Which document below is created to document obligations in GFEBS when an obligation arises?

Study for the GFEBS Acquisition Process (L250E) Test with comprehensive flashcards and multiple-choice questions. Each question is accompanied by hints and thorough explanations. Get prepared to excel in your exam effortlessly!

The correct choice is the Funds Commitment Document, as it serves a fundamental role in the GFEBS (General Fund Enterprise Business System) by recording obligations when they occur. This document is essential for managing financial commitments within the system, allowing for the tracking and monitoring of available funds against expected expenses.

When an obligation arises, the Funds Commitment Document captures the necessary details, ensuring that the relevant financial data is updated in real time to reflect current commitments. This helps maintain accurate budgetary control and provides transparency into the organization's financial commitments.

In contrast, the Goods Receipt Document is primarily used to acknowledge the receipt of goods and does not track obligations directly. The Purchase Order is an agreement to purchase goods or services but functions more as an initiating document rather than a definitive record of obligation. Similarly, the Contract Writing Document serves to formalize contracts but does not specifically document obligations in the context of the GFEBS system as the Funds Commitment Document does.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy