TRUE
The GFEBS provides the Army with financial information across its operations. It integrated six functional business areas. These Ares include fund management, spending chain, cost management, financials, reimburseables, and property, plant, and equipment.
The GFEBS business process area that mainly includes distributing, allocating, and executing funds, ensuring that funds are not over-committed, and allowing the Army to perform strategic planning is the Funds Management process. This process involves managing the Army's financial resources efficiently by monitoring budget allocations, tracking expenditures, and ensuring compliance with financial regulations and policies. By effectively managing funds through the Funds Management process, the Army can make informed decisions and allocate resources strategically to support its mission objectives.
NOT office of management and budget (OMB)
MAJCOMS
TRUE
GFEBS (General Fund Enterprise Business System) is the US Army's web-enabled financial, asset, and accounting management system. It helps the Army achieve auditability and supports financial visibility and decision-making. GFEBS includes modules for budget execution, funds management, cost management, and real property and equipment accountability.
FUNDS
The GFEBS provides the Army with financial information across its operations. It integrated six functional business areas. These Ares include fund management, spending chain, cost management, financials, reimburseables, and property, plant, and equipment.
The GFEBS provides the Army with financial information across its operations. It integrated six functional business areas. These Ares include fund management, spending chain, cost management, financials, reimburseables, and property, plant, and equipment.
The GFEBS provides the Army with financial information across its operations. It integrated six functional business areas. These Ares include fund management, spending chain, cost management, financials, reimburseables, and property, plant, and equipment.
The GFEBS provides the Army with financial information across its operations. It integrated six functional business areas. These Ares include fund management, spending chain, cost management, financials, reimburseables, and property, plant, and equipment.
A Purchase Requisition (PR) document can be used to initiate a request for goods or services and record a commitment of funds in GFEBS.
A Purchase Requisition (PR) document can be used to initiate a request for goods or services and record a commitment of funds in GFEBS.
The GFEBS business process area that mainly includes distributing, allocating, and executing funds, ensuring that funds are not over-committed, and allowing the Army to perform strategic planning is the Funds Management process. This process involves managing the Army's financial resources efficiently by monitoring budget allocations, tracking expenditures, and ensuring compliance with financial regulations and policies. By effectively managing funds through the Funds Management process, the Army can make informed decisions and allocate resources strategically to support its mission objectives.
REIMBURSABLES
Purchase Order (PO)