GFEBS Exam 2025 Questions and Answers

GFEBS Exam 2025 Questions and
Answers


Objectives for GFEBS Implementation - --Answer --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 - --Answer --two major systems replaced were the Standard

Finance System (STANFINS) and the Standard Operation and Maintenance Army

Research and Development System (SOMARDS).




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, L. 3 - SDRN - --Answer --Standard document reference number


SFIS - --Answer --Standard Financial Information Structure (SFIS


sfis PLUS gfebs ALLOWS - --Answer --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 - --Answer --Includes budget authority, fund allocation,

maintaining funds availability, performing funds analysis, budgetary accounting,

and generating reports


Cost Management - --Answer --Includes capturing cost accounting data,

performing cost assignment, cost accumulation, revenue accumulation, cost

monitoring, and generating reports.


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