GFEBS Business Process Areas Exam Questions With 100% Correct Answers

GFEBS Business Process Areas Exam Questions With 100% Correct Answers Funds Management - answerWithin GFEBS, the Funds Management (FM) business processing function performs the budgeting and funds control for General Fund appropriations received by the Army. The major purposes of Funds Management include: •Distributing, allocating and executing funds •Ensuring that funds are not over-committed •Allowing the Army to perform strategic planning FM integrates primarily with the Financials (FI), Reimbursables (RM), and Spending Chain (SC) business process areas. Reimbursables - answerReimbursable Order Processing and Debt Management are the two primary sub-processes that encompass the Reimbursables (RM) business process. Spending Chain - answerSpending Chain includes the most widely-used GFEBS transactions, those related to purchase requisitions and purchase orders. This includes: - Accounts Payable - Acquisitions - Vendor Master Data - Material Master Data Financials - answerNow, let's look at the