GFEBS real property reports exam with accurate ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
solutions
Objectives for GFEBS Implementation - correct 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 - correct answer✔✔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 - correct answer✔✔Standard document reference number
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
SFIS - correct answer✔✔Standard Financial Information Structure (SFIS
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
sfis PLUS gfebs ALLOWS - correct 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 - correct answer✔✔Includes budget authority, fund allocation,
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
maintaining funds availability, performing funds analysis, budgetary accounting, and ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
generating reports ||\\//||
Cost Management - correct answer✔✔Includes capturing cost accounting data, performing
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
cost assignment, cost accumulation, revenue accumulation, cost monitoring, and generating
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
reports.
||\\//||
Financials - correct answer✔✔Includes maintaining the chart of accounts and transaction ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
posting rules, recording Journal Voucher entries, posting transactions to the General Ledger
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
and performing period end closing.
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Reimburseables - correct answer✔✔ncludes functions related to the generation of revenue ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
and billing for reimbursable orders, and debt management.
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Spending Chain - correct answer✔✔Includes functions related to purchase requisitions, ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
purchase orders, goods receipts, invoice receipts, and payments. GPC andMIPR ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Property, Plant and Equipment - correct answer✔✔Includes functions related to Plant ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Maintenance, Real Property, asset accounting, and Project Systems. ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Asset accounting - correct answer✔✔•Maintaining Asset Master Data
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
•Transferring Assets ||\\//||
solutions
Objectives for GFEBS Implementation - correct 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 - correct answer✔✔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 - correct answer✔✔Standard document reference number
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
SFIS - correct answer✔✔Standard Financial Information Structure (SFIS
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
sfis PLUS gfebs ALLOWS - correct 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 - correct answer✔✔Includes budget authority, fund allocation,
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
maintaining funds availability, performing funds analysis, budgetary accounting, and ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
generating reports ||\\//||
Cost Management - correct answer✔✔Includes capturing cost accounting data, performing
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
cost assignment, cost accumulation, revenue accumulation, cost monitoring, and generating
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
reports.
||\\//||
Financials - correct answer✔✔Includes maintaining the chart of accounts and transaction ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
posting rules, recording Journal Voucher entries, posting transactions to the General Ledger
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
and performing period end closing.
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Reimburseables - correct answer✔✔ncludes functions related to the generation of revenue ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
and billing for reimbursable orders, and debt management.
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Spending Chain - correct answer✔✔Includes functions related to purchase requisitions, ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
purchase orders, goods receipts, invoice receipts, and payments. GPC andMIPR ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Property, Plant and Equipment - correct answer✔✔Includes functions related to Plant ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Maintenance, Real Property, asset accounting, and Project Systems. ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Asset accounting - correct answer✔✔•Maintaining Asset Master Data
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
•Transferring Assets ||\\//||
