GFEBS QUESTIONS AND ANSWERS
Objectives for GFEBS Implementation Ans- 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...
GFEBS QUESTIONS AND ANSWERS
Objectives for GFEBS Implementation Ans- 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 Ans- 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 Ans- Standard document reference number
SFIS Ans- Standard Financial Information Structure (SFIS
sfis PLUS gfebs ALLOWS Ans- 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 Ans- Includes budget authority, fund allocation, maintaining funds availability,
performing funds analysis, budgetary accounting, and generating reports
Cost Management Ans- Includes capturing cost accounting data, performing cost assignment, cost
accumulation, revenue accumulation, cost monitoring, and generating reports.
Financials Ans- 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 Ans- ncludes functions related to the generation of revenue and billing for reimbursable
orders, and debt management.
Spending Chain Ans- Includes functions related to purchase requisitions, purchase orders, goods
receipts, invoice receipts, and payments. GPC andMIPR
Property, Plant and Equipment Ans- Includes functions related to Plant Maintenance, Real Property,
asset accounting, and Project Systems.
Asset accounting Ans- •Maintaining Asset Master Data
•Transferring Assets
•Selling or Disposing of Assets
•Depreciating Assets
•Retiring Assets
Transaction codes Ans- -codes beginning with:
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