique for each GFEBS module
Stored and maintained at multiple locations

36.GFEBS is a(n) _ initiative.
*Department of Army (DA)
Department of Defense (DoD)
Defense Finance and Accounting Service (DFAS)

Which of the following is an example of a deficiency in the legacy environment?

  • All of the above

30.Within GFEBS, which business processing function performs the budgeting and funds control for General Fund appropriations received by the Army?
*Funds Management
Reimbursable
Financials

29.What are the three components of a user profile?
*Address, Default and Parameter

34.Which business process area includes the following tasks: maintain GL accounts, process Journal Vouchers, perform periodic cash balancing activities, and conduct period-end and year-end closing?
Financials
*Cost Management
Reimbursable

21.Which of the following was a GFEBS deployment objective?
New computer hardware for all Army installations

Privatization of Army finance and resource management

*Automation and integration of most Army accounting processes

18.What does the General Fund Enterprise Business System (GFEBS) provide the Army with?
*All of the above

25.Which sub-process is associated with the Spending Chain business process area?
Process Journal Vouchers
*Vendor Master Data
Create projects

4.Which is NOT a benefit of GFEBS for the Army?
It is a non-integrated system which allows departments to each to have their own database

6.Which module is used in GFEBS to track and manage costs for certain projects within the Army?
Spending Chain
Project Systems

39.Maintenance of the Army’s General Ledger Chart of Accounts now only occurs in GFEBS. Benefits of a single GL Chart of Accounts include:
*All of the above

15.When fully implemented, GFEBS will replace approximately _ of the current financial, overlapping and redundant systems.
*40 percent

80 percent
100 percent

10.Prior to the implementation of GFEBS, _ systems were involved in the processing of Real Property. GFEBS subsumed these into a financial solution.
*Multiple; Single

24.__ are used to find information, a specific record or a specific field entry based on specific characteristics of the information.
Matchcodes
Criteria codes
*Search codes

8.Which of the following is a true statement concerning GFEBS?
GFEBS information is stored in a common relational database.

*GFEBS operates under the same file structure as STANFINS.

GFEBS maintains separate systems for each of its components.

5.Which data entry field has a check mark in the field?
Required Fields

Conditional Fields

12.GFEBS is the result of:
*All of the above

40.Which of the following systems did GFEBS replace?
*Standard Financial System (STANFINS)

17.The _ business process area reports the financial status of the Army to the Department of Defense (DoD) and the United States Treasury.
*Financials
Business
Spending Chain

9.Which of the following is NOT an activity of the Asset Accounting sub-process?
Transferring Assets

*Maintaining Master Data
Property Disposal

3.A __ is a self-contained series of screens that enable a user to complete specific activities.
Request

Transaction

19.GFEBS implementation involves _ all financial management, accounting and plant maintenance across the Army.
*Standardizing

32.Which business process area encompasses the tracking of real property?
Spending Chain
Funds Management
*Property, Plant & Equipment

38.GFEBS was implemented to fulfill requirements mandated by the __.
Joint Chiefs of Staff

*Defense Finance and Accounting Service
Business Transformation Agency

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