GFEBS L250E ACQUISITION PROCESS
OVERVIEW EXAM Questions with 100%
CORRECT ANSWERS Latest Versions TOP
RATED A+
Non-CCR vendors are entered into GFEBS by: ✔✔DFAS
Purchase Requisition ✔✔Composed of recording PR which starts the
process, entering a PO which records the award of a contract and the
GR.
Purchase Order ✔✔A document that records a legal obligation of
funds
General Ledger ✔✔the main accounting record of an organization that
records debits and credits. provides a summary of all of the financial
transactions that occur in the organization
Movement Type ✔✔a three character clasification key that indicates
,Goods Receipt ✔✔a movment type created for the receipt of goods
Goods Acceptance ✔✔a movement type that occurs when the goods
have been inspected and accepted.
Goods Receipt/Acceptance ✔✔a document posed in GFEBS that
verifies that a specified quantity of material has been received against an
order may be performed simultaneously on a single transaction or
sequentailly with multiple transactions.
Funds Pre-Commitment Document ✔✔a method to record an LOA
which will be cited by incoming obligation interfaces such as AXOL and
FCM
Funds Commitment Document ✔✔Another way to record an
obligation besides using a PO it is used to commit and obigate in one step
for certain business processes where a po is not necessary miscellaneous
payment obligations not
Interfacing System ✔✔an external system that interacts with GFEBS
by sending or receiving information electronically to or from GFEBS
Contract Writing System ✔✔An external system that writes contracts
,PR Approval Workflow ✔✔when sps pr outbound mipr prs and
defense medical logistics standars support prs are recorded in GFEBS
they go through a workflow for approval aby different levels of approvers
in FGEBS. the PR maintainer maintains the information used to
determine who perofmrs each
Blocked PR ✔✔a PR that has yet to obtian all required approvals via
the PR approval workflow
Release Strategy ✔✔a pre determined workflow path based on
characteristeics of the goods or services being purchased. the purchase
requisition processor selcts the release strategy based on those
characterists, whcih in turn directs the PR to all required
Commitment ✔✔an administrative reservation of funds based on firm
procurement request orders directives and other equivalent instrucments
Obligation ✔✔represents the legal reservation of funds after either a
contract has been signed or a service provider has agreed to provide
goods or services in GFEBS and obligation is generally representented by
PO or a funds commitment docment
Contract ✔✔a legally binding agrreement between a buyer and vendor
for the purchase of good or services for a specified quantity or price over
a specified length of time it must be aministered by a contracing office to
, establish an agrement with the warded vendor.
Procurement with Logistics ✔✔The Procurement with Logistics
process includes recording proprietary and budgetary ledger entries.
Examples of proprietary ledger entries include GR/Acceptances:
Expenses Accounts Payable
Examples of budgetary ledger entries include:
Commitments (i.e., PRs)
Obligations (i.e., POs/funds commitment documents)
Procurement with Logistics Process Key Activities ✔✔Below is a list of
activities associated with the Procurement with Logistics process.
Create/Change PR ✔✔created a pr for goods or services that result in
a commitment of funds
PR Approval ✔✔addresses the workflow approval processed for a pr.
after a pr is
Create/Change PO ✔✔creates processes or changes an obligation in
GFEBS using PO document either manually or through an interfaces.
OVERVIEW EXAM Questions with 100%
CORRECT ANSWERS Latest Versions TOP
RATED A+
Non-CCR vendors are entered into GFEBS by: ✔✔DFAS
Purchase Requisition ✔✔Composed of recording PR which starts the
process, entering a PO which records the award of a contract and the
GR.
Purchase Order ✔✔A document that records a legal obligation of
funds
General Ledger ✔✔the main accounting record of an organization that
records debits and credits. provides a summary of all of the financial
transactions that occur in the organization
Movement Type ✔✔a three character clasification key that indicates
,Goods Receipt ✔✔a movment type created for the receipt of goods
Goods Acceptance ✔✔a movement type that occurs when the goods
have been inspected and accepted.
Goods Receipt/Acceptance ✔✔a document posed in GFEBS that
verifies that a specified quantity of material has been received against an
order may be performed simultaneously on a single transaction or
sequentailly with multiple transactions.
Funds Pre-Commitment Document ✔✔a method to record an LOA
which will be cited by incoming obligation interfaces such as AXOL and
FCM
Funds Commitment Document ✔✔Another way to record an
obligation besides using a PO it is used to commit and obigate in one step
for certain business processes where a po is not necessary miscellaneous
payment obligations not
Interfacing System ✔✔an external system that interacts with GFEBS
by sending or receiving information electronically to or from GFEBS
Contract Writing System ✔✔An external system that writes contracts
,PR Approval Workflow ✔✔when sps pr outbound mipr prs and
defense medical logistics standars support prs are recorded in GFEBS
they go through a workflow for approval aby different levels of approvers
in FGEBS. the PR maintainer maintains the information used to
determine who perofmrs each
Blocked PR ✔✔a PR that has yet to obtian all required approvals via
the PR approval workflow
Release Strategy ✔✔a pre determined workflow path based on
characteristeics of the goods or services being purchased. the purchase
requisition processor selcts the release strategy based on those
characterists, whcih in turn directs the PR to all required
Commitment ✔✔an administrative reservation of funds based on firm
procurement request orders directives and other equivalent instrucments
Obligation ✔✔represents the legal reservation of funds after either a
contract has been signed or a service provider has agreed to provide
goods or services in GFEBS and obligation is generally representented by
PO or a funds commitment docment
Contract ✔✔a legally binding agrreement between a buyer and vendor
for the purchase of good or services for a specified quantity or price over
a specified length of time it must be aministered by a contracing office to
, establish an agrement with the warded vendor.
Procurement with Logistics ✔✔The Procurement with Logistics
process includes recording proprietary and budgetary ledger entries.
Examples of proprietary ledger entries include GR/Acceptances:
Expenses Accounts Payable
Examples of budgetary ledger entries include:
Commitments (i.e., PRs)
Obligations (i.e., POs/funds commitment documents)
Procurement with Logistics Process Key Activities ✔✔Below is a list of
activities associated with the Procurement with Logistics process.
Create/Change PR ✔✔created a pr for goods or services that result in
a commitment of funds
PR Approval ✔✔addresses the workflow approval processed for a pr.
after a pr is
Create/Change PO ✔✔creates processes or changes an obligation in
GFEBS using PO document either manually or through an interfaces.
