PS/FM

Question 1

Budget Object

Answer 1

Unique combination FM master data. Represents the unique combination that captures the type of funding, who is executing the funding, and for what it is being executed (Navy ERP LOA)

Question 2

Funds Management (FM) Module

Answer 2

Encompasses budget allocation and control

Question 3

Five elements of a budget object

Answer 3

Fund
Fund Center
Functional Area
Commitment Item
Funded Program

Question 4

Fund

Answer 4

Represents budget (funding) that is limited by the fund’s expense span

Question 5

Fund captures the…

Answer 5

Appropriation, beginning year of appropriation, length of the period of availability, and budget line item

Question 6

Fund construct changes slightly based on….

Answer 6

the type of funding

Question 7

Fund format OMN Example

Answer 7

Characters 1-2 = Appropriation
Characters 3-4 = Beginning Fiscal Year
Character 5 = Length of period of availability
Characters 6-9 = AG/SAG

Ex: 212114A8M - OMN, Beg Year 2021, 1 year, and AG/SAG of 4A8M

Question 8

Fund format OPN Example

Answer 8

Characters 1-2 = Appropriation
Characters 3-4 = Beginning Fiscal Year
Character 5 = Length of period of availability
Characters 6-9 = Line Item
Character 10 = Advance Procurement Indicator

Ex: 3420381090 - OPN, Beg Year 2020, 3 year fund, Line item of 8109 and no advance indicator based on the last character being a zero

Question 9

Funds center

Answer 9

Represents who within the budget object. Identifies the major command, PEO, Business Area, Branch or departments for field activities
Identifies which funds center the funds are assigned to. Conveys the organization holding the allocation or the allotment of funds.

Question 10

Functional Area

Answer 10

Further defines and classifies the fund. It represents additional detail as to what type of funding is being executed.

This object derived when creating a document for execution.

The Functional Area identifies the P1/ECC.
P1/ECC is captured in the last seven digits of the functional area.
A classification of financial transactions according to functions executed in an organization. Provides information on the overall purposes or objectives for each transaction.

i.e. XXXXX-XX-XXXXXX

Question 11

BUMED Format

Answer 11

00000-00-RBAB992

First three characters of last section of FA represent P1 = RBA
Last four characters represent the ECC = B992
Exceptions: 00000-00-803LBR/803TVL

Question 12

Commitment Items

Answer 12

Hierarchical
All budget is posted at the highest level “EXPNDITURES”
Funds execution are posted at the lowest level which is equivalent to a general ledger account or secondary cost element
Lowest level commitment items are tied the relevant OMB Object classes

Question 13

Funded Program

Answer 13

An element used within Navy ERP to integrate between FM and PS module

Question 14

The default funded program used within the system

Answer 14

“Navy”

Question 15

The funded program is always derived on

Answer 15

non-budget postings

Question 16

FBL3N

Answer 16

Displays the G/L line items

Question 17

CJI5

Answer 17

Display open purchase order (PO) and purchase requisition (PR) commitments for a project or work breakdown structure (WBS) element

Question 18

CJI3

Answer 18

Project cost report that shows financial postings and cost settlements

Question 19

FMBB

Answer 19

Work with a single budgeting document

Question 20

ZQ05

Answer 20

Transfeer funds to MA? WBS element

Question 21

ZQ15

Answer 21

Assign funding to WBS element at the beginning of the year

Question 22

ZQ01

Answer 22

Assign WBS element to funds

Question 23

FMEDDW

Answer 23

Allows users to display budget entry documents and drill down into them to view detailed information

Question 24

Expense Span

Answer 24

The period that the money can be obligated

Question 25

ZQ10

Answer 25

Distribute Funds to lower level WBS element