CDFM Financial Systems and Technology 1

Question 1

Which DoD financial management system replaced STANFINS and serves as the Army's primary general ledger system?

Accepted Answer

GFEBS

Answer

GFEBS (General Fund Enterprise Business System) replaced legacy systems like STANFINS and serves as the Army's enterprise resource planning system for financial management.

Question 2

DEAMS is the DoD financial management system primarily used by which military branch?

Accepted Answer

Air Force and Space Force

Answer

DEAMS (Defense Enterprise Accounting and Management System) is the enterprise resource planning system used by the Air Force and Space Force for financial management.

Question 3

What system does the Navy and Marine Corps use as their primary financial and accounting system?

Accepted Answer

SABRS

Answer

SABRS (Standard Accounting, Budgeting, and Reporting System) is the primary financial and accounting system used by the Navy and Marine Corps.

Question 4

The Defense Agencies Initiative (DAI) provides financial management ERP capabilities to which organizations?

Accepted Answer

Fourth Estate defense agencies

Answer

DAI provides ERP financial management capabilities to Fourth Estate defense agencies and field activities not served by the military department systems.

Question 5

What is the primary purpose of the DoD's Standard Line of Accounting (SLOA)?

Accepted Answer

To provide a uniform accounting classification structure across DoD

Answer

The Standard Line of Accounting (SLOA) provides a uniform 57-character accounting classification structure that enables consistent financial data reporting across all DoD components.

CDFM - Certified Defense Financial Manager Practice Test

CDFM - Certified Defense Financial Manager Practice Test

CDFM Financial Systems and Technology 1