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GFEBS Business Process Areas 2023/2024 already graded A+
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GFEBS Business Process Areas 2023/2024 already graded A+
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GFEBS Business Process AreasFunds Management - ANSWithin 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 - ANSReimbursable Order Processing and Debt Management are the two
primary sub-processes that encompass the Reimbursables (RM) business process.
Spending Chain - ANSSpending 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 - ANSNow, let's look at the Financials (FI) business process area.
In GFEBS, Financials relies on the execution of five key sub- processes (shown below) to
gather the financial data that accurately reflects and conveys the current financial state of the
Army.
•Manage General Ledger Accounts
•Process Journal Vouchers
•Perform Cash Balancing
•Perform Period-End Close
•Perform Year-End Close
How does the Army use GFEBS to report financial status to the DoD and Treasury? - ANSFirst,
GFEBS is the financial book of record for the Army's General Fund. Each period-end, the Army
uses GFEBS to generate standardized financial reports. The General Ledger maintained in
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