GFEBS Exam Questions With 100% Correct Answers

GFEBS Exam Questions With 100% Correct Answers Which of the following is an example of a legacy environment deficiency? - answerAll of the above GFEBS supports all the following DoD Business Architecture except: - answerInstallations and Environment GFEBS replaced approximately _______ of the legacy financial, overlapping and redundant systems. - answer80% GFEBS is a product of a _______ mandate to provide the Army and DoD with relevant, reliable and timely financial information. - answerCongressional What does the term ERP stand for? - answerEnterprise Resource Planning An advantage of the GFEBS ERP is that the system is web- based - answerTrue An ERP system reduces errors through the use of a shared database between business process areas. - answerTrue A benefit of PP&E is that it standardizes maintenance processes, which allows the DPW community to identify best practices and apply them consistently. - answerTrue With the implementation of GFEBS for Real Property, functionality was subsumed into a single financial solution. - answerTrue A benefit of GFEBS is that the different process areas are independent to maintain data integrity. - answerFalse Which of the following are business process areas within GFEBS? - answerAll of the above In GFEBS, the Reimbursables business process area encompasses the tracking of real property. - answerFalse Which of the following business process areas performs funds analysis and budgetary accounting? - answerFunds Managemen