Gfebs sp - Study guides, Class notes & Summaries

GFEBS SPENDING CHAIN: PURCHASE REQUISITIONS Questions and Answers (Verified Answers) Purchase Requisition Processor •Serves as the PR initiator, receiving and validating requirements and entering the PR. •The Purchase Requisition Processor also makes changes and corrections to PRs as required. •They coordinate with the Purchase Requisition Interface Processing Monitor in the event of interface errors. Purchase Requisition Interface Processing Monitor Validates inbound and outb...

GFEBS SPENDING CHAIN PURCHASE REQUISITIONS AND ANSWERS

When creating a Purchase Order, which flow process is used for SPS? Purchase Requisition - Fund Certification - Contracting - Purchase Order Transactions which run reports and analyzing POs include ____. ME5A A funds commitment document does not require a _____. Goods receipt Which of the following is a method of charging goods and/or services to a specific cost object? Account Assignment Which role can change a manually entered Purchase Order? The Purchase Order Processor

An invoice cannot be unblocked if the Managing Account on an EDI-821 and the EDI 810 _____ are different - Invoice Which account assignment is used specifically for AXOL Rebates? - R Which of the following is a government approved acquisition method that allows approved cardholders to make purchases? - Purchase card If the GPC purchase exceeds the obligation amount, what must be adjusted in GFEBS for successful posting? - PO How many card accounts can be identified per PR? - 1 Eac...

GFEBS Spending Chain - Manage Purchase Requisition Questions and Answers | Latest Update | 2024/2025 | Rated A+ What is a purchase requisition in financial management? A purchase requisition is a formal request for goods or services needed by an organization, initiating the procurement process. What information is typically included in a purchase requisition? It typically includes details such as item description, quantity, required delivery date, and cost estimates. How does...

When creating a Purchase Order, which flow process is used for SPS? CORRECT ANSWER Purchase Requisition - Fund Certification - Contracting - Purchase Order Transactions which run reports and analyzing POs include ____. CORRECT ANSWER ME5A A funds commitment document does not require a _____. CORRECT ANSWER Goods receipt Which of the following is a method of charging goods and/or services to a specific cost object? CORRECT ANSWER Account Assignment Which role can change a manually ent...

GFEBS Spending Chain Questions with complete solution 2024 What category of vendor is maintained in the Army Logistics Information Warehouse (LIW)? - correct answer Army depots Which of the following is a true statement about Purchase Orders (POs)? - correct answer A PO represents an obligation of funds in GFEBS Which of the following is an example of a Purchase Order created by an interface? - correct answer Standard Procurement System (SPS) PO Material Master Data that resides i...

GFEBS Spending Chain - Purchase Order Questions and Answers | Latest Update | 2024/2025 | Already Passed What is the purpose of a purchase order in the spending chain? The purpose of a purchase order is to formally request goods or services from a supplier and to outline the terms of the purchase. How does a purchase order affect the financial management process? A purchase order helps manage expenses by documenting and controlling commitments and expenditures. What information ...

GFEBS Spending Chain- Material and Vendor Exam Questions and Answers

GFEBS Spending Chain Question and answers 100% correct 2024 What GFEBS role is responsible for verifying that the correct fund is being cited on the Purchase Requisition in the approval workflow? - correct answer Fund Certifier When entering a Purchase Requisition manually, a Purchase Requisition Processor enters a Release Strategy Indicator. An example of a Release Strategy Indicator is _____. - correct answer All of the above Once a Purchase Requisition is fuds certified, it cannot ...