1. GFEBS
COST MANAGEMENT
JEOPARDY!
Week I Review

2. 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

3. 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?’

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

5. 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?

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

7. 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

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

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

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

11. 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?

12. 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?

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

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

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

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

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

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

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

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

21. 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?

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

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

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

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

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

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

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

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

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

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

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

33. 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?

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

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

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

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

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

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

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

41. DAILY
DOUBLE

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

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

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

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

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

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

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

49. Reporting Analysis Functions for 3
What is Transactional?

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

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

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

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

54. 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?

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

56. DAILY
DOUBLE

57. 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?

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

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

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

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

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

63. 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?

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

65. 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?

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