GFEBS > EXAM > GFEBS Spending Chain Purchase Orders Brand NEW | Latest 2023-2024 | Complete Questions & Answers (So (All)
GFEBS Spending Chain Purchase Orders Brand NEW | Latest 2023-2024 | Complete Questions & Answers (Solved)
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1. Spending Chain is made up of two sub-processes:: ANSWER - •The Acquisition Process is made up of the Material Master Data, the Vendor Master Data and theProcurement of Goods or Services. •T... he Accounts Payable Process is made up of Post Invoice and Payment Programs. 2. What are purchase orders?: ANSWER - is a way GFEBS records an obligation based on a pre-commitment or commitment document. After a Purchase requisition (PR) is funds certified, it will require a Purchase Order to obligate funds. 3. What is another way to post an obligation in GFEBS?: ANSWER - A Funds Commitmentdocument. It is different from a PO because it does not require a commitment docu-ment as it posts a simultaneous commitment and obligation. These documents aremore commonly used for Miscellaneous Payments not subject to Prompt Payment,travel external to the Defense Travel System (DTS) and are sometimes posted viaa system partner interface as is the case with DTS and the Funds Control Module(FCM). These documents are financial documents created with transaction code FMZ1. 4. What is the transaction code to create a funds document?: ANSWER - FMZ1 [Show More]
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