GFEBS Business Process Areas Accurate 100%.

Funds Management - 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 - ANSWER Reimbursable Order Processing and Debt Management are the two primary sub-processes that encompass the Reimbursables (RM) business process. Spending Chain - 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 - ANSWER Now, 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? - ANSWER First, GFEBS is the financial book of record for the Army's General Fund. E