GFEBS COST MANAGEMENT JEOPARDY! Week I Review

Cost Assignment / Settlement Cost Mgt. Overview Capture Cost / Cost Planning Funds Master Data Elements Reporting Analysis Functions Cost Mgt. / Objects 1 1 1 1 1 1 2 2 2 2 2 2 3 3 3 3 3 3 4 4 4 4 4 4 5 5 5 5 5 5 FINAL JEOPARDY

Underlying belief and principles guiding Soldier / Civilian behavior Cost Mgt. Overview for 1 Underlying belief and principles guiding Soldier / Civilian behavior What is ‘Cost Culture?’

Cost Mgt. Overview for 1 What is Cost Culture? What is Cost Culture?

Cost Mgt. Overview for 2 Cost Mgt. provides Army leaders and Mgrs. with this, this, and this… Cost information. What is Real-Time / Accurate / and Relevant?

What is Real-Time / Accurate / and Relevant? Cost Mgt. Overview for 2 What is Real-Time / Accurate / and Relevant?

This is the first step in the Cost Management process. Cost Mgt. Overview for 3 This is the first step in the Cost Management process. What is Create Master data Elements

What are Create Master Data Elements? Cost Mgt. Overview for 3 What are Create Master Data Elements? What are Create Master Data Elements?

Cost Mgt. Overview for 4 Radio buttons offer a single selection whereas this offers multiple selections. What are Check boxes?

Cost Mgt. Overview for 4 What are Check boxes? What are Check boxes?

These are the two Cost Allocation Types PPBE Process for 5 Cost Mgt. Overview for 5 These are the two Cost Allocation Types What are Value and Quantity based allocations?

What are Value and Quantity based allocations Cost Mgt. Overview for 5 What are Value and Quantity based allocations What are Value and Quantity based allocations?

Funds Master Data Elements for 1 This is the foundation for all transactions in the GFEBS system. What is Master data?

Funds Master Data Elements for 1 What is Master Data? What is Master Data?

Funds Master Data Elements for 2 Cost Master Data contains this many elements. What is 6

Funds Master Data Elements for 2 What is 6? What is 6

Funds Master Data Elements for 3 There are this many parts in the GFEBS LOA. What is 7

Funds Master Data Elements for 3 What is 7? What is 7

Funds Master Data Elements for 4 The APE and MDEP were both subsumed by this element. What is Functional Area?

Funds Master Data Elements for 4 What is Functional Area? What is Functional Area?

Funds Master Data Elements for 5 This is a transaction that affects two accounts, a credit to one and a debit to the other. What is Double-Entry Bookkeeping?

Funds Master Data Elements for 5 What is Double-Entry Bookkeeping? What is Double-Entry Bookkeeping?

Cost Assignment / Settlement for 1 During a given period, costs are collected to an array of these. What are Cost Collectors?

Cost Assignment / Settlement for 1 What are Cost Collectors? What are Cost Collectors?

Cost Assignment / Settlement for 2 As it pertains to the this relationship, there may be multiple Receivers. What is the ‘Sender-Receiver’ relationship?

Cost Assignment / Settlement for 2 What is the ‘Sender-Receiver’ relationship? What is the ‘Sender-Receiver’ relationship?

Cost Assignment / Settlement for 3 Assigning these 2 types of costs are methods of assessment. What are Primary and Secondary?

Cost Assignment / Settlement for 3 What are Primary and Secondary? What are Primary and Secondary?

Cost Assignment / Settlement for 4 . Secondary Cost Objects are auto-created in GFEBS is a True or False statement. What is False?

Cost Assignment / Settlement for 4 What is False? What is False?

Cost Assignment / Settlement for 5 This is a method of assigning costs to activities, outputs, or other Cost Objects. What is Cost Allocation?

Cost Assignment / Settlement for 5 What is Cost Allocation? What is Cost Allocation?

Cost Planning / Capture Cost for 1 This focuses on the efficient and effective use of all resources used by organizations. What is a Cost Planning?

Capture Cost / Cost Planning for 1 What is a Cost Planning? What is a Cost Planning?

Capture Cost / Cost Planning for 2 A Cost Object is this numbered element in the SFIS LOA. What is 5th?

Capture Cost / Cost Planning for 2 What is 5th? What is 5th?

Capture Cost / Cost Planning for 3 The four elements of the Cost Management process consist of these. What are Cost: Controlling / Accounting / Planning / Analysis?

Capture Cost / Cost Planning for 3 What are Cost: Controlling / Accounting / Planning / Analysis? What are Cost: Controlling / Accounting / Planning / Analysis?

Capture Cost / Cost Planning for 4 This element translates the operational value chain into financial values. What are rate and proportion method

Capture Cost / Cost Planning for 4 What is Cost Accounting?

DAILY DOUBLE

Capture Cost / Cost Planning for 5 Examples of Cost Objects include these.. What are WBS Elements, Internal Orders, or Cost Centers?

Capture Cost / Cost Planning for 5 What are WBS Elements, Internal Orders, or Cost Centers? What are WBS Elements, Internal Orders, or Cost Centers?

Reporting Analysis Functions for 1 In Cost Management, the period-end close process triggers this. What is Controlling Close process?

Reporting Analysis Functions for 1 What is Controlling Close Process? What is Controlling Close Process?

Reporting Analysis Functions for 2 The two data types mentioned in this block are these. What are Master and Transactional?

Reporting Analysis Functions for 2 What are Master and Transactional? What are Master and Transactional?

Reporting Analysis Functions for 3 This data type comes across with each transaction (e.g. document number). What is Transactional?

Reporting Analysis Functions for 3 What is Transactional?

Reporting Analysis Functions for 4 The difference between Planned and Actual Cost is known as this. What is Variance?

Reporting Analysis Functions for 4 What is Variance? What is Variance?

Reporting Analysis Functions for 5 These are the two primary BI Cost Reports. What are Cost By and Unit Cost?

Reporting Analysis Functions for 5 What are Cost-By and Unit Cost? What are Cost-By and Unit Cost?

Identify Cost Management / Cost Objects for 1 The process of collecting / allocating costs from sending cost objects to receiving cost objects. What is cost collection / cost allocation?

Identify Cost Management / Cost Objects for 1 What is Cost Collection / Allocation? What is cost collection / cost allocation?

DAILY DOUBLE

Identify Cost Management / Cost Objects for 2 When an Internal Order is used for this purpose, it records values for informational purposes only. What is Statistical?

Identify Cost Management / Cost Objects for 2 What is Statistical? What is Statistical?

Identify Cost Management / Cost Objects for 3 Remember the ‘Chart of Accounts?’ 6000 represents this. What is Expense?

Identify Cost Management / Cost Objects for 3 What is Expense? What is Expense?

Identify Cost Management / Cost Objects for 4 These are the 2 value-types of SKF’s. What are Fixed and Total?

Identify Cost Management / Cost Objects for 4 What are Fixed and Total?

Identify Cost Management / Cost Objects for 5 These are Cost Collectors that can be used to track costs of cross-functional activities within an organization. What are Business Processes?

Identify Cost Management / Cost Objects for 5 What are Business Processes? What are Business Processes?

Cost assignment methods are the mechanisms for this. FINAL JEOPARDY ~Determine Cost Assignment~ Cost assignment methods are the mechanisms for this. What are Moving Costs?

~Determine Cost Assignment~ FINAL JEOPARDY ~Determine Cost Assignment~ What are Moving Costs? Who are Joint Chiefs of Staff?