GFEBS.pdf file:///C:/Users/HP/Desktop/New%20folder/GFEBS
GFEBS STUDY
1. Objectives for GFEBS Implementation: 1. Enable the automation and integra-tion of the
majority of the Army's business processes.
2. Use of common data and business practices across the Army and throughout DoDby using the
Standard Financial Information Structure (SFIS) to standardize data.
3. Enable users to produce and access information in a real-time environment.
2. systems replaced: two major systems replaced were the Standard Finance System
(STANFINS) and the Standard Operation and Maintenance Army Researchand Development
System (SOMARDS).
3. L. 3 - SDRN: Standard document reference number
4. SFIS: Standard Financial Information Structure (SFIS
5. sfis PLUS gfebs ALLOWS: The use of SFIS within GFEBS facilitates end-to-endconnection of
key business activities and provides:
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,GFEBS.pdf file:///C:/Users/HP/Desktop/New%20folder/GFEBS
•a means to record and track auditable financial information
•a basis for conducting sound financial analysis
•timely and reliable executive decision support
6. Funds Management: Includes budget authority, fund allocation, maintaining funds
availability, performing funds analysis, budgetary accounting, and generatingreports
7. Cost Management: Includes capturing cost accounting data, performing cost assignment,
cost accumulation, revenue accumulation, cost monitoring, and gen-erating reports.
8. Financials: Includes maintaining the chart of accounts and transaction posting rules,
recording Journal Voucher entries, posting transactions to the General Ledgerand performing
period end closing.
9. Reimburseables: ncludes functions related to the generation of revenue andbilling for
reimbursable orders, and debt management.
10. Spending Chain: Includes functions related to purchase requisitions, purchaseorders, goods
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GFEBS STUDY
1. Objectives for GFEBS Implementation: 1. Enable the automation and integra-tion of the
majority of the Army's business processes.
2. Use of common data and business practices across the Army and throughout DoDby using the
Standard Financial Information Structure (SFIS) to standardize data.
3. Enable users to produce and access information in a real-time environment.
2. systems replaced: two major systems replaced were the Standard Finance System
(STANFINS) and the Standard Operation and Maintenance Army Researchand Development
System (SOMARDS).
3. L. 3 - SDRN: Standard document reference number
4. SFIS: Standard Financial Information Structure (SFIS
5. sfis PLUS gfebs ALLOWS: The use of SFIS within GFEBS facilitates end-to-endconnection of
key business activities and provides:
1/4
1 of 8 9/5/2024, 3:04
,GFEBS.pdf file:///C:/Users/HP/Desktop/New%20folder/GFEBS
•a means to record and track auditable financial information
•a basis for conducting sound financial analysis
•timely and reliable executive decision support
6. Funds Management: Includes budget authority, fund allocation, maintaining funds
availability, performing funds analysis, budgetary accounting, and generatingreports
7. Cost Management: Includes capturing cost accounting data, performing cost assignment,
cost accumulation, revenue accumulation, cost monitoring, and gen-erating reports.
8. Financials: Includes maintaining the chart of accounts and transaction posting rules,
recording Journal Voucher entries, posting transactions to the General Ledgerand performing
period end closing.
9. Reimburseables: ncludes functions related to the generation of revenue andbilling for
reimbursable orders, and debt management.
10. Spending Chain: Includes functions related to purchase requisitions, purchaseorders, goods
2/4
2 of 8 9/5/2024, 3:04
