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GFEBS Essentials 2023 Exam With Questions And 100% Correct Answers

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GFEBS Essentials 2023 Exam With Questions And 100% Correct Answers Which of the following is an example of a legacy environment deficiency? All of the above GFEBS supports all the following DoD Business Architecture except: Installations and Environment GFEBS replaced approximately ___...

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  • June 12, 2024
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GFEBS Essentials 2023 Exam With Questions
And 100% Correct Answers
Which of the following is an example of a legacy environment deficiency?
All of the above


GFEBS supports all the following DoD Business Architecture except:
Installations and Environment


GFEBS replaced approximately _______ of the legacy financial, overlapping and redundant systems.
80%


GFEBS is a product of a _______ mandate to provide the Army and DoD with relevant, reliable and
timely financial information.
Congressional


What does the term ERP stand for?
Enterprise Resource Planning


An advantage of the GFEBS ERP is that the system is web- based
True


An ERP system reduces errors through the use of a shared database between business process areas.
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.
True


With the implementation of GFEBS for Real Property, functionality was subsumed into a single
financial solution.
True


A benefit of GFEBS is that the different process areas are independent to maintain data integrity.
False


Which of the following are business process areas within GFEBS?
All of the above


In GFEBS, the Reimbursables business process area encompasses the tracking of real property.
False


Which of the following business process areas performs funds analysis and budgetary accounting?
Funds Management

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