Which of the following is an example of a legacy environment deficiency? CORRECT ANSWER All of the above
GFEBS supports all the following DoD Business Architecture except: CORRECT ANSWER Installations and Environment
GFEBS replaced approximately _______ of the legacy financial, overlapping an...
GFEBS Essentials questions with correct answers
Which of the following is an example of a legacy environment deficiency? CORRECT ANSWER All of the above
GFEBS supports all the following DoD Business Architecture except: CORRECT ANSWER Installations and Environment
GFEBS replaced approximately _______ of the legacy financial, overlapping and redundant systems. CORRECT ANSWER 80%
GFEBS is a product of a _______ mandate to provide the Army and DoD with relevant, reliable and timely financial information. CORRECT ANSWER Congressional
What does the term ERP stand for? CORRECT ANSWER Enterprise Resource Planning
An advantage of the GFEBS ERP is that the system is web- based CORRECT ANSWER True
An ERP system reduces errors through the use of a shared database between business process areas. CORRECT 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. CORRECT ANSWER True
With the implementation of GFEBS for Real Property, functionality was subsumed
into a single financial solution. CORRECT ANSWER True A benefit of GFEBS is that the different process areas are independent to maintain data integrity. CORRECT ANSWER False
Which of the following are business process areas within GFEBS? CORRECT ANSWER All of the above
In GFEBS, the Reimbursables business process area encompasses the tracking of real property. CORRECT ANSWER False
Which of the following business process areas performs funds analysis and budgetary accounting? CORRECT ANSWER Funds Management
In GFEBS, the business process areas are linear and do not integrate with one another. CORRECT ANSWER False
Once data is entered into the GFEBS system, it is stored in a common database in real-time CORRECT ANSWER True
Which of the following is defined as a major grouping of activities that reflect a specific aspect of an end user's job? CORRECT ANSWER Role
A person cannot be assigned more than one role, and a role cannot be assigned to more than one person. CORRECT ANSWER False
What information is centrally stored and maintained that is shared across business process areas? CORRECT ANSWER Master Data
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