GFEBS Essentials [Subsumes L101E, L201E,
L303E] Latest Update 2024-2025 Questions and
Verified Correct Answers Guaranteed A+
1.Which of the following is a benefit of GFEBS - CORRECT ANSWER: *A web-based
system
2.The _____ escalated the need for federal financial management systems to provide
accurate, reliable, and timely financial management information to the government's
highest levels. - CORRECT ANSWER: *Federal Financial Management Improvement
Act
3.A ____ is a self-contained series of screens that enable a user to complete specific
activities. - CORRECT ANSWER: Request
Transaction
4.Which is NOT a benefit of GFEBS for the Army? - CORRECT ANSWER: It is a nonintegrated system which allows departments to each to have their own database
5.Which data entry field has a check mark in the field? - CORRECT ANSWER:
Required Fields
Conditional Fields
6.Which module is used in GFEBS to track and manage costs for certain projects within
the Army? - CORRECT ANSWER: Spending Chain
Project Systems
7.GFEBS uses the ERP program SAP, which provides _______. - CORRECT
ANSWER: A common data structure
Automated accounting transaction corrections
8.Which of the following is a true statement concerning GFEBS? - CORRECT
ANSWER: GFEBS information is stored in a common relational database.
*GFEBS operates under the same file structure as STANFINS.
GFEBS maintains separate systems for each of its components.
9.Which of the following is NOT an activity of the Asset Accounting sub-process? -
CORRECT ANSWER: Transferring Assets
*Maintaining Master Data