GFEBS EXAM LATEST
Objectives for GFEBS Implementation - ANSWERS-1. Enable the
automation and integration of the majority of the Army's business
processes.
2. Use of common data and business practices across the Army and
throughout DoD by using the Standard Financial Information Structure
(SFIS) to standardize data.
3. Enable users to produce and access information in a real-time
environment.
systems replaced - ANSWERS-two major systems replaced were the
Standard Finance System (STANFINS) and the Standard Operation and
Maintenance Army Research and Development System (SOMARDS).
L. 3 - SDRN - ANSWERS-Standard document reference number
SFIS - ANSWERS-Standard Financial Information Structure (SFIS
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, GFEBS EXAM LATEST
sfis PLUS gfebs ALLOWS - ANSWERS-The use of SFIS within
GFEBS facilitates end-to-end connection of key business activities and
provides:
•a means to record and track auditable financial information
•a basis for conducting sound financial analysis
•timely and reliable executive decision support
Funds Management - ANSWERS-Includes budget authority, fund
allocation, maintaining funds availability, performing funds analysis,
budgetary accounting, and generating reports
Cost Management - ANSWERS-Includes capturing cost accounting
data, performing cost assignment, cost accumulation, revenue
accumulation, cost monitoring, and generating reports.
END OF
PAGE 2
Objectives for GFEBS Implementation - ANSWERS-1. Enable the
automation and integration of the majority of the Army's business
processes.
2. Use of common data and business practices across the Army and
throughout DoD by using the Standard Financial Information Structure
(SFIS) to standardize data.
3. Enable users to produce and access information in a real-time
environment.
systems replaced - ANSWERS-two major systems replaced were the
Standard Finance System (STANFINS) and the Standard Operation and
Maintenance Army Research and Development System (SOMARDS).
L. 3 - SDRN - ANSWERS-Standard document reference number
SFIS - ANSWERS-Standard Financial Information Structure (SFIS
END OF
PAGE 1
, GFEBS EXAM LATEST
sfis PLUS gfebs ALLOWS - ANSWERS-The use of SFIS within
GFEBS facilitates end-to-end connection of key business activities and
provides:
•a means to record and track auditable financial information
•a basis for conducting sound financial analysis
•timely and reliable executive decision support
Funds Management - ANSWERS-Includes budget authority, fund
allocation, maintaining funds availability, performing funds analysis,
budgetary accounting, and generating reports
Cost Management - ANSWERS-Includes capturing cost accounting
data, performing cost assignment, cost accumulation, revenue
accumulation, cost monitoring, and generating reports.
END OF
PAGE 2
