GFEBS Business Process Areas question and answers rated A+ 2023

GFEBS Business Process Areas question and answers rated A+ 2023Funds Management - correct answer Within 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 - correct answer Reimbursable Order Processing and Debt Management are the two primary sub-processes that encompass the Reimbursables (RM) business process. Spending Chain - correct answer Spending 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 - correct answer Now, let's look at the Financials (FI) business process area.