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GFEBS Essentials: Multiple Choice Questions and Answers, Exams of Financial Management

United States Army Command and General Staff College (CGSC)Financial Management

A series of multiple-choice questions and answers related to the general fund enterprise business system (gfebs). It covers key aspects of gfebs, including its benefits, modules, business processes, and implementation objectives. The questions are designed to test understanding of gfebs functionalities and its role in army financial management.

Typology: Exams

2024/2025

Available from 12/30/2024

tizian-kylan
tizian-kylan 🇺🇸

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GFEBS Essentials [Subsumes L101E, L201E, L303E] | 100%
Correct Answers | Verified | Latest 2025 Version
1. Which of the following is a benefit of GFEBS - ✔✔*A web-based system
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
3. A is a self-contained series of screens that enable a user to complete specific activities. -
✔✔Request
Transaction
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
5. Which data entry field has a check mark in the field? - ✔✔Required Fields
Conditional Fields
6. Which module is used in GFEBS to track and manage costs for certain projects within the Army? -
✔✔Spending Chain
Project Systems
7. GFEBS uses the ERP program SAP, which provides . - ✔✔A common data structure
Automated accounting transaction corrections
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Download GFEBS Essentials: Multiple Choice Questions and Answers and more Exams Financial Management in PDF only on Docsity!

GFEBS Essentials [Subsumes L101E, L201E, L303E] | 100%

Correct Answers | Verified | Latest 202 5 Version

  1. Which of the following is a benefit of GFEBS - ✔✔*A web-based system
  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
  3. A is a self-contained series of screens that enable a user to complete specific activities. - ✔✔Request Transaction
  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
  5. Which data entry field has a check mark in the field? - ✔✔Required Fields Conditional Fields
  6. Which module is used in GFEBS to track and manage costs for certain projects within the Army? - ✔✔Spending Chain Project Systems
  7. GFEBS uses the ERP program SAP, which provides. - ✔✔A common data structure Automated accounting transaction corrections
  1. 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.
  2. Which of the following is NOT an activity of the Asset Accounting sub-process? - ✔✔Transferring Assets *Maintaining Master Data Property Disposal
  3. Prior to the implementation of GFEBS, systems were involved in the processing of Real Property. GFEBS subsumed these into a financial solution. - ✔✔*Multiple; Single
  4. 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
  5. GFEBS is the result of: - ✔✔*All of the above
  6. 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

Privatization of Army finance and resource management *Automation and integration of most Army accounting processes

  1. What button do you click on to cancel a transaction - ✔✔*Cancel Post Save
  2. 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
  3. 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
  4. Which sub-process is associated with the Spending Chain business process area? - ✔✔Process Journal Vouchers *Vendor Master Data Create projects
  5. 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
  6. 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
  1. What areas are included in Property, Plant, and Equipment (PP&E)? - ✔✔*All of the above
  2. What are the three components of a user profile? - ✔✔*Address, Default and Parameter
  3. Within GFEBS, which business processing function performs the budgeting and funds control for General Fund appropriations received by the Army? - ✔✔*Funds Management Reimbursable Financials
  4. There are primary activities that comprise the GFEBS Real Property sub-process - ✔✔Two *Six Seven
  5. Which business process area encompasses the tracking of real property? - ✔✔Spending Chain Funds Management *Property, Plant & Equipment
  6. 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
  7. What is a type of Real Property? - ✔✔*Office Buildings Plant Equipment None of the above