Who performs the overhead cost settlement in GFEBS?

Who performs the overhead cost settlement in GFEBS?

• A. The Project Manager
• B. The GFEBS background program
• C. The Financial Officer
• D. The User requesting the service

Answer: (B)

The overhead cost settlement in GFEBS is specifically handled by the GFEBS background program. This automated process is designed to ensure that overhead costs are allocated and settled according to established financial guidelines and principles. By utilizing a background program, GFEBS can efficiently process large volumes of transactions, maintain accuracy in cost allocation, and ensure timely settlement without requiring manual intervention from users or specific personnel like project managers or financial officers. This automation not only improves consistency and reliability in cost management but also allows those in managerial roles to focus on strategic tasks rather than the intricacies of data processing.

The overhead cost settlement in GFEBS is specifically handled by the GFEBS background program. This automated process is designed to ensure that overhead costs are allocated and settled according to established financial guidelines and principles. By utilizing a background program, GFEBS can efficiently process large volumes of transactions, maintain accuracy in cost allocation, and ensure timely settlement without requiring manual intervention from users or specific personnel like project managers or financial officers. This automation not only improves consistency and reliability in cost management but also allows those in managerial roles to focus on strategic tasks rather than the intricacies of data processing.