Quickcomputerstips
- What system does Gfebs utilize for accounting?
- What are the primary functions of funds management in Gfebs?
- What are positions 2 and 3 of the fund center?
- What is the role of Gfebs?
- What is the purpose of Gfebs?
- What is financials in Gfebs?
- What is cost management in Gfebs?
- What is Business Intelligence in Gfebs?
- What are Gfebs material types?
- Does Gfebs comply with laws and regulations?
- What is spending chain Gfebs?
- What are DoD funds?
- What are the three primary accounting systems used by the Don?
- What are fund holders required to review commitment transactions for?
What system does Gfebs utilize for accounting?
General Fund Enterprise Business Systems (GFEBS) employs a Commercial-Off-The-Shelf (COTS), web-based Enterprise Resource Planning (ERP) solution to integrate financial, real property and other asset, cost and performance data.
What are the primary functions of funds management in Gfebs?
The Funds Management Process area incorporates both Budgeting and Funds Control / Distribution, for General Fund appropriations received by the Army. Budgeting and Funds Control / Distribution occur in both GFEBS ECC and GFEBS BI.
What are positions 2 and 3 of the fund center?
The Funds Center hierarchy is comprised of four levels, as follows: Level 1–HQDA; Level 2–commands, ASCCs, DRUs, etc., receiving funds from Level 1; Level 3–subordinate commands/elements/activities; and Level 4–lowest level (optional).
What is the role of Gfebs?
GFEBS is the Army's cloud-based financial, asset and accounting management system that standardizes, streamlines and shares critical data across the active-duty Army, the Army National Guard and the Army Reserve. ... GFEBS also is a financial management ERP system for classified customers.
What is the purpose of Gfebs?
The main objective of GFEBS is to improve accountability and stewardship and to standardize financial and business processes. GFEBS will bring a majority of the Army financial management into a single system allowing the Army to fully assess performance and costs.
What is financials in Gfebs?
First, GFEBS is the financial book of record for the Army's General Fund. ... The General Ledger maintained in GFEBS contains the source transactions and balances required to generate the financial reports. These reports summarize the overall financial condition of the Army's General Fund.
What is cost management in Gfebs?
GFEBS is a resource planning and financial management system. The system integrates finance performance, and cost data with related procurement, acquisition and contract data. Its programs cover budget, payroll, labor, equipment, and project spending.
What is Business Intelligence in Gfebs?
Master and transactional data is extracted from GFEBS ECC to BI from the Finance, Cost Management, and Funds Management business process areas. ... Business Intelligence (BI) serves as a data management tool to generate reports, build budget plans, and distribute funds.
What are Gfebs material types?
The GFEBS Non-Stock Materials is a material type used for materials in which quantity is not tracked (e.g., spare parts for equipment). The GFEBS Service material type can be used to record commonly-used services as a material (i.e. janitorial / cleaning services). Service material types are only created in AESIP.
Does Gfebs comply with laws and regulations?
The requirements mandated that GFEBS: •Provide modern financial capability to support the modular, joint, and expeditionary Army. Support timely, reliable, and accurate financial data for decision making. Replace legacy systems and processes that prevent reliable execution. Comply with laws and regulations.
What is spending chain Gfebs?
Spending Chain includes the most widely-used GFEBS transactions, those related to purchase requisitions and purchase orders.
What are DoD funds?
DoD Education Benefits Trust Fund - A fund established for education assistance purposes for active and reserve force personnel. It derives its resources through transfers from military person- nel accounts and from interest earned from investments in Federal Government securities.
What are the three primary accounting systems used by the Don?
For the Navy, Standard Accounting, Budgeting, and Reporting System (SABRS), Standard Accounting and Reporting System (STARS) Field Level (FL) and Headquarters Claimant Module (HCM) were identified as its primary systems.
What are fund holders required to review commitment transactions for?
Fund holders, with assistance from supporting accounting offices, shall review commitment and obligation transactions for timeliness, accuracy, and completeness during each of the four month periods ending on January 31, May 31, and September 30 of each fiscal year.
