{"id":110313,"date":"2023-07-26T13:22:42","date_gmt":"2023-07-26T13:22:42","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=110313"},"modified":"2023-07-26T13:22:44","modified_gmt":"2023-07-26T13:22:44","slug":"gfebs-essentials-subsumes-l101e-l201e-l303e-questions-and-answers-2022-2023verified-answers","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/07\/26\/gfebs-essentials-subsumes-l101e-l201e-l303e-questions-and-answers-2022-2023verified-answers\/","title":{"rendered":"GFEBS Essentials-Subsumes L101E, L201E, L303E Questions and Answers (2022\/2023)(Verified Answers)"},"content":{"rendered":"\n

One of the ways to print in GFEBS is to press __<\/strong> on your keyboard to use standard Windows functionality to save the on-screen image.
Print Screen<\/p>\n\n\n\n

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<\/p>\n\n\n\n

By automating and integrating the majority of the business processes, and sharing common data and practices across the Army, GFEBS provides information __<\/strong>.
On a real-time basis<\/p>\n\n\n\n

There are _<\/em><\/strong> primary activities that comprise the GFEBS Real Property sub-process
Seven<\/p>\n\n\n\n

Which of the following is a benefit of GFEBS
A web-based system<\/p>\n\n\n\n

_<\/em><\/strong> 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<\/p>\n\n\n\n

GFEBS provides _<\/em><\/strong>.
financial, asset, accounting and cost data<\/p>\n\n\n\n

GFEBS uses the ERP program SAP, which provides _<\/em><\/strong>.
A common data structure<\/p>\n\n\n\n

What areas are included in Property, Plant, and Equipment (PP&E)
All of the above<\/p>\n\n\n\n

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<\/p>\n\n\n\n

Which of the following activities fall within the Reimbursables business process area?
All of the above<\/p>\n\n\n\n

What is a type of Real Property?
Office buildings<\/p>\n\n\n\n

The __<\/em> 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<\/p>\n\n\n\n

The _<\/strong> 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<\/p>\n\n\n\n

What button do you click on to cancel a transaction
Cancel<\/p>\n\n\n\n

Which of the following is a fact concerning Master Data?
Changes very little over time<\/p>\n\n\n\n

GFEBS is a(n) _<\/em><\/strong> initiative
Department of Army (DA)<\/p>\n\n\n\n

Which of the following is an example of a deficiency in the legacy environment?
All of the above<\/p>\n\n\n\n

Within GFEBS, which business processing function performs the budgeting and funds control for General Fund appropriations received by the Army?
Funds Management<\/p>\n\n\n\n

What are the three components of a user profile?
Address, Default and Parameter<\/p>\n\n\n\n

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<\/p>\n\n\n\n

Which of the following was a GFEBS deployment objective?
Automation and integration of most Army accounting processes<\/p>\n\n\n\n

What does the General Fund Enterprise Business System (GFEBS) provide the Army with?
All of the above<\/p>\n\n\n\n

Which sub-process is associated with the Spending Chain business process area?
Vendor Master Data<\/p>\n\n\n\n

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<\/p>\n\n\n\n

Which module is used in GFEBS to track and manage costs for certain projects within the Army?
Project Systems<\/p>\n\n\n\n

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<\/p>\n\n\n\n

When fully implemented, GFEBS will replace approximately _<\/em><\/strong> of the current financial, overlapping and redundant systems.
80 percent<\/p>\n\n\n\n

Prior to the implementation of GFEBS, _ systems were involved in the processing of Real Property. GFEBS subsumed these into a<\/strong><\/em><\/strong> financial solution.
Multiple; Single<\/p>\n\n\n\n

__<\/em> are used to find information, a specific record or a specific field entry based on specific characteristics of the information.
Matchcodes<\/p>\n\n\n\n

Which of the following is a true statement concerning GFEBS?
GFEBS information is stored in a common relational database.<\/p>\n\n\n\n

Which data entry field has a check mark in the field?
Required Fields<\/p>\n\n\n\n

GFEBS is the result of:
All of the above<\/p>\n\n\n\n

Which of the following systems did GFEBS replace?
Standard Financial System (STANFINS)<\/p>\n\n\n\n

The _<\/em><\/strong> business process area reports the financial status of the Army to the Department of Defense (DoD) and the United States Treasury.
Financials<\/p>\n\n\n\n

Which of the following is NOT an activity of the Asset Accounting sub-process?
Property Disposal<\/p>\n\n\n\n

A __<\/em> is a self-contained series of screens that enable a user to complete specific activities.
Transaction<\/p>\n\n\n\n

GFEBS implementation involves _<\/em><\/strong> all financial management, accounting and plant maintenance across the Army.
Standardizing<\/p>\n\n\n\n

Which business process area encompasses the tracking of real property?
Property, Plant & Equipment<\/p>\n\n\n\n

GFEBS was implemented to fulfill requirements mandated by the __<\/em>.
Business Transformation Agency<\/p>\n\n\n\n

20.One of the ways to print in GFEBS is to press __<\/strong> on your keyboard to use standard Windows functionality to save the on-screen image.
*Print Screen<\/p>\n\n\n\n

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<\/p>\n\n\n\n

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

31.There are _<\/em><\/strong> primary activities that comprise the GFEBS Real Property sub-process
Two<\/p>\n\n\n\n

*Six
Seven<\/p>\n\n\n\n

1.Which of the following is a benefit of GFEBS
*A web-based system<\/p>\n\n\n\n

13._<\/em><\/strong> 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<\/p>\n\n\n\n

27.GFEBS provides _<\/em><\/strong>.
financial, asset, accounting and cost data<\/p>\n\n\n\n

The authority to bypass regulations when not a system requirement<\/p>\n\n\n\n

Automated Army, Air force, and Navy financial reports integration<\/p>\n\n\n\n

7.GFEBS uses the ERP program SAP, which provides _<\/em><\/strong>.
A common data structure<\/p>\n\n\n\n

Automated accounting transaction corrections<\/p>\n\n\n\n

28.What areas are included in Property, Plant, and Equipment (PP&E)?
*All of the above<\/p>\n\n\n\n

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<\/p>\n\n\n\n

14.Which of the following activities fall within the Reimbursables business process area?
*All of the above<\/p>\n\n\n\n

35.What is a type of Real Property?
*Office Buildings
Plant Equipment<\/p>\n\n\n\n

None of the above<\/p>\n\n\n\n

37.The __<\/em> 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<\/p>\n\n\n\n

2.The _<\/strong> 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<\/p>\n\n\n\n

22.What button do you click on to cancel a transaction
*Cancel
Post
Save<\/p>\n\n\n\n

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<\/p>\n\n\n\n

36.GFEBS is a(n) _<\/em><\/strong> initiative.
*Department of Army (DA)
Department of Defense (DoD)
Defense Finance and Accounting Service (DFAS)<\/p>\n\n\n\n

Which of the following is an example of a deficiency in the legacy environment?<\/p>\n\n\n\n