GFEBS Essentials 2023
Which of the following is an example of a legacy environment deficiency? - answer
All of the above
GFEBS supports all the following DoD Business Architecture except: - answer
Installations and Environment
GFEBS replaced approximately _______ of the legacy financial, overlapping and
redundant systems. - answer 80%
GFEBS is a product of a _______ mandate to provide the Army and DoD with relevant,
reliable and timely financial information. - answer Congressional
What does the term ERP stand for? - answer Enterprise Resource Planning
An advantage of the GFEBS ERP is that the system is web- based - answer True
An ERP system reduces errors through the use of a shared database between business
process areas. - answer True
A benefit of PP&E is that it standardizes maintenance processes, which allows the DPW
community to identify best practices and apply them consistently. - answer True
With the implementation of GFEBS for Real Property, functionality was subsumed into a
single financial solution. - answer True
A benefit of GFEBS is that the different process areas are independent to maintain data
integrity. - answer False
Which of the following are business process areas within GFEBS? - answer All of the
above
In GFEBS, the Reimbursables business process area encompasses the tracking of real
property. - answer False
Which of the following business process areas performs funds analysis and budgetary
accounting? - answer Funds Management
In GFEBS, the business process areas are linear and do not integrate with one another.
- answer False
Which of the following is an example of a legacy environment deficiency? - answer
All of the above
GFEBS supports all the following DoD Business Architecture except: - answer
Installations and Environment
GFEBS replaced approximately _______ of the legacy financial, overlapping and
redundant systems. - answer 80%
GFEBS is a product of a _______ mandate to provide the Army and DoD with relevant,
reliable and timely financial information. - answer Congressional
What does the term ERP stand for? - answer Enterprise Resource Planning
An advantage of the GFEBS ERP is that the system is web- based - answer True
An ERP system reduces errors through the use of a shared database between business
process areas. - answer True
A benefit of PP&E is that it standardizes maintenance processes, which allows the DPW
community to identify best practices and apply them consistently. - answer True
With the implementation of GFEBS for Real Property, functionality was subsumed into a
single financial solution. - answer True
A benefit of GFEBS is that the different process areas are independent to maintain data
integrity. - answer False
Which of the following are business process areas within GFEBS? - answer All of the
above
In GFEBS, the Reimbursables business process area encompasses the tracking of real
property. - answer False
Which of the following business process areas performs funds analysis and budgetary
accounting? - answer Funds Management
In GFEBS, the business process areas are linear and do not integrate with one another.
- answer False
