Table of Contents
What does gfebs stand for in business process area?
GFEBS is a SAP implementation to account for and manage the Army’s General Fund. SAP ECC (Enterprise Resource Planning Central Component) contains several modules that have been implemented by GFEBS allowing for various business processes previously conducted in disparate legacy systems to be consolidated in one system.
Certain master data within FI closely integrates with master data in other GFEBS business process areas, particularly with Funds Management (FM) and Cost Management (CM). Each revenue and expense GL account in FI corresponds to a commitment item in FM and a cost element in CM.
How does the PP and E process work in gfebs?
As with all business process areas in GFEBS, Property, Plant and Equipment (PP&E) has four sub-processes that work together and integrate with the other GFEBS process areas in order to provide a single financial solution. Clickthe sub-processes to continue. Real Property primary activities:
How does gfebs support the Army Acquisition process?
GFEBS supports all Army acquisitions, whether through contracts, government purchase cards, manual processes, or outbound MIPRs. Vendor Master Data Vendor Master Data exists in GFEBS and integrates with the Acquisitions and Accounts Payable sub-processes within the Spending Chain business process area.
What is cost management in gfebs?
GFEBS Essentials. Cost Management (CM) helps manage business operations efficiently and effectively through the accurate measurement and understanding of the “full cost” of an organization’s business processes, products, and services. Cost Management allows the organization to provide the best value to customers.
Which is an example of a gfebs example?
GFEBS Essentials Example 1: The distribution of funds result in General Ledger (GL) postings. Example 2: Sales Orders for Reimbursables are associated with WBS Elements which contain the FM Budget Address to post the Reimbursable Authority to. Example 3: